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UEM Sunrise Bhd’s Southern Industrial & Logistics Clusters (SILC) Phase 3, a fully integrated industrial park of approximately 196 acres in Iskandar Puteri, Johor has achieved about RM50 million of sales since its launch at the beginning of 2017. The signing of a sale and purchase agreement was held between UEM Sunrise Bhd and Luxx…

Hua Yang Bhd has unveiled its latest township, Elemence in Taman Denai Alam, Johor Bahru. The developer is starting the eight-phase township with the launch of a parcel within Oval, the first phase of the development. This parcel (estimated GDV of RM41.72 million) will comprise 64 cluster homes with a built-up of 2,170 sq. ft….

Sime Darby Property Bhd is planning two upcoming launches in its Bandar Universiti Pagoh (BUP) township in Pagoh, Muar, Johor. First will be its second commercial development, the Sarjana Promenade shoplots, in November 2017. Sitting on 30 acres of leasehold land, it will comprise 171 two and three storey shoplots with an average gross floor…

AsiaBio Petroleum Sdn Bhd, a subsidiary of Asia Bioenergy Technologies Bhd, has entered into a collaboration agreement with ACME Industrial Service Sdn Bhd (ACME) to set up an integrated facility to provide blasting & painting (B&P), as well as steel fabrication services. The integrated facility will be situated on a 5 acre site located within…

The Prince of Wales Island International Primary School, POWIIS Primary, will open in September 2019 on a 4.9 acre site on Jalan Loh Poh Heng, Tanjung Bungah, on Penang Island and MTT Learning Academy and BSG Property are in collaboration to develop this purpose-built school, which will provide 800 places for children aged three to…

MMC Corp Bhd’s plans to build a container port on Carey Island, which was announced in April 2017, could be delayed or even postponed. MMC signed a Memorandum of Understanding with Adani Ports and Sime Darby Bhd to study the feasibility of constructing a container port on Carey Island back in April 2017 which would…

DK-MY Properties Sdn Bhd is targeting to launch D’Immersione at Dutamas by the end of 2017. The mixed development is located on a 3 acre freehold site on Jalan Duta, Kuala Lumpur and has an estimated gross development value of RM850 million. The mixed development project will include shop units and office suites, one corporate…

Pavilion Real Estate Investment Trust (Pavilion REIT) saw its net profit sliding 6.7% to RM55.4 million for the third quarter ending 30th September 2017 due to “higher property operating expenses”. The total property operating expenses were 17% higher year-on-year mainly due to higher maintenance costs such as continuous air-conditioning system improvement and upgrading works, replacement…

Affordable homes costing between RM200,000 and RM250,000 do exist. The problem is that the awareness among buyers is low. Real Estate and Housing Developers’ Association (Rehda) commented that although financing is an issue, there has to be a better awareness that these units are widely available. Affordable houses are available in the Klang Valley, in…

Trive Property Sdn Bhd (TPSB) has been appointed by Tenaga Meriah Sdn Bhd (TMSB) as the Turnkey Contractor (Design, Built & Completion Handover) for an SPNB affordable housing project in Kuala Lumpur. TMSB, a wholly-owned subsidiary of Trive Property Group Bhd, has secured a Letter of Intent from SPNB Aspirasi Sdn Bhd (SPNB Aspirasi) to…

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