EcoHill Taipan, part of the lifestyle commercial hub at Setia EcoHill, Semenyih, is set for completion at the end of December 2017 comprising 56 shop offices with a RM130 million GDV. The project was fully sold out subsequent to its 2015 launch and developers expect that EcoHill Taipan owners will reap a 6% minimum rental…

Hunza Properties Berhad held a grand key handover ceremony for its Alila 2 condominium in Tanjung Bungah, Penang, which was attended by purchasers from Hong Kong, Japan, Singapore and Britain. Construction work commenced in August 2014 and was recently completed in August 2017. Approximately 47% of Alila 2 is bordered by lush greenery, which justifies…

The first-ever convention to discuss a nationwide plan to redevelop overcrowded housing areas will be held in January 2018. Led by the Urban Wellbeing, Housing and Local Government Ministry, the meeting will involve 117 Malaysian local authorities. They will contribute their opinions and thoughts on issues in areas under their jurisdiction. The convention will act…

For RM36.08 million, Kimlun Corp Bhd is buying two freehold tracts in Johor from Mah Sing Group Bhd, to build commercial property. Kimlun is purchasing approximately 515 acres of land on Jalan Persiaran Pulai Perdana for RM14.25 million and a 17.9 acre site in Plentong for RM21.83 million. For the Jalan Persiaran Pulai Perdana land,…

A wholly-owned subsidiary of SEAL Incorporated Bhd has entered into a sales and purchase agreement to dispose of 88 acres of land to Tristar Bay Sdn Bhd for RM30 million. The parcel held under HSD 127766, is referred to as Lot No. 65140, Bandar Amanjaya, Daerah Kuala Muda in Kedah. A proportion of 2.87 acres…

Pensonic Holdings Bhd has entered into two sale and purchase agreements with Cekal Unggul Sdn Bhd to acquire two pieces of freehold land in Klang, Selangor for RM20.07 million. The land is situated within Taman Perindustrian Worldwide Kapas Bestari (phase two), and will be utilised by Pensonic to erect a warehouse and office block. The…

For purposes of developing high-rise condominiums, Boustead Holdings Bhd is acquiring 6.59 acres of land in Jalan Cochrane for RM143.5 million, from its major shareholder Lembaga Tabung Angkatan Tentera (LTAT). Boustead’s wholly-owned subsidiary Mutiara Rini Sdn Bhd, has entered into a sale and purchase agreement with LTAT for the acquisition of the freehold land. With…

ML Global Bhd announced the renaming of its company as Malaysian Generations Builder (MGB) Bhd after the resolution was passed during the company’s extraordinary meeting (EGM) recently. The proposal was made to better reflect the company’s corporate representation and to diversify its existing business. In terms of diversification, MGB plans to diverge into the property…

Masteron Sdn Bhd recently launched its sales gallery at Menara Choy Fook On, in Petaling Jaya. The company is expected to launch an industrial project worth RM3 billion within the next six-years. In addition, several residential and commercial projects, such as the Vernando Sky terrace (more than 50% booked) and the first phase of South…

For RM70 million, Hua Yang Bhd is acquiring property development company Kajang Heights Development Sdn Bhd (KHDSB), to expand its landbank and operations into the Southern Klang Valley region. KHDSB owns four parcels of freehold land measuring approximately 19.76 acres, which are located between Kajang and Bandar Baru Bangi. Hua Yang’s proposed development of the…

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