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ECONOMIC OVERVIEW Property launches

Key statistics Latest release Previous rate

Quarterly GDP growth 4.5% (4Q2009) -1.2% (3Q2009)

Annual GDP growth -1.7% (2009) 4.6% (2008)

Consumer Price Index (CPI) 1.2% (Feb-10) 1.3% (Jan-10)

Industrial Production Index (IPI) 107.2 (Jan-10) 104.2 (Dec-09)

Base Lending Rate (BLR) 5.80% (Mac-10) 5.51% (Feb-10)

Exchange rate: RM to US dollar RM3.258 (30/03) RM3.390 (01/03)

Apartments / Condos / Townhouses

Two storey terraced houses

Two & half storey terraced houses

Two storey semi-d cluster houses

Two storey semi-d houses

Two & half storey semi-d houses

Two storey detached houses

Two & half storey detached houses

Source: Department of Statistics Malaysia & Bank Negara Malaysia Major News

IOI expects brisk sales of Adenia phase …

Magna Prima to launch 5 projects in … First quarter of 2010 (1Q2010) has shown significant improvement as compared with the precesdent quarter in 2009, where at the height of the global financial crisis, the government was forced to introduce two (2) economic stimulus packages worth RM67 billion.

SP Setia in growth mode in southern Johor

Development of i-City enters 2nd phase…

Ivory seeks investor for planned hotel

Sime Darby Property, Sunrise in RM1 bil.. During 1Q2010, it was announced that the country’s economic slump has ended when it was announced that the country’s Gross Domestic Products (GDP) grew by 4.5% in 4Q2009 after recording negative growths of -6.2%, -3.9% and -1.2% during the 1Q2009, 2Q2009 and 3Q2009, respectively. The overall GDP declined by -1.7% for the whole of 2009, which was better than the earlier projection of between -4% and -5%.

New hotel to open soon in KL

RM40 million swiftlet farm for Sarawak…

Residents unite against hillside condo…

Espio to invest RM60 million in Sibu…

Putrajaya, Cyberjaya aim low

New projects to be main driver of SATS.. The Bank Negara Malaysia (BNM) has also raised the Overnight Policy Rate (OPR) by 25 basis points to 2.25 on 4th March 2010 in a move to normalize the interest rate. The increase in the OPR has effectively increased the Base Lending Rate (BLR) to 5.8% from the previous 5.5%. The increase is imperative to reduce outflow of funds and to avoid building up of asset bubbles.

One Damansara ready by 2014

Hunza wants foreign retailer as anchor….

Ireka ventures into KLCC

IOI targets 100pc sales for 16 Sierra

S2 Heights takes it to the next levelAlthough the BNM has indicated the interest rate may be increased further towards the remaining of 2010, the increase is not expected to affect the country’s economic performance. The interest rate is expected to remain at a level that is supportive of economic growth.

Sunway to buy 60% in Spanland

Genting opens 4 hotels at Resorts World...

New lease of life for prime site in KL

Genting plans Iskandar Hub

The Light to brighten IJM sales prospects In the absence of major price increases in key products and services, e.g. fuel price and electricity tariff, the country’s Consumer Price Index (CPI) has been hovering between 1% and 2%. In 1Q2010, the government has also scrapped the plan to withdraw the fuel subsidies for foreigners and vehicles with large engine capacity, which was earlier scheduled to be introduced in May, 2010. The government has laso delayed the implementation of Goods Sales Tax (GST), which is expected to replace the services tax.

E&O piles on the luxury for Quayside….

Scouts to build hotel at HQ

SunCity plans to inject assets into REIT

Mah Sing: Strong response to projects

Minply unit to build homes in Gemas

Turning up the heat in Bukit Bintang

Maymont expects all 'bungalows in the…

Others


In spite of the global financial crisis, the tourists visited Malaysia increased to 23.6 million tourists in 2009 from 22 million tourists in 2008. The increase was recorded in spite of the global financial crisis and H1N1 influenza pandemic. According to World Tourism Organisation, Malaysia was one of the seven countries that had achieved positive growth in tourist arrivals in 2009, when the rest of the world experienced a 4% decline.

Mega Deals

Gadang unit in land deal

Railway land to be sold to Perak govt

Axis REIT eyes RM1b asset base

Khind buying factories for rental income

Selangor wants to acquire AmFIRST land On 30th March 2010, Prime Minister announced the first stage of New Economic Model (NEM) to enhance the country’s competitiveness and to move the country to high value chain economic model. While the first stage provides general review of NEM, full announcement is anticipated in June 2010, in line with the announcement of the Tenth Malaysia Plan.

AmanahRaya REIT to buy two buildings...

MAXBIZ to sell two properties to JPC

I-Bhd unit sells five floors for RM4.94m

Sutera Harbour Resort up for sale?

Pricewood to sell building Bank Negara Malaysia launched the Bank Negara Annual Report 2009 and projected the country’s economy to grow by about 4.5% to 5.5% in 2010, underpinned by strengthening domestic and improving external factors. Service sector is expected to remain the key contributor to the overall GDP

Prinsiptek sells land for RM13.5 million

SCAN buys shop offices

Hwang-DBS buys properties for RM46m

Mah Sing in land deal

Ibraco buying 15.69ha in Kuching

Mah Sing acquires land Other key economic events that had taken place during the 1Q2010 are as follows:

Mah Sing unit to buy land for RM45.5m

Kwantas to buy land in Sabah for RM83m- A free trade agreement (FTA) between China and South East Asia came

into force on 1st January 2010

Ampwalk owners said to be in talks to…

Bolton LYL buys land for RM39million

SP Setia buying Melbourne site for…- A RM1 billion project to build six buildings in the State administrative

capital of Kota Iskandar to house about 50 government departments and agencies are expected to start next year.

Harbour Link buys land

Talam unit sells land for RM35million

Others - Industrial Production Index (IPI) in January jumped 12.7% from the

corresponding period in 2009, returning to double digit growth after almost five years

Retail Corner’s

Panasonic Malaysia plans 50 lumix…

GCH Retail plans 3 distribution centres - Malaysia’s manufacturing sales rose 28.8% to RM43.3 billion in January from a year earlier, according to Department Of Statistics

Amway's new RM100m HQ to boost…

Poh Kong opening more outlets by July- Hong Kong based Sun Bear Solar Ltd, a global player in the solar

industry, will be investing RM5.2 billion in a solar glass manufacturing plant in Kota Kinbalu Industrial Park

Carrefour opens another outlet in Kota ….

T.G.I. Friday’s target market is driven…

Carrefour opens its 22nd store

Chaswood seeks franchisees to expand…- The price of crude palm oil (CPO) for May gained 1.32% or RM35 to

settle at RM2,685 per tonne

QSR eyes 20 new outlets, optimistic…

KFCH to invest RM3m in 5 new ….

Chain Carrefour opens first outlet in… - The total investment value approved for the manufacturing sector in Sabah increased to RM5.9 billion in 2009 compared with RM1.05 billion in 2008.

McDonald’s plans 30 outlets outside…

QSR expanding in Cambodia

GCH setting up Giant hypermarket in Sarawak

Others


PROPERTY LAUNCHES

No Project Developer Units Minimum sizes (Sq Ft)

Minimum selling prices

Apartments / Condominiums / Townhouses 1. Alam Idaman, Shah Alam

CB Land Sdn Bhd 326 807 – 1,130 RM 232,102

2. Symphony Heights, Selayang

Daya Niaga Sdn Bhd 946 863 – 1,247 RM 135,200

3. Cheras Heights Luxury Condo, Taman Bukit Cheras

Sycal Properties SB 300 1,394 – 2,823 RM 352,480

4. Lagoon Suites, Kota Kemuning, Shah Alam

Hicom Gamuda Development

174 500 – 900 RM 166,800

5. One Damansara Condominium, Damansara Damai

Medan Prestasi 899 1,396 – 2,525 RM 298,766

6. Sunway SPK 3 Harmoni, Bandar Manjalara, KL

Sunway SPK Homes Sdn Bhd

180 2,290 – 2,580 RM 800,000

7. Light Point @ The Light Waterfront, Penang

Jelutong Development SB

88 1,830 – 4,090 RM 1,209,600

8. Moonlight Bay, Batu Ferringhi, Penang

Ivory Properties Group

20 1,950 – 2,200 RM 1,308,800

9. The Peak Residences, Tanjung Tokong, Penang

Ivory Properties Group

600 1,000 – 5,000 RM 300,000

Two storey terraced houses 1. Cempaka Suria, Kota Seriemas Seriemas

Development SB

34 1,650 RM 309,753

2. D Kayangan, Shah Alam (Type Arabella)

Lebar Daun Development SB

94 2,240 RM 674,999

3. Bdr Parklands, Klang (Type Tulip (B7))

Gabungan Efektif Sdn Bhd

84 1,650 RM 338,000

4. Cahaya Alam, Shah Alam (Type Camellia)

Must Ehsan Development SB

70 1,650 RM 375,500

5. Bayuemas, Klang (TypeWarisan)

I & P Group 94 1,540 RM 304,888

6. 16 Sierra, Puchong

IOI Properties 147 1,650 RM 448,900




7. Taman Sutera, Kajang (Zen 2) Modal Ehsan SB 122 1,540 RM 450,800

8. Hillpark Home, Kajang Metro Kajang Holdings Bhd

244 1,400 RM 278,160

9. Bdr Putera Klang 2, Klang (Type Basella)

Malayapine Estates Sdn Bhd

210 1,400 RM 185,800

10. Saujana Sutera, S2 Heights, Seremban 2, (Type Serena)

IJM Land Bhd 116 1,650 RM 333,344

Two & half storey terraced houses 1. USJ Heights (Type Mandara),

Subang Jaya

Sime Darby Property Berhad

98 2,080 RM 1,066,519

2. Denai Alam (Ivy Terrace Homes), Shah Alam

Sime Darby Property Berhad

90 1,650 RM 702,260

Two storey semi-detached cluster houses 1. Saujana Putra (Ivory

Residences), Puchong

LBS Bina Group Bhd 88 1,760 RM 399,990

2. Sunway Alam Suria, Shah Alam Sunway City Properties Sdn Bhd

100 1,950 RM 473,000

3. Tanah Sutera, Taman Sutera Utama, Johor Bahru, Johor

Tanah Sutera Development SB

47 2,450 RM 568,000

Two storey semi-detached houses 1. Villa Avenue, Equine Park Equine Capital Bhd 152 3,200 RM 1,015,000

2. Casa Arianna lakefront Twin Villas, D Kayangan, Shah Alam

Lebar Daun Development SB

26 4,800 RM 1,497,999

Two & half storey semi-detached houses 1. Seri Pilmoor, Ara Damansara Sime Pilmoor

Development SB

34 3,767 RM 2,500,888

2. Hillpark Home, Kajang Metro Kajang Holdings Bhd

28 2,800 RM 551,742

Two storey detached house 1. Bungalow @ Lake Precinct,

Aman Perdana, Klang

Mah Sing Group 143 4,000 RM 856,570




2. Cubist Bungalows, Twinpalms, Kemensah

Venus Capital Sdn Bhd

42 4,500 RM 2,704,000

3. Milano @ Kemuning, Shah Alam Jaya Upaya Corporation Sdn Bhd

38 4,000 RM 1,547,000

4. One Legenda, Cheras Mah Sing Group 26 8,000 RM 3,500,000

Two & half storey detached house 1. Seri Pilmoor, Ara Damansara Sime Pilmoor

Development SB

74 5,963 RM 4,088,888

MAJOR NEWS IOI expects brisk sales of Adenia phase one homes Top IOI Properties Bhd will be selling 147 residential units offered under phase one of its Adenia project. The two-phase Adenia was a component of its mega property project 16 Sierra in Puchong. The project has a gross development value (GDV) of RM2 billion. The two-storey terrace homes have a lot size of 22ft by 75ft and are targeted for handover by the middle of 2011. The average price per unit is about RM448,900.

(The Star-30 Jan 2010)

Magna Prima to launch 5 projects in Klang Valley Top Magna Prima Bhd has lined up five new projects, worth a combined RM1.2 billion, in the Klang Valley in the second half of the year. The projects include the much-anticipated Magna Prima City, a RM400 million integrated development in Jalan Kuching, Kuala Lumpur, which will comprise serviced apartments, retail mall and shop-offices.

Another project, costing RM100 million, will be developed in Section 16 in Shah Alam, Selangor. It will feature a gated and guarded residential community of 300 terraced houses on about 7 hectares. Magna Prima is planning a similar residential project in Selayang, Selangor, which is expected to generate some RM250 million gross development values. It also plans to launch a gated development in Bukit Jalil, Kuala Lumpur, comprising terraced and semi-detached houses, worth RM80 million. In Section 5, Petaling Jaya, Selangor, Magna Prima will launch a lifestyle commercial project, valued at around RM300million. There will be four- to five-storey shoplots, a boulevard and a neighbourhood mall.

(NST-30 Jan 2010)


SP Setia in growth mode in southern Johor Top SP Setia Bhd has lined up four developments for launching in southern Johor this year. On average, about 800 to 1,000 units will be launched in each of the four developments with price ranging from RM300,000. The company will also launch some high-end semi-detached and bungalow units ranging from RM1 million in all four projects.

(The Star-30 Jan 2010) Development of i-City enters 2nd phase this year Top Phase 2 of I-Berhad's integrated commercial development in Shah Alam is expected to start in 2010. The phase sprawling 3.64 hectares, has a gross development value (GDV) of over RM150 million. It will offer between 300,000 square feet and 400,000 square feet of office spaces. It is set to be completed by 2013. I-Bhd plans to complete the Cybercentre office suites, also known as CityWalk South, during the second phase. It plans to build office towers and one million square feet shopping mall in future phases as well.

(NST-28 Jan 2010) Ivory seeks investor for planned hotel Top Ivory Properties Group proposed a 352-room hotel, an exhibition and convention centre along with commercial lots for the third and fourth phases of the RM1.1 billion Penang Times Square development. The project will also feature a cineplex and luxury condominiums. The proposed four- or five-star hotel will occupy 0.96 hectare of land and plans to house resort and spa facilities and services. The proposed exhibition and convention centre which comes under the third phase of the project is set to break ground by 2012.

(NST-28 Jan 2010) Sime Darby Property, Sunrise in RM1 billion JV Top Sime Darby Property Bhd and Sunrise Bhd have agreed to jointly develop three lots of freehold commercial land measuring 8.38 hectares in Bukit Jelutong, Selangor. The project, located opposite the Sime Darby Pavilion, has an estimated gross development value (GDV) of RM1 billion. The commercial development will have a built-up area of 2.7 million square feet, consisting of retail, shopoffices, office suites and service apartments. The project will be launched and developed in five phases beginning 2011 onwards and is set to be completed in seven years.

(The Star-27 Jan 2010) New hotel to open soon in KL Top Doubletree by Hilton Kuala Lumpur City Centre is set to open to the public by the second quarter 2010. Doubletree is a 540-room hotel located at the intersection of Jalan Ampang and Jalan Tun Razak.



RM40 million swiftlet farm for Sarawak coastal town Top State Economic Development Corp (SEDC) and Borneo Resource Synergy Sdn Bhd (BRS) have agreed to jointly develop Sarawak's first swiftlet eco-park in Balingian, Mukah Division within the Sarawak Corridor for Renewable Energy. SEDC and BRS have signed a RM40 million joint-venture agreement to develop the park at a site located about 15 kilometres from Balingian. It is set to start operation by 2011. The project would involve the construction of 40 three-storey terrace houses, measuring 20ft by 80ft, and 15 three-storey bungalow units, measuring 35ft by 63ft on an 8-ha site exclusively for the swiftlets.

(NST-26 Jan 2010) Residents unite against hillside condo project Top The residents unite is against Bat Group Sdn Bhd plan to develop a 37-storey condominium on steep hillslope in Batu Ferringhi. The multi-million-ringgit project will be built at one of last remaining stretches of greenery at the Shamrock beach, Batu Feringghi. The company applied for planning permission for the project and the Penang Island Municipal Council (MPPP) has since issued notices to residents living in the immediate vicinity for feedback.

(NST-25 Jan 2010) Espio to invest RM60 million in Sibu project Top Espio Enterprise Sdn Bhd, will spend an initial RM60 million to develop phase one of a mixed development known as Swan City in Sibu, Sarawak. The project to be developed on a 7-hectare site will comprise over 100 residential units and commercial buildings to be completed within three years. The other project is the construction of the state's first and biggest purpose built hypermall for the Giant International Retail Group. The hypermall is expected to be ready and operational by end of 2011.

(NST-25 Jan 2010) Putrajaya, Cyberjaya aim low Top Masdar, the Abu Dhabi renewable energy company is in talks which could lead to plans to build Malaysia's first carbon-neutral city. Masdar and 1Malaysia Development Berhad (1MDB) have signed an agreement to explore clean technology projects and investments. Both companies will also cooperate and invest in carbon reduction projects and clean technology venture capital. Masdar City is poised to become the world's most sustainable, zero-waste, car-free, carbon-neutral city.

(NST-22 Jan 2010) New projects to be main driver of SATS profit growth Top Senai Airport Terminal Services Sdn Bhd (SATS), plans to build a 200-room hotel, apartments, offices and retail lots, worth more than RM200 million on a 4-hectare land fronting the Senai Airport. Next to this, SATS has a 8-hectare site to be developed as an international trade centre, together with the Wenzhou Association of China, with an investment of RM200 million.

(NST-22 Jan 2010)


One Damansara ready by 2014 Top MK Land Holdings Bhd is targetting a 70% sales within six months before commencing construction of its newly-launched condominium project, One Damansara in Damansara Damai, Selangor. The project features 899 condominium units spread over 8.76 acres with a gross development value (GDV) of RM220 million. Unit size ranges from 1,396 to 2,525 square feet and prices start from RM233,200. It is set to be completed by 2014.

(NST-22 Jan 2010)

Hunza wants foreign retailer as anchor tenant of Gurney Paragon Top Hunza Properties Bhd plans to attract foreign retailer as anchor tenant of at its RM400 million Gurney Paragon, which is slated to open in two years. The shopping mall, which is located in George Town, Penang will have a gross built-up area of 2 million square fee and net lettable area of 700,000 square feet. Apart from the shopping mall, an office block and 220 units of high-end condominiums form part of the development as well.

(NST-22 Jan 2010)

Ireka ventures into KLCC Top Ireka Corp Bhd plans to build a high-end residential tower on its newly bought land near Kuala Lumpur Convention Centre (KLCC) and expects to complete it by end 2013. The land will be developed by Ireka and Aseana Properties Ltd on 30:70 bases. The project is estimated to have a gross development value (GDP) of RM272 million and it is set to be launched in early 2011.

(NST-22 Jan 2010) IOI targets 100pc sales for 16 Sierra Top IOI Properties Bhd is targeting a 100% sale of its 16 Sierra’s Phase 1 and 2 residential developments within a week of its launch. The two phases consisting of 250 units of 2-storey terraced houses will be launched on Jan 30. The 535-acre development has a gross development value (GDV) of RM1 billion. It offers 16 theme gardens such as Fragrant Gardens, Canopy Gardens, Forest Gardens and Central Park.

(NST-22 Jan 2010) S2 Heights takes it to the next level Top IJM Land Bhd plans to launch more phases in S2 Heights, Seremban, during the year comprising more double storey terrace houses and semi-dees as well as new single storey semi-dees.

(NST-22 Jan 2010) Sunway to buy 60% in Spanland Top Sunway Holdings Bhd, via wholly-owned unit SunwayMas Sdn Bhd, has inked a share sale agreement with Templer Forest Resort Sdn Bhd for the proposed acquisition of 60% equity interest in Spanland Sdn Bhd for RM13.8 million. The site sprawling 98-acre will feature 163 bungalows with an estimated gross development value (GDV) of RM500 million. The three-storey bungalows with built-up areas of 6,500 square feet have an indicative price of RM3 million. The project is set to be launched by October.



Genting opens 4 hotels at Resorts World Sentosa Top Resorts World Sentosa, built by Malaysia's Genting Bhd opened four premium hotels in Singapore in preparation for the launch of a casino and a Universal Studios theme park. Festive Hotel, Hard Rock Hotel Singapore, Crockfords Tower and Hotel Michael, together offer 1,350 rooms and 10 restaurants. Its 7,300-seat ballroom, one of Asia's largest, will host its first event at the end of this month. A Universal Studios theme park is set to open in the coming weeks on the sprawling 49 hectare complex on Sentosa, an island a quarter of a mile off Singapore's coast. The resort's casino, the first of two planned for the city-state, is set to open in March following delays in getting its license approved.

(NST-21 Jan 2010) New lease of life for prime site in KL Top The developer of an abandoned hotel project at the junction of Jalan Sultan Ismail and Jalan Ampang, Kuala Lumpur has submitted a new proposal for a mixed development project. The site, a prime piece of land located directly across The Renaissance Kuala Lumpur and next to the Sunway Tower (previously Wisma Denmark), was previously slated for the opening of 5-star The Grand Duta Hyatt hotel. According to Kuala Lumpur City Hall (DBKL) mayor Datuk Ahmad Fuad Ismail, it has received an application from the developer to build a 52-storey mixed development project comprising service apartments, offices and a hotel.

(NST-21 Jan 2010) Genting plans Iskandar hub Top Gaming group Genting plans to develop a hub in Iskandar Malaysia, Johor that will feature a mall with premium outlets in the first stage and, later, a theme park and hotels. The mall, to be known as Chelsea Premium Outlet, will be operated jointly with US firm Simon Property Group and will be the anchor of the whole project. . It is set to open by 2011. The hub in Johor is expected to be a mid-way point to help facilitate two-way visitor flow between its Resorts World Genting development in Pahang and its soon-to-open integrated resort in Singapore, Resorts World Sentosa.

(NST-20 Jan 2010) The Light to brighten IJM sales prospects Top IJM Land Bhd is optimistic over demand for its Penang projects, as it continues to launch new offerings within its "The Light" waterfront project on the island. The Light, which is a RM5.5 billion mixed development project, is being carried out on reclaimed land north of the Penang Bridge. Phase 1, which sprawls over 16 hectares, comprises residential units and is set to take six years to complete. One component of this phase is the 19 units of seafront designer bungalows tagged at RM15 million each which is expected to to be launched by the end of 2011. The second phase encompasses 41.2 hectares and will take 15 years to be developed.

(NST-20 Jan 2010)


E&O piles on the luxury for Quayside condo project Top E&O Property Development Bhd plans to launch it RM1.8 billion Quayside Seafront Resort Condominum developments in Penang next month. The Quayside condominiums, which comprise seven blocks of seafront units, will be sprawled on an 8.4 hectares site, with 1.8 hectares of land dedicated to a signature waterpark and clubhouse.

(NST-19 Jan 2010) Scouts to build hotel at HQ Top The Scout Association of Malaysia plans to build a 29 storey three-star hotel at the site of its headquarters along Jalan Hang Jebat, Kuala Lumpur. The hotel is expected to start construction in the middle of 2010.

(NST-17 Jan 2010)

SunCity plans to inject assets into REIT Top Sunway City Bhd (SunCity) may inject Sunway Towers at Jalan Ampang and Sunway Hotel Seberang Jaya in Penang into its RM4 billion Real Estate Investment Trust (REIT). Sunway Tower comprises 27 levels of Grade-A office space with a net lettable area of 276,000 square feet, eight levels of car park space and a freehold parcel of adjoining vacant land. Sunway Tower, formerly Wisma Denmark, was acquired by SunCity in 2007 for RM170 million followed by RM26 milion on refurbishments.

(The Star-16 Jan 2010) Mah Sing: Strong response to projects Top Mah Sing Group Bhd plans to launch Perdana Residence 2 in Selayang and the Garden Residence in Cyberjaya in the first half of 2010.

(NST-14 Jan 2010) Minply unit to build homes in Gemas Top Minply Holdings (M) Bhd's wholly-owned unit, Timberion Sdn Bhd (TSB) has entered into a pact with Elitprop Sdn Bhd to develop exclusively 1,586 units of single-storey terraced houses in Gemas, Negri Sembilan. The project is worth a gross development value (GDV) of RM192 million.

(NST-14 Jan 2010) Turning up the heat in Bukit Bintang Top Makna Mujur Sdn Bhd is investing more than RM100 million to refurbish KL Plaza which, upon completion, will be known as Fahrenheit 88. Fahrenheit 88 would consist of 280 shopping lots spreading across 300,000 square feet of lettable space spread over five levels of zoned shopping space. It is set to open for business on August 2010.



Maymont expects all 'bungalows in the sky' to be sold by year-end Top Maymont Development Sdn Bhd is positive of selling all 158 units of its Matahari luxury super condominiums by end of 2010. To date, 43% of the total units had been taken up. The Matahari at Desa Sri Hartamas, Kuala Lumpur, are being marketed as "bungalows in the sky", with a gross development value of RM700 million. The Matahari units are priced from RM3.1 million to RM10.8 million per unit.

(NST-12 Jan 2010) Gadang upbeat, plans new projects Top Gadang Holdings Bhd plans to launch seven super-luxury bungalows in Seri Kembangan, Serdang, worth a combined RM40 million by end of 2010 or early 2011. The bungalows will be built on leasehold vacant land offered by a boutique developer in Mines.

(NST-11 Jan 2010) Taman Seputeh gets another boost Top Liew Tze Yong, the managing director of Seputeh Gardens is developing 9 acres of freehold land with 42 bungalow units with lap pools. The overall development comprises two rows of bungalows, with about 10 bungalows along each row. A cluster of about 20 of them with land sizes varying between 4,520 square feet and more than 8,000 square feet. The bungalows are priced from RM4.08 million to RM6.8 million with built-up ranges from 6,000 square feet to 8,000 square feet.

(The Star-9 Jan 2010) Plans to revive 5,000 shoplots in Selangor Top Hulu Selangor District Council president Tukiman Nail said, they are planning to revive the 5,000 shoplots in Bukit Sentosa, Bukit Beruntung and Prima Beruntung. It also plans to bring in investors from China to set up business there.

(NST-8 Jan 2010) Final farewell for the historic Pekeliling flats Top Work to demolish the rest of the 17-storey Pekeliling Flats, located next to Jalan Tun Razak will start next month. The nearby Sri Terengganu flats are scheduled to be demolished beginning this month and all the blocks in both areas are expected to be completely gone in one-and-a-half years.

(The Star-7 Jan 2010) UTM, Newcastle to boost Iskandar Top Universiti Teknologi Malaysia and Newcastle University of United Kingdom are working to bring medical researchers into Iskandar Malaysia. According to UTM vice-chancellor Prof Datuk Dr Zaini Ujang, the arrangement with the UK University’s medical branch in Nusajaya here was expected to turn the development corridor into a major education and research hub.

(NST-5 Jan 2010)


SP Setia to set benchmark in retail mall development Top SP Setia Bhd plans to build towers and buildings at the multi-billion ringgit Setia City commercial hub, its flagship township in Shah Alam, Selangor, by as early as 2012. The 63.2 hectares Setia City will be developed in two phases. Phase 1 comprises the 1.23 million square feet Setia City Mall, worth RM750 million, and a central park, estimated to cost more than RM10 million. Phase 2 will feature more than 20 low and high-rise buildings, including office towers, corporate towers, serviced apartments, institutions and hospitals.

(NST-4 Jan 2010)

RM13 billion 'Space City' near Seremban Top A "Space City" project worth RM13 billion will be built on 400 hectares near Bandar Sri Sendayan-Bandar Enstek, and close to the KL International Airport, Putrajaya and Cyberjaya. The project will be the tallest building in the state which will house several institutes and universities to be financed by a Dubai-based private pension fund from India.

(The Star-4 Jan 2010) Work on Menara YNH to start in 6 months Top YNH Property Bhd is set to start work on its proposed Menara YNH project on 3 acres next to the Shangri-La Hotel along Jalan Sultan Ismail, Kuala Lumpur within the next six months The green project, built according to specifications of the Green Building Index, will have total net lettable space of 1.5 million square feet.


Risda plans to develop 4,000ha Sarawak land Top The Rubber Industry Smallholders Development Authority (Risda) has identified 4,000ha of land in Asajaya, Betong, Sarawak that has potential to be developed into oil palm and rubber plantations.

(NST-1 Jan 2010)

Perlis, Koreans in talks to build RM20b island Top OM land Sdn Bhd chairman Datuk Zahidi Zainul Abidin said Korean investors have discussed with the state government to build the island measuring 4,942acres using Korean technology. The project worth RM20 billion is also expected to be an international container which will be located between Kuala Sanglang and Kuala Sungai Padang.

(NST-1 Jan 2010)


Enstek new playground for HNWIs Top The co-developers of the proposed RM1.2 billion iconic country club and villa estate to be built in Bandar Enstek, Nilai, have inked a management and branding agreement with a leading hotel developer-operator to tap the "excellent infrastructure" in the vicinity such as the Formula 1 circuit and Kuala Lumpur International Airport. The project - which will comprise a country club surrounded by opulent villas on 200 acres of nature - is a joint venture between Ascenteus Holdings Sdn Bhd and Davanam Constructions Pvt Ltd of India.

(NST-26 Feb 2010)

Raffles plans to set up campus in Iskandar Top Raffles Education Corp Ltd will collaborate with Education@Iskandar Sdn Bhd, a subsidiary of Iskandar Investment Bhd, to determine the feasibility of establishing a multi-institutional education campus in Iskandar Malaysia. The proposed Raffles University would be developed on a 26-hectare site and would offer a range of undergraduate programmes.

(The Star-25 Feb 2010) Mah Sing projects RM1 billion sales amid improving market Top Mah Sing Group Bhd is expecting RM1 billion in sales amid improving market this year. Mah Sing will continue to aggressively introduce its property projects, and among those slated to be launched are a commercial project in Petaling Jaya, One Legenda in Cheras, Garden Residence in Cyberjaya, Perdana Residence 2 in Selayang and Icon Residence@Mont' Kiara. It also plans to launch more phases in existing projects like Hijauan Residence in Cheras, Aman Perdana in Meru-Shah Alam and Sri Pulai Perdana 2 as well as Sierra Perdana in Johor Baru.

(NST-23 Feb 2010) RA Group lines up 2 projects Top RA Group has lined up two medium to high-end residential projects in the next two years in light of the improving market sentiment. It plans to launch phase II of Desa Mantin, sited on 4 hectares in Setul, Negeri Sembilan by the third quarter of 2010. The development of the second phase is still under planning. Also planned to launch will be semi-detached or superlink houses at its 3.35 hectares Templer Hill development in Selayang.

(The Star-22 Feb 2010) Sunway Pyramid building into the future Top The Sunway Pyramid Shopping Mall plans to be Malaysia's biggest mall by size within the next five years. Called "SP3" and "SP4", the two phases form part of Sunway City Bhd's (SunCity) planned development on a 2.35 hectares open car park land adjacent to the existing Sunway Pyramid and the Sunway Lagoon Theme Park. Phase SP3 of Sunway Pyramid features a small-office-home-office (SOHO) suites development to be built on 0.73 hectare while under Phase SP4 of expansion, it is understood that it will include retail, office blocks and residential units on 1.62ha.

(NST-22 Feb 2010)


One Asia Property sees brisk sales for Penang's 'Asia Hills' Top One Asia Property Group, the exclusive marketing agent for the RM72 million "Asia Hills" bungalow project in Bayan Baru, Penang, expects that all 50 units on offer would be snapped up by the first quarter of this year. Its confidence stems from the shortage of landed property projects on the island. Ahead of its launch today, a total of 32 Asia Hills bungalow units have been sold. .The units, which are priced from RM1.5 million to RM2.2 million each, are sprawled over 2.24ha along the upmarket Bukit Jambul residential enclave.

(NST-22 Feb 2010)

DNP sees pick up in high-end properties this year Top DNP Holdings Bhd believes the high-end property market will pick up this year in tandem with the recovery in the domestic economy. DNP’s latest high-end project in Malaysia is the Verticas Residensi in Bukit Ceylon, Kuala Lumpur. With a gross development value (GDV) of about RM700 million, Verticas Residensi features 423 units in three condominium blocks and one block of luxury serviced residence. DNP launched Tower B of Verticas Residensi 135 units priced at RM1,100 per sq ft in mid last month after receiving positive response to Tower A (70% of the units are sold, mostly to locals) in July 2009. Tower A has 167 units priced from RM900 to RM1,300 psf. Scheduled for completion in the first quarter of 2012, the built-up area of each Verticas Residensi unit starts from 1,400 sq ft. The four penthouses have sizes from 4,000 sq ft upward.

(The Star-20 Feb 2010)

9 Bukit Utama to launch in Q2 Top Bandar Utama Development Sdn Bhd plans to launch the freehold 9 Bukit Utama condominium project in Petaling Jaya, Selangor, in the second quarter 2010. The first of the three blocks will be unveiled as soon as it is completed. The project which has an estimated gross development value of RM700 million and sited on 20 acres along the Bukit Utama Golf Course in Bandar Utama - is a three-block, 41-storey condo containing 911 units with built-up areas from 2,200sq ft and featuring four-plus-one bedrooms. A unit is expected to be priced from RM400 per square feet.

(NST-19 Feb 2010) CDC gets go-ahead for Jasin project Top Corridor Development Corp Bhd (CDC) has received approval from the Malacca state government to develop a 20 hectares industrial land in Sungai Rambai, Jasin into a mixed-use project by the middle of 2010. The project worth RM180 million will be jointly developed with the Jasin Municipal Council, and will see the setting of a Customs, Immigration and Quarantine (CIQ) complex and a jetty and the re-development of the Sungai Rambai town. Apart from CIQ complex, 158 units of shop-offices and 344 units of affordable houses will be built. Other plans include the building of 40 units of terrace factories, 48 units of semi-detached factories and 17 factory lots.

(NST-19 Feb 2010)


SS5C residents say no to housing plan Top Residents of SS5C in Kelana Jaya, Petaling Jaya, are upset over new development earmarked for the housing area. A plot of land, which used to be the site of a kindergarten, will be developed into 12 units of double storey twin houses by the Selangor State Development Corporation (PKNS).

(The Star-18 Feb 2010) New wave of development at Mines Resort Top A new wave of development is set to take place at Mines Resort City, the country's first resort development, located at Seri Kembangan, Selangor. Country Heights Holdings Bhd (CHHB), the project developer controlled by Tan Sri Lee Kim Yew wants to develop serviced residences and an area for entertainment, featuring bars, restaurants and cafes for over RM500 million.

(NST-17 Feb 2010) Super-niche projects still drawing buyers Top Urban Hallmark Properties Sdn Bhd (UHP) previewed its Zephyr Point on Basong in Damansara Heights, a niche high-end residential development comprising just seven units of three penthouses and four villas last month. The three-level villas have built-ups ranging from 8,000 square feet to 10,000 square feet while the three penthouses sized from 10,000 square feet to 12,000 square feet are spread on a single level. The project is expected to be launched between April and May, with the final purchase price of the homes to be determined then. However, with an indicative pricing of RM1,200 per square feet, each unit is expected to fetch a cool RM10 million onwards.

(The Star-13 Feb 2010) Jetson, China firm eye KL project Top Kumpulan Jetson Bhd's wholly-owned Jetson Construction Sdn Bhd has signed a memorandum of understanding with China State Construction Engineering (Hong Kong) Ltd to jointly tender for a building project along Jalan Stonor, Kuala Lumpur. The project involves the construction of two office towers of 50 and 38 storeys each and a 10-storey podium block for Platinum Park that is being developed by Naza TTDI Sdn Bhd.

(NST-12 Feb 2010) Mah Sing eyeing land in Bangsar Top Mah Sing Group Bhd is eyeing 20 acres of prime land in Bangsar that Lever Brothers’ soap and margarine manufacturing plant was formerly located. The site had been a famous landmark when Lever Brothers started operations there in 1947 until it moved out in 2003. The land’s location is very strategic and will be ideal for a good commercial development, according to Mah Sing group managing director cum group chief executive Tan Sri Leong Hoy Kum. The proposed plan is to build some office towers, hotels and serviced residences on the plot. If the deal goes through, Mah Sing will be able to further expand its presence in the commercial property sector.



PHB to spend RM182m on green complex in Putrajaya Top Putrajaya Holdings Bhd (PHB) plans to spend RM182 million to develop the first commercial green building complex in Putrajaya. The complex, located in Precinct 2, will feature an eight-storey building, a four-storey podium block and two courtyards. It is set to be ready by early 2012.

(NST-9 Feb 2010) Kg Baru land owners can get up to RM4 million under re-development plan Top Land owners in Kampung Baru can become instant millionaires as they stand to receive as much as RM4million each upon accepting the re-development concept plan proposed by the Government. Such a payment is possible because the value of the 80ha of land there is worth RM20billion, said Federal Territories and Urban Well-being Minister Datuk Raja Nong Chik Raja Zainal Abidin. Prime Minister Datuk Seri Najib Tun Razak on Saturday announced that a trust would be set up to implement the Kampung Baru re-development plan. He gave assurance that the rights of owners, the unique Malay identity and cultural legacy of the area would be retained and residents would not have to move out.

(The Star-8 Feb 2010) Magna Prima plans RM1.3b twin towers on KL prime site Top Magna Prima Bhd plans to build twin tower blocks, valued at more than RM1.3 billion, on 1.05 hectares prime land near the Petronas Twin Towers in Jalan Ampang, Kuala Lumpur. The first tower will feature luxury serviced apartments. The second tower will be a Grade A green office building with up to 900,000 square feet of net lettable area. Magna Prima bought the land, currently occupied by the 44-year-old Lai Meng Primary School and Lai Meng Kindergarten, from the Lai Meng Girls School Association for RM148.2 million in March 2009.

(NST-8 Feb 2010) MSL sees full Wangsa Maju mall occupancy in 2 months Top MSL Properties Sdn Bhd expects its newly-opened shopping mall known as "Wangsa Walk Mall" in Wangsa Maju, Kuala Lumpur, to be fully occupied within two months. The RM100 million mall opened its doors in September 2009 and now records some 5,000 visitors a day and 15,000 visitors on weekends.

(NST-5 Feb 2010) L&G plans to launch RM1.5b projects this year Top Land & General Bhd (L&G) (3174) has lined up new projects launches in the Klang Valley this year, worth more than RM1.5 billion in total. The first project, located off Jalan Ampang, Kuala Lumpur, is planned for a third-quarter launch. It will feature some 1,000 units of high-end studios, one- and two-bedroom condominiums, priced above RM500 per sq ft each. The project worth a gross development value (GDV) of RM400 million is set for completion by the fourth quarter of 2013. The second project is a residential development in Bandar Sri Damansara which is awaiting approvals from relevant authorities. L&G plans to launch in four phases, starting at the end of 2010. The first phase, worth RM450 million, will feature upmarket condominiums.

(NST-4 Feb 2010)


Bukit Jalil project to boost Ho Hup revenue Top Ho Hup Construction Co Bhd aims to make at least RM300 million in annual revenue for the next 10 years, driven by developments at its 24ha land in Bukit Jalil, Kuala Lumpur. The company is planning what is known as Jalil Green City, an integrated commercial and residential development that could be worth up to RM2.5 billion. Its group managing director Lim Chin Choy said the original development plan has been revised. Jalil City will now have six high-end residential towers, three Grade-A MSC-status office buildings, a 12-storey office block and a 1.5 million square feet shopping mall. The development will also comprise five-to-eight-storey shop offices as well as recreational and green facilities. Jalil City is targeted to be an environment friendly and sustainable development. The buildings will incorporate green features.

(NST-3 Feb 2010)

Bukit Kiara Properties makes foray into Ampang Top Bukit Kiara Properties Sdn Bhd (BKP) plans to develop The Ambangan in the vicinity of Embassy Row in the U-Thant area of Ampang. The exclusive freehold five-storey condominium project will have only 19 units and will be sited on slightly less than an acre in Persiaran Madge. Each unit will have a built-up area of about 3,000 square feet.

(The Star-1 Feb 2010) Rendezvous Hotel targets niche market Top Rendezvous Hotel Kuala Lumpur, which is scheduled to open this July, expects to register operating profits within a year of business. This four-star 444-room business hotel located in Changkat Thambi Dollah, off Jalan Pudu, expects to fill between 55% and 60% of its room inventory and make an average of RM250 to RM280 per night in the first year.

(NST-30 Mar 2010) Owners told to move or face legal action Top Flat and shoplot owners of the Taman Keramat flats have two months to move out before legal action is taken against them. The 13 families, who live in the two blocks of flats facing the Jelatek light rail transit station, are refusing to move until they have been "properly compensated". PKNS is in the midst of acquiring the Taman Keramat flats for development. The four blocks of flats will be demolished to make way for the RM1.2 billion Datum Jelatek. PKNS and its subsidiary company, Worldwide Holdings Bhd, will develop Datum Jelatek on the 2.4 hectares plot next to the Jelatek LRT station. The project includes four 45-storey high buildings comprising residential and commercial units, a hotel and shopping mall.

(NST-29 Mar 2010) Flat Columbia to become Datum Jelatek Top The four blocks of PKNS Taman Keramat flats in Jalan Jelatek will be demolished to make way for the RM1.2 billion Datum Jelatek, a mixed development project to be completed in two years. Demolition works on the two blocks of flat have begun and is expected to be completed in July 2010.

(NST-27 Mar 2010)


The Haven to set benchmark Top The Haven, a RM250 million lakeside residential project in Tambun, Perak, will set a benchmark for high-end developments in the state, said property developer Superboom Projects Sdn Bhd. The project, which features Perak's tallest condominium blocks when completed in early 2013, is the first of its kind in the world. The Haven comprises three 26-storey blocks of luxury condominiums with green features. The units, priced from RM250,000 to RM1.4 million with sizes ranging from 958 sq ft to 4,345 sq ft, comes in 12 variations and have attracted buyers from Hong Kong, Vietnam and Singapore.

(NST-25 Mar 2010)

Govt to spend RM1b in Kota Iskandar Top The construction of six buildings expected to house more than 50 federal departments and agencies in Kota Iskandar here will commence next year. Johor Mentri Besar Datuk Abdul Ghani Othman said the buildings which cost RM1billion would be built in the northern part of Kota Iskandar, the new state administrative centre. The project is expected to be completed in two to three years.

(The Star-24 Mar 2010) Mah Sing plans to build homes in Sabah for MM2H buyers Top Mah Sing Group Bhd is looking for land in Sabah to build residential homes and villas for foreign buyers interested in the "Malaysia My Second Home" (MM2H) programme. Group managing director Tan Sri Leong Hoy Kum said the company is looking at buying land near the beaches or anywhere in a prime area, or with potential to become a prime area in future.

(NST-24 Mar 2010) Dorsett Intl may get second hotel in Johor Top Dorsett International Hotels & Resorts Sdn Bhd may own and manage a second hotel in Johor in the next three years. The proposed hotel, to be developed by a subsidiary of Malaysia Land Properties Sdn Bhd (Mayland) - Mayland Austin Sdn Bhd in Mount Austin, Johor, will however be positioned differently from the existing Dorsett Johor Hotel.

(NST-23 Mar 2010) Heritage boost for Penang Top Penang's Unesco world heritage site will soon boast of having the country’s first ‘cultural hotel’. Property owner K.H. Seah said three pre-war houses along Jalan Pintal Tali would be restored and re-opened as a high-end hotel to be named ‘1881 Chong Tian Cultural Hotel’.

(The Star-22 Mar 2010) Templeton buys 5% stake in developer KSL Top KSL Holdings Bhd plans to launch its maiden project in Klang within the next three months. The project is a mixed residential township worth a gross development value (GDV) of RM2.5billion.

(The Star-18 Mar 2010)


Magna Prima puts off land buy till June 19 Top Magna Prima Bhd’s plan to purchase two pieces of land in Kuala Lumpur for some RM58 million from Muafakat Baru Sdn Bhd is now extended by a further three months to June 19 2010. It plans to build a shopping mall and two blocks of serviced apartments worth some RM730 million on the 4.1 hectares.

(NST-18 Mar 2010)

Malton unit in Bukit Jalil joint development Top Malton Bhd, via wholly-owned subsidiary Pioneer Haven Sdn Bhd (PHSB), has signed a joint venture pact with Bukit Jalil Development Sdn Bhd (BJDSB) for the development of freehold land in Bukit Jalil worth RM2.5billion.

(The Star-18 Mar 2010) CMP to build high-end condos in Johor Baru Top Central Malaysian Properties Sdn Bhd (CMP) expects its Lido Boulevard waterfront project in Johor Bahru to boast of more than RM4 billion in gross development value (GDV) over five years. CMP will build, among other things, high-end condominiums, hotels, office suites, shopping malls, an indoor snow park, and an art and cultural centre on the 50ha site along the Tebrau Straits. It plans to develop high-end condominiums that may cost about RM1.5 million a unit. Called the "Lido Residences" will comprise 900-odd apartments over a 24-acre estate. The units will be fully furnished and will be facing Johor City as well as Singapore. It is expected to be completed in 2016.

(The Star-16 Mar 2010) Jaya Upaya sees brisk sales of new bungalows Top Jaya Upaya Corp Sdn Bhd is confident that its boutique bungalows at Milano@Kemuning will be fully taken up by the end of this month. According to Managing director Lee Cheng Bing, the company had already sold 50% of the 38 three-storey boutique bungalows. The bungalows were priced at RM1.5million to RM2.3million for lot sizes ranging from 4,000 to 7,500 sq ft. The project is worth a gross development value (GDV) of RM80 million and targets completion by the end of 2011.

(The Star-15 Mar 2010) Tune Hotels eyes UK hospitality sector Top Tune Hotels.com has recently entered into a strategic partnership with Queensway Group Ltd to invest in, develop and operate 15 hotels in London by 2017. The roll-out of the RM746 million investments, which involves around 1,500 hotel rooms, will commence with the launch of Tune Hotels.com-Westminister in the third quarter of 2010.

(NST-15 Mar 2010) Naim to launch four residential projects in Sarawak Top Naim Holdings Bhd is set to launch four new residential projects, comprising some 1,000 units with a combined gross development value (GDV) of RM360 million in Miri and Kuching over the next two years. The new


launches will include about 140 apartments in The Riveria that will offer a commanding view of Sungai Kuap and Sungai Merdang.

(The Star-15 Mar 2010) Sime Darby Property launching new project Top Sime Darby Property Bhd has launched its high end residential development called Seri Pilmoor at Ara Damansara. The project, with a gross development value of RM469 million, comprises 74 bungalow units and 34 semi-detached homes. The bungalows are priced from RM4.57million while the semi-detached units start from RM2.8 million. It plans to launch at least one project a month in the next six months.


SP Setia bags Vietnam deal Top SP Setia Bhd has in principle bagged a property project from Vietnam's Investment and Industrial Development Corp to develop a 10.8 hectares land in Binh Duong province, Vietnam, for a 50-year term. SP Setia said its subsidiary Setia Lai Thieu Ltd has received an investment certificate from the People's Committee of the Binh Doung Province for the establishment of Setia Lai Thieu One Member Co Ltd with a charter capital of US$6.5 million (US$1 = RM3.32). Setia Lai Thieu One Member Co will undertake the development of Eco-Xuan Lai Thieu, which features shop houses, terrace houses, semi-detached houses, commercial centres, club house and apartments.

(NST-12 Mar 2010) LBS Bina plans more launches Top LBS Bina Group Bhd plans to launch more new projects at Bandar Saujana Putra, Puchong, Batu Pahat and Cameron Highlands this year. Ivory Residences which located at Bandar Saujana Putra comprises 376 semi-detached cluster link units with built-up of 1,722 square feet and priced from RM339,900 to RM426,100. Ivory Residences would be developed in three phases with the first phase scheduled for completion in two years or earlier.

(NST-11 Mar 2010) Idea House expected to use GE tech, says Sime Top Sime Darby Property Bhd, is expected to enter into a partnership pact with General Electric Co within the next two to three weeks to deploy its sustainable products and technology for the Idea House project in Shah Alam, Selangor. The multi-million ringgit project, believed to be the first of its kind in the country, is a prototype dwelling where Sime Darby Property will systematically adopt the strategies used in the construction of the house for its future projects. Idea House is set to be ready and launched in May 2010.

(NST-11 Mar 2010) Gamuda Land in RM6bil Vietnam venture Top Gamuda Bhd’s wholly-owned unit, Gamuda Land (HCMC) Sdn Bhd, has signed a joint venture agreement with its Vietnamese partner, Sai Gon Thuong Tin Real Estate Joint Stock Co (Sacomreal) to develop a RM6 bilion project in Tan Phu District, about 9km from the central business district of Ho Chi Minh City. The project will comprise 7,000 units of medium-end and premium apartments with built-up from 700 to 1,500 sq ft, and 37,000


sq m of commercial space. The apartments will initially be priced from US$900 to US$1,100 per sq m while the commercial space will have an average price of US$2,650 per sq m.

(The Star-11 Mar 2010) Naza, TH Properties team up Top Naza Properties Sdn Bhd, a company under the Naza group, and TH Properties are expected to jointly develop a 52 high-end residential enclave bungalows with a gross development value of RM100 million at Bandar Enstek, Selangor. It is understood that the project, which is specifically targeted at the Malaysia My Second Home (MM2H) market, will see the properties bundled with vehicles from Naza.

(NST-10 Mar 2010) CP Land to build convention centre in Queensbay Top CP Land group is set to build an international convention centre incorporated into a five-star hotel in Queensbay, Bayan Lepas. The proposed hotel will form part of the 30ha Queensbay masterplan, of which 14ha has so far been developed.

(NST-10 Mar 2010) Bolton gears for RM1b property launches Top Bolton Bhd is targeting a gross development value of RM1 billion from four new properties to be launched this year. These projects include the redevelopment of the 12-storey "Bolton Court" in Bukit Ceylon, Kuala Lumpur, into a modern development comprising 33-storey condominium block, to be named "sixceylon". It will feature 215 condominium units with built-ups ranging from 696 sq ft to 1,555 sq ft and priced from RM600,000 to RM1.2 million. Sixceylon will be launched to the public in June, following which Bolton will introduce "Wharf", a mixed waterfront development in Puchong, Selangor, and "Arata" at Kenny Hills and "51 Gurney" at Persiaran Gurney in Kuala Lumpur.

(NST-10 Mar 2010) Permaju ventures into property development Top Permaju Industries Bhd, a timber company and car distributor, is diversifying into property development by buying 70% of Hardie Development Sdn Bhd for RM33.68 million cash. Hardie is jointly developing an integrated commercial and residential project known as Princess Heights in Sabah.

(NST-9 Mar 2010) Golden Horses to launch Palace Residence this year Top Golden Horses Development Bhd (GHD) plans to launch its RM600 million Palace Residence Suite this year and market its property to Asian investors. Palace Residence is located at the Mines Resort City in Seri Kembangan, Selangor will offer 226 one-bedroom suites with a built-up area of 500 sq ft, and 156 two-bedroom suites, ranging from 1,100 sq ft to 1,400 sq ft, as well as four penthouses. The suites are selling for RM900,000 to RM1.4 million each. The 19-storey Palace Residence, which is a combination of a hotel and condominium, will complement the 480-room Palace of the Golden Horses. Palace Residence will be built next to the five-star hotel and they will be connected by a bridge. Construction will start in the second half of 2010, and is due for completion within three years.

(NST-9 Mar 2010)


Hijjas Kasturi plans RM20 million boutique hotel in George Town Top Architect Hijjas Kasturi is refurbishing 15 shoplots within the Georgetown Heritage enclave to turn them into a RM20 million boutique hotel. The shoplots located along Clarke Road, Hutton Lane and Transfer Road will be turned into The Tanjung Penaga Boutique hotel with five family villas, eight suites and 32 rooms. Hijjas is also looking at buying another three shoplots in the area to serve as staff quarters and house additional facilities for hotel.

(TheEdge-8 Mar 2010) HSL plans ambitious La Promenade project Top Riding on the robust sales of its newly-launched guarded and gated residential estate The Leaf, Hock Seng Lee Construction Sdn Bhd has set its next ambitious target to build 1,000 high-end homes in a major mixed-development project in Sungai Kuap, along the Kuching-Samarahan Expressway. Named La Promenade, this single-biggest project ever undertaken by the property arm of Hock Seng Lee Bhd (HSL) will have a commercial centre of 200 shophouses, a shopping mall, two office blocks, a clubhouse and a man-made lake and recreational facilities. The project with a gross development value (GDV) of RM900 million would be launched in the second half of 2010.

(The Star-8 Mar 2010) Riverside hotel to be built Top A five-star hotel will be built next to Sungai Kinta by the end of 2010. The 19-storey Kinta Riverfront Hotel and Suites will have 313 units of mixed accommodation, including presidential, royal and deluxe suites. There will be 239 units of luxury service suites with two or three rooms.

(NST-6 Mar 2010) New building for Star radio stations and multimedia ops Top Star Publications (M) Bhd will soon have its own building to house its three radio stations and its expanding multi-media business at its current property at Section 13 here. The proposed development will comprise two office blocks, a commercial-cum-educational block of 20 storeys and a residential block of 15 storeys with a gross development value (GDV) of RM370 million. The project, expected to be completed within 60 months, will be developed on a piece of land owned by Star measuring 24,568 sq metres. Under the agreement between Star and JAKS Island Circle, Star will be entitled to 30% of the GDV or RM111 million, whichever is higher based on the plot ratio of 1:3.5. The cost of development, estimated at RM280million, will be borne by JAKS Island Circle.

(The Star-5 Mar 2010) Pantai to open RM500m hospital in Johor Top Healthcare group Pantai Holdings Bhd is scheduled to open a RM500 million hospital in the Iskandar region in Johor. According to the hospital's chairman Tan Sri Khatib Abdul Hamid, the 400-bed hospital will also have a centre of excellence and a nursing college. It is set to be ready within five years.

(NST-5 Mar 2010)


MEGA DEALS Gadang unit in land deal Top Gadang Holdings Bhd wholly-owned subsidiary, Natural Domain Sdn Bhd has inked a sale and purchase agreement with GSS Properties Sdn Bhd yesterday to buy the residential land measuring 4.9ha for RM33 million.

(NST-28 Jan 2010) Railway land to be sold to Perak govt Top The Federal Government has agreed to sell 94.5ha of land between Taiping and Kuala Sepetang, then known as Port Weld, to the Perak government for RM38 million to allow it be converted for residential use. The land was initially reserved for the building of a railway during the tin rush in the 19th century, but railroad operations ceased since 1941.

(NST-28 Jan 2010) Axis REIT eyes RM1b asset base Top Axis REIT Managers Bhd, the manager of Axis Real Estate Investment Trust (REIT), plans to acquire three to five properties in 2010 and raise RM113million this year. Its target to buy two new logistics warehouses in Johor, a factory or warehouse in Puchong and an office building in Cyberjaya worth RM180million.

(NST-22 Jan 2010)

Khind buying factories for rental income Top Khind Holdings Bhd, a manufacturer of household electronic products is buying two semi-detached factories for RM6.6 million from Multi Synergy Group Sdn Bhd. The yet-to-be-built properties are located in Mukim Damansara in Petaling Jaya.

(NST-19 Jan 2010) Selangor wants to acquire AmFIRST land Top Selangor state government wants to acquire a piece of land in front of the The Summit Subang USJ for the light rail transit extension project. The land, measuring 0.412ha, comprises 159 accessory parcels in the form of car park bays attached to two plots of land that are owned by AmFIRST REIT.

(NST-19 Jan 2010)

AmanahRaya REIT to buy two buildings for RM227million Top AmanahRaya REIT has proposed to acquire two properties valued at a total of RM227 million from Amanah Raya Bhd. The properties are six-storey Selayang Mall at Gombak and a 13-storey stratified office building which forms part of the Dana 1 Commercial Centre in Petaling Jaya known as Dana 13.



MAXBIZ to sell two properties to JPC Top Maxbiz Corp Bhd has inked a pact to sell two properties in Malacca to JPC Property Management Sdn Bhd for RM22.65 million.

(NST-15 Jan 2010) I-Bhd unit sells five floors for RM4.94m Top I-City Marketing Sdn Bhd a wholly owned subsidiary on I-Bhd, has inked a pact with Sumurfields Sdn Bhd for the sale of five floors of strata cyber offices suites located at CityWalk in i-City, Shah Alam with a total nett floor area of 8,482sq ft, for RM4.94million.

(NST-15 Jan 2010) Sutera Harbour Resort up for sale? Top According to a sources, Sutera Harbour Resort in Kota Kinabalu, Sabah, is up for sale for an estimated RM1.5 billion. The resort sprawling over 155.5 ha, comprises of two 5-star hotels, The Pacific Sutera (500rooms) and The Magellan Sutera (456 rooms). The property is understood to be owned by Singaporean Datuk Edward Ong Han Nam through OCK group of companies.

(NST-11 Jan 2010) Pricewood to sell building Top Pricewood Products Bhd has signed a pact to sell a nine-storey building in Sandakan, Sabah to Rickoh Holdings Sdn Bhd for RM20 million.

(NST-8 Jan 2010) Prinsiptek sells land for RM13.5 million Top Prinsiptek Corp Bhd is selling a piece of 99-year leasehold land measuring 1.63ha at Taman Selaseh, Gombak to Creme De La Creme Couture Sdn Bhd for RM13.5 million.

(NST-6 Jan 2010) SCAN buys shop office Top Scan Associates Bhd is buying a shop-office unit in Fraser Business Park, Kuala Lumpur from Amity Corp Sdn Bhd for RM4.8 million, to house its research and development centre cum corporate office.

(NST-6 Jan 2010) Hwang-DBS buys properties for RM46m Top Hwang- DBS (Malaysia) Bhd has bought a three-storey office building and two-storey detached house annexed to a single-storey building in Ampang for RM45.7 million. The properties will be used to house its operations in Kuala Lumpur.

(NST-24 Feb 2010)


Mah Sing in land deal Top Mah Sing Group Berhad through its wholly-owned subsidiary Myvilla Development Sdn Bhd has signed a Sale and Purchase Agreement with Cyberview Sdn Bhd and Setia Haruman Sdn Bhd to purchase land in Cyberjaya. A total of RM21.74 million is offered for the 6.32 acre of the freehold commercial plot which is adjacent to Mah Sing Group’s 115.25 acre Garden Residence project.

(NST-23 Feb 2010) Ibraco buying 15.69ha in Kuching Top Ibraco Bhd is buying a piece of land measuring 15.69ha in Muara Tebas Land District, Kuching, Sarawak, for RM22 million.

(NST-23 Feb 2010) Mah Sing acquires land Top Mah Sing Group Bhd has exercised its option to buy a piece of commercial land in Sepang, Selangor. It will pay RM21.74 million or RM79 per square foot to Cyberview Sdn Bhd for the extra 25,570 square metres plot. The company plans to do a commercial development encompassing lifestyle retails and service apartments on the land.

(NST-11 Feb 2010) Mah Sing unit to buy land for RM45.5m Top Mah Sing Group Bhd’s wholly owned unit Multi Synergy Group Sdn Bhd has inked a pact to acquire 7.67ha of freehold industrial land in Hicom Industrial Estate, Shah Alam, from Quill Industrial Properties Sdn Bhd for RM45.5million cash. The land, priced at RM54.45 per sq ft, would be developed into iParc 2@Shah Alam, an industrial development with an estimated gross development value (GDV) of RM143million.


Kwantas to buy land in Sabah for RM83m Top Kwantas Corp Bhd unit Aman Bersatu Sdn Bhd has inked a sale and purchase agreement with Dataran Indah Jaya Sdn Bhd to acquire 1,360ha of leasehold land in Kinabatangan, Sabah, for RM83.30mil. The acquisition is set to be completed in the second quarter of 2010.

(The Star-5 Feb 2010) Ampwalk owners said to be in talks to sell property Top According to sources, Ampwalk, a retail-cum-office building in Jalan Ampang, Kuala Lumpur, has been put up for sale for an estimated RM85 million. Ampwalk, located next to The Nomad Sucasa All Suites Hotel, is owned by Permata Alasan Sdn Bhd, a 50-50 joint venture between IGB Corp Bhd and Wearne Brothers (Pte). The retail component, which Permata wholly owns, measures 65,000 sq ft, while the office component measures 70,000 sq ft. Some office spaces have been sold to individual owners.

(NST-4 Feb 2010)


Bolton LYL buys land for RM39 million Top Bolton Bhd via subsidiary Bolton LYL Sdn Bhd has entered into a deal with Intrapuri Sdn Bhd to acquire about 5.5 acres in Jalan Peel, Kuala Lumpur, for RM39 million cash. The proposed development of the land would consist of medium high-end service apartments with podium car parks and facilities with an estimated gross development value (GDV) and gross development cost (GDC) of RM280million and RM220million respectively.

(The Star-30 Mar 2010) SP Setia buying Melbourne site for RM92 million Top SP Setia Bhd has bought a piece of land in Melbourne, Australia, for A$30 million (RM90 million) to undertake a high-density inner-city integrated residential and commercial project. Its wholly-owned subsidiary, Setia International Ltd, signed a deal yesterday to buy the 4,340 sq m land, held under several certificates of titles, from S.L. Nominees Pty Ltd and Jonquil Pty Ltd.

(NST-30 Mar 2010) Harbour Link buys land Top Harbour-Link Group Bhd’s unit Harbour-Link Logistics Sdn Bhd (HLL) has agreed to buy a 39,569 sq m land from PME Biofuels (M) Sdn Bhd in Bintulu, Sarawak, for RM7.2 million. The company will use the land as warehouse and will be owner-occupied or rented to outsiders for future business expansion.

(NST-25 Mar 2010) Talam unit sells land for RM35million Top Talam Corp Bhd subsidiary Galian Juta Sdn Bhd has signed two sale and purchase agreements with Malaysian Allied Health Sciences Academy Sdn Bhd to dispose of two pieces of land for RM35.4million.

(The Star-23 Mar 2010) LFE unit sells land for RM4.9million Top LFE Corp Bhd’s 51%-owned subsidiary Bestgate Development Sdn Bhd (BDSB) has inked a pact with Adept Development Sdn Bhd for the disposal of 116 pieces of freehold land for RM4.9million cash.


KPS paying RM7m for Wisma SAP Top Kumpulan Perangsang Selangor Bhd (KPS) is buying Wisma SAP, a 3-storey office block with a basement carpark at Bandar Baru Selayang for RM7 million.

(NST-16 Mar 2010)


Hektar REIT sells land to Govt Top Hektar Asset Management Sdn Bhd, the manager for Hektar REIT, has announced the Government has acquired 0.1331 ha from Hektar REIT. The deal, done under the Land Acquisition Act 1960, was for the proposed extension of the Kelana Jaya Light Rail Transit Phase Two project in Subang Jaya.


Al-'Aqar REIT to buy six properties Top Al-'Aqar KPJ real estate investment trust (REIT), represented by its trustee AmanahRaya Trustee Bhd, has proposed to acquire six properties, including Kulim (M) Bhd's 16-storey Menara Ansar in Johor Bahru, for a total value of RM302.9 million. Four of the properties are hospitals, of which two are in Indonesia.


Kulim sells property Top Diversified palm oil group Kulim (M) Bhd is selling its property Menara Ansar in Johor, to AmanahRaya Trustees Bhd for RM105 million.

(NST-10 Mar 2010) UOA REIT may buy 2 buildings Top UOA Real Estate Investment Trust (REIT) is considering a plan to buy two office blocks in Kuala Lumpur for RM500 million. The assets were Parcel B Menara UOA Bangsar and Wisma UOA Damansara II, priced at RM289 million and RM211 million respectively. Parcel B Menara UOA Bangsar, located in Jalan Bangsar Utama 1, comprises a tower block with 15 levels of office space, three levels of retail podium, six levels of elevated car park and four levels of basement parking. Wisma UOA Damansara II, located at Changkat Semantan, comprises a 16-storey office building and five levels of basement parking.

(NST-9 Mar 2010)

NSTP sells land to Megah Selesa Top The New Straits Times Press (Malaysia) Bhd (NSTP) has sold a plot of land in Shah Alam to Megah Selesa Development Sdn Bhd for RM15.9 million.

(NST-5 Mar 2010)

Kian Joo sells land for RM6.2million Top Kian Joo Can Factory Bhd would be disposing a piece of freehold vacant land measuring about 21,127 sq ft at a consideration sum of RM6.2million to MWE Properties Sdn Bhd.



RETAIL CORNER’S Panasonic Malaysia plans 50 Lumix outlets by March Top Panasonic Malaysia Sdn Bhd plans to open 50 new Lumix outlets throughout the country by end-March 2011. Its managing director, Tony Endoh, said the Lumix stations will be located at popular high traffic shopping malls in major towns nationwide, in order for more consumers to experience Panasonic's latest digital products. The company is targeting to open around 20 outlets by end- March.

(NST-25 Jan 2010) GCH Retail plans 3 distribution centres Top GCH Retail Malaysia Sdn Bhd plans to spend RM225million to build three distribution centres in three years as part of the effort to strengthen its supply chain infrastructure. The company would build two distribution centres, one in the northern region and the other in the southern region, costing RM80 million each. GCH also plans to invest another RM65 million to build a distribution centre in Simpang Pulai, Perak, and plan another in Kuala Lumpur.

(The Star-19 Jan 2010) Amway's new RM100m HQ to boost growth Top Amway (Malaysia) Holdings Bhd has spent RM100 million in its new headquarters located on 1.8ha site in Petaling Jaya. It houses a concept shop, brand centre, training centre and larger warehouse with digital picking system.

(NST-19 Jan 2010) Poh Kong opening more outlets by July Top Jeweller Poh Kong Holdings Bhd plans to invest up to RM9 million to open two or three more outlets in Peninsular Malaysia by July. Currently, it has 95 outlets in the country, out of which one is a franchised operation in Kota Kinabalu. According to executive chairman and group managing director Datuk Eddie Choon, they also plan to expand our outlets in Sabah and Sarawak through franchising.

(NST-18 Jan 2010) Carrefour opens another outlet in Kota Damansara Top Carrefour Malaysia has opened yet another store in Petaling Jaya this time in Kota Damansara. This new store boasts more shopper-friendly facilities and systematic organisation of more than 60,000 products to reinforce this concept.



T.G.I. Friday’s target market is driven by value and not price Top T.G.I. Friday’s restaurant plans to open five new outlets locally in three years involving an investment of about RM10million. There are currently 13 T.G.I. Friday’s restaurants in Malaysia in the Klang Valley, Penang and Johor which is owned and operated by the licensed franchisee Chaswood Resources Sdn Bhd.


Carrefour opens its 22nd store Top Carrefour is on a roll with the opening of its 22nd store in Malaysia, its third in a week. One of the largest hypermarket chains in Malaysia, Carrefour’s latest store in Bukit Rimau, Shah Alam, is open for business.


Chaswood seeks franchisees to expand Teh Tarik Place Top The owner, Chaswood Resources Sdn Bhd, which runs a stable of restaurants like TGI Friday's, Italiannies, and The Apartment, are now looking for people to franchise the Teh Tarik Place. Chaswood Resources Sdn Bhd executive director Joannis Martin Beins said there are now six outlets in the Klang Valley and the next store will open in Subang Jaya. The company is targetting to open two more Teh Tarik Place by the end of the year but we are not sure of the locations yet.

(NST-17 Feb 2010) QSR eyes 20 new outlets, optimistic of better sales Top QSR Brands Bhd, which operates the Pizza Hut and KFC fast-food chains, plans to invest close to RM20 million to open 20 new outlets nationwide this year. Despite the economic slowdown last year, the group opened 21 new stores, bringing the total to around 250 restaurants in Malaysia and Singapore. Each outlet costs about RM900,000. QSR also plans to open more Pizza Hut restaurants in Singapore where it has 45 outlets. It also wants to open one in Cambodia this year.

(NST-11 Feb 2010) KFCH to invest RM3m in 5 new Rasamas outlets Top Rasamas franchisee, KFC Holdings (Malaysia) Bhd (KFCH), will open five new restaurants this year, managing director Jamaluddin Md Ali said. The chicken speciality restaurants will cost RM3 million. KFC has at present 43 Rasamas restaurants, including three in Brunei. Each outlet will cost KFCH about RM600,000.

(NST-9 Feb 2010) Chain Carrefour opens first outlet in Negeri Sembilan Top The opening of French hypermarket chain Carrefour’s first outlet in Negri Sembilan in Rahang recently had customers lining up outside its doors from as early as 8am. The outlet, the chain’s 21st store in the country, was opened by Mentri Besar Datuk Seri Mohamad Hasan. Located just 10 minutes away from the town centre, the latest Carrefour outlet occupies 4,077 square metres with more than 60,000 products in its store.



McDonald’s plans 30 outlets outside Klang Valley Top McDonald’s Malaysia, the operator of McDonald’s fast-food chain, has targeted to open 30 more branches nationwide within the next three years. Senior director Chan Chee Chin said the new branches would be located outside the Klang Valley. Within the period concerned, we will be opening more branches in areas like Alor Setar, Langkawi and Teluk Intan to avoid branches being concentrated in a single area like the Klang Valley, he said. McDonald’s currently has 194 outlets nationwide, with 21 of them being managed by 10 franchise holders.

(The Star-8 Feb 2010) QSR expanding in Cambodia Top QSR Brands Bhd plans to open five new Kentucky Fried Chicken (KFC) outlets and its first Pizza Hut restaurant in Cambodia this year. The three new KFC outlets would be in Phnom Penh city, and one each in Kampong Cham, about a two-hour drive from Phnom Penh, and in Battambang, near the Thai border.


GCH setting up Giant hypermarket in Sarawak Top GCH Retail (Malaysia) Sdn Bhd, which operates the Giant, Guardian and Cold Storage outlets, has signed a 15-year tenancy deal with Naim Realty (Malaysia) Sdn Bhd to set up second hypermarket in Sarawak. According to GCH Retail chief operating officer Tom Herriot, they have invested more than RM12 million in the Giant Permy Mall, a two-storey shopping mall with a gross floor area of 269,000 sq ft over 8.5 acres (3.44ha). The Giant hypermarket is expected to commence operations by the third quarter of 2011.


Parkson on expansion drive Top Department store operator Parkson Holdings Bhd will invest some RM250 million this year to refurbish and increase retail space by a fifth across China, Malaysia and Vietnam. The Malaysian retailer is looking at adding 12 new stores in the three countries, bringing the total number of stores to 97 by year-end. Parkson is also expected to start construction of its first outlet in Cambodia in the next few months, with opening scheduled for 2012.

(NST-31 Mar 2010) Coming up 40 more KFC outlets in M'sia this year Top KFC Holdings (M) Bhd (KFCH) plans to spend RM40million to open 40 new Kentucky Fried Chicken (KFC) outlets in Malaysia this year. Chairman Tan Sri Muhammad Ali Hashim said the move would bring the total number of KFC outlets in the country to 518 from 478 outlets presently. The new outlets would include some drive-thru outlets combining KFC outlets and Pizza Hut Restaurants, with each drive-thru outlet costing RM5million to open.



Habib opens boutique at Mid Valley Top Habib Holdings Sdn Bhd has invested an initial RM10 million to open a new jewellery boutique at Mid Valley Megamall in Kuala Lumpur. Managing director Datuk Meer Sadik Habib said the company also plans to open two more such boutiques this year.

(NST-26 Mar 2010) Tangs to open in Subang Jaya Top Tangs Department Store Sdn Bhd announced its retail expansion plan for the company with the opening of a new concept store at Empire Gallery Subang in early June. This will be Tangs's second store in Malaysia and its fourth store in Asia. Spanning over two levels at approximately 2,760 sq m, the new retail store will showcase a brand portfolio representing the latest merchandise including clothing for men, women and babies; accessories and home products.

(NST-20 Mar 2010) More Kenny Rogers outlets coming up Top Berjaya Roasters (M) Sdn Bhd, the operator of Kenny Rogers Roasters, is looking to add 10 restaurants by its next financial year. Executive director Datuk Francis Lee said it has 63 restaurants in Malaysia, 47 owned by the company and the remaining managed by franchisees. Each restaurant will cost between RM600,000 and RM800,000.

(NST-19 Mar 2010) New identity for shopping mall Top The Mines Shopping Fair in Seri Kembangan is now known as The Mines, following its acquisition by Singapore-based company CapitaLand through its indirect subsidiary, Mutual Streams Sdn Bhd (MSSB). The total nett lettable area of the shopping mall is about 66,890 sq m with an occupancy rate of 98%, compared with 59,458 sq m with an occupancy rate of 83% on acquisition.

(The Star-17 Mar 2010) Din Baker aims to whip up better revenue via new outlets Top Din Baker Handel Sdn Bhd (DBHM), which runs bakery outlets "The Bakery Moment", hopes to almost triple its revenue to RM10 million this year, by expanding the number of outlets in the country. DBHM country manager Shahrul Nafry said their first outlet in Malacca will be opening soon and will open another 10-15 outlets (nationwide) this year.

(NST-10 Mar 2010) Tesco plans five new stores this year Top Tesco Stores (Malaysia) Sdn Bhd plans to open five more hypermarkets with investments amounting to RM400million, bringing the number to 38 stores nationwide by year’s end. Among the locations are Kulim in Kedah, Old Klang Road in Kuala Lumpur and Malacca.



RM10m for 10 new A&W outlets Top KUB Malaysia Bhd, through its subsidiary, A&W (Malaysia) Sdn Bhd, plans to invest about RM10 million to open 10 more A&W outlets in Peninsular Malaysia this year. KUB, the franchise holder of A&W fast food chain restaurants in Malaysia and Thailand, is currently managing 40 outlets in the peninsula, of which four restaurants are operating 24 hours.

(NST-5 Mar 2010) Mydin to build its biggest hypermart in Kota Baru Top Mydin Mohamed Holdings Bhd, the operator of the locally-owned Mydin wholesale stores and hypermarkets, plans to set up its biggest hypermarket in the country at the Tunjong new township in Kota Baru soon. The RM200 million hypermarkets, expected to be completed by 2012 will be built on a 7.2 hectare site about five kilometres from the town centre. Mydin managing director Datuk Ameer Ali Mydin said the Kelantan government was in the final phase of acquiring the land for the project from its owners and the ground works were expected to start in May.

(NST-4 Mar 2010)

The information contained herein is available to the public and have been derived from sources which we believe to be reliable. This publication is on the basis that the information made available to us is accurate and complete. However, we cannot guarantee its accuracy or completeness. JS Valuers Group accepts no responsibility if this should prove otherwise. No liability can be accepted for any loss arising from the use of this publication. For more information, please contact: Mr. Chan Wai Seen Director, Research & Consultancy Tel: 603-2162 4133 Email: [email protected] Fax: 603-2162 4188 Website: www.jsvaluers.com.my All Rights Reserved Copyright© 2006 JS Valuers Research & Consultancy Sdn Bhd

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