re vi ew of ma la ys ia n prop er ty ma rk et (0 8/ 09 ) · js value rs pr op erty co ns ultan ts...

JS VAL UE RS PR OP ER TY CO NS ULT AN TS

Gross Domestic Products (GDP)

The Malaysian economic growth for 3Q08moderated to 4.7%, after recording stronggrowths of 7.4% and 6.7% in 1Q08 and2Q08, respectively. The lower growth wasattributed to the rising inflation, triggered bythe 40% increase in the petrol price, fromRM1.92 per liter to RM2.70 effective June2008.

The bankruptcy filing by Lehman Brothers inSeptember 2008 heightened the beginning ofthe global financial crisis, which has led USand Europe governments to initiate multibillion bailout packages to rescue the finan-cial institutions. The financial crisis hasprompted global economic slowdown withseveral countries facing potential economicrecession.

Inflation

The escalating global fuel prices since 2007have continued to push the country’s infla-tion. Effective June 2008, the country’s fuelprice has been pegged against the global fuelprice, which has prompted the country’s fuelprice to increase by about 40%, has pushedup the country inflation to 7.7% in June andabout 8.5% in July and August 2008.

The inflationary pressures eased towards theend of 2008 (to 4.4% in December 2008),encouraged by the declining global fuelprices. The global fuel price declined to be-

low USD40 per barrel in early 2009 from thepeak of USD146 per barrel in July 2008. Cor-respondingly, crude palm oil prices and thecosts of construction materials have also de-clined.

Interest rates

In February 2009, Bank Negara Malaysia(BNM) reduced the Overnight Policy Rate(OPR) by 75 basis points to 2.5% to promoteeconomic growth amid the downside risks toeconomic growth. As a results, most financialinstitutions have reduced the Base LendingRate (BLR) to between 5.95% and 6%. Thereduction was the second reduction after a25-basis point cut in November 2008.

BNM has also reduced the Statutory ReserveRatio (SRR) to 2% from 3.5%, effective 1stFebruary 2009. The reduction will injectmore liquidity in the banking system, allow-ing banks to lend more to finance economicactivities.

R E V I E W O F M A L A Y S I A N E C O N O M YCONTENT

Review of MalaysianEconomy

1

RM7b stimulationpackage

5

Review of MalaysianProperty Market

7

Impact of the fuelprice increase andglobal financial crisis

10

Major Market Activi-ties in 2008

13

Major CorporateDeals

31

2009 Budget Review 3

Property Market Out-look

11

Re vi ew of Ma la ys ia n Pr op er ty Ma rk et (0 8/ 09 )

% change (yoy)

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

Jan

-08

Feb-

08

Mar

-08

Ap

r-08

May

-08

Jun-

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Jul-

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Au

g-08

Sep-

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Oct

-08

Nov

-08

Consumer Price Index

GDP (RM million)

110,000

115,000

120,000

125,000

130,000

135,000

140,000

07-1Q 07-2Q 07-3Q 07-4Q 08-1Q 08-2Q 08-3Q

Growth (%)

0%

1%

2%

3%

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5%

6%

7%

8%

GDP (RM mil) Growth (%)

“The Malaysianeconomic growth for3Q08 moderated to

4.7%, afterrecording strong

growths of 6.7% and7.4% in 2Q08 and1Q08, respectively”

Interest rate

0%

1%

2%

3%

4%

5%

6%

7%

8%

Jan-

08

Feb-

08

Mar

-08

Apr

-08

May

-08

Jun-

08

Jul-0

8

Aug

-08

Sep-

08

Oct

-08

Nov-

08

Dec

-08

Jan-

09

Feb-

09

BLR 12-month fixed deposit

Review of Malays ian Proper ty Market (08/09)

As a result of the reduction, the deposit rates,including the fixed deposit rates are expectedto reduce. As at December 2008, the interestrates for 1-month and 12-month fixed depos-its were 3% and 3.5%, respectively.

Global economy

The bankruptcy filing by Lehman BrothersHoldings Inc in September 2008, marked thebeginning of the global financial crisis in USand Europe. The financial crisis is the conse-quential effect of the US sub-prime crisis,which erupted in the middle of 2007. Thefinancial crisis has caused the global sharemarkets to plummet.

The failing of major financial institutions inUS and Europe has prompted governmentsworldwide to introduce various bail-out andeconomic stimulation packages to revive thebanking systems and economic progression intheir countries. In spite of these packages, thenegative impact is expected to trigger a slowdown in the global economy in 2009.

The recent military attacks by Israel on Pales-tine has not only created global market uncer-tainties, global fuel prices have also signalingan upward trend. The crude oil future wastrading at USD47 per barrel from belowUSD40 per barrel. The increase created fearthat the crude oil price may increase again.

The impact of the financial crisis on theglobal economy is imminent. The economicgrowth for Singapore slowed to 1.5% in 2008compared with 7.7% growth in 2007. In2009, Singapore’s economic growth is fore-casted to be between –2% and 1%, downfrom the earlier forecast of 1% to 2% made inNovember 2008.

Malaysian Economic Outlook

With the anticipated reduced demand for in-dustrial products, the country’s industrialoutput is expected to reduce. In view of this,companies may resort to retrenchment to re-duce their operational costs if the demand

continues to decline. Unemployment rate isexpected to increase to about 4%. Multina-tional companies that have announced clo-sures or restructuring of their manufacturingplants in Malaysia include Intel, Sony Corpand Panasonic.

Most companies, particularly public listedcompanies are expected to report “lower thanforecasted” financial results in 2009 in viewof the poor market condition. As a result, thestock market is not expected to perform fa-vourably in 2009, especially during the firsthalf.

With the inflationary pressure eases to about3% to 4%, the government is expected toadopt and implement measures to promoteeconomic growth within the country.Amongst the measures announced includelowering of the BLR, expansionary 2009Budget and RM7 billion stimulation package.

With low inflation rate, Bank Negara Malay-sia (BNM) is expected to reduce the over-night policy rate (OPR) again in 2009 tostimulate the country’s economy. The cut willreduce the BLR further from the current5.95%. The reduction also corresponds withthe interest rate cuts by other countries.

While most countries have undertaken vari-ous measures to stimulate their economies,however, no significant improvement is an-ticipated, especially during the first half of2009. The economic recovery will dependgreatly on the containment of the crisis andeffectiveness of the stimulation packages.

Ministry of Finance has revised downward itseconomic growth forecasts for 2008 and 2009to 5% and 3.5% from earlier 5.7% and 5.4%,respectively. The government promises addi-tional stimulation packages in the event thatthe country’s economy worsens.

Private analysts such as Malaysian Instituteof Economic Research (MIER) and Citi In-vestment Research have forecasted lowerGDP growths of 1.3% and 0.5%, respectivelyfor 2009. Both analysts expects Malaysianeconomy to enter into a technical recessionduring the first half of 2009.

R E V I E W O F T H E M A L A Y S I A N E C O N O M Y

“No significantimprovement is

anticipated,especially in the first

half of 2009. Theeconomic

progression willdepend greatly onthe containment ofthe financial crisisand effectiveness of

the stimulationpackages”

“Despite thedepressing economic

outlook, thegovernment

maintained itsgrowth forecast of3.5%, promising

additionalstimulationpackages to

stimulate theeconomy ifnecessary”


“The Budget 2009 isfocused on

enhancing the wellbeing of allMalaysians,

specifically tocounter the

inflationary threatsaffecting the people”

2 0 0 9 B U D G E T R E V I E W

The 2009 Budget is focused on enhancing thewell being of all Malaysians, e.g. which wasthemed ‘A Caring Government’. Overall, thebudget will focus on three specific strategies:

Ensuring the well being of Malaysians Developing Quality Human Capital

Strengthening the Nation’s Resilience

The budget deficit for 2008 is expected toexpand to 4.8% of the Malaysian GDP, whichis higher than the original 3.1% target. Thegovernment expects the fiscal deficit to re-duce to 3.6% in 2009. Overall, the govern-ment allocated RM207.9 billion for the 2009Budget, which is 5.1% higher than the re-vised allocation for 2008.

^ Estimated Income

^ Proposed Expenditures

Various measures have been proposed to helpthe Malaysians, such as increase of tax rebatefrom RM350 to RM400 per head, reductionof the highest tax rate for individuals from28% to 27%, reduction of import duties onselected consumer products, tax exemptionon interest income and many others.

Amongst the measures proposed to encouragehouse ownership are as follows:

For purchase of medium cost houses upto RM250,000, the 50% stamp duty ex-emption is extended to loan agreements

The fund under the Housing Credit Guar-antee Scheme (SJKP) will be increasedto RM100 million from RM50 million.The scheme has been rolled out to alllocal financial institutions

To provide low cost housing, SyarikatPerumahan Negara Berhad will construct33,000 low cost houses and a sum ofRM330 million is provided to JabatanPerumahan Negara to complete 6,500units under Program Perumahan Rakyat

The government will upgrade the termsof housing loans for the civil servants

In view of the increasing fuel prices, therehas been pressing needs to improve the publictransportation. Hence, the following has beenproposed under the 2009 Budget:

The services of RapidKL and Rapid-Penang to be improved

RM35 billion will be expended duringthe 2009 to 2014 to enhance the capacityof existing rail services, build new railtracks, increase the number of buses, aswell as better infrastructure facilities

The existing LRT system in the KlangValley will be extended by 30 km, whichis 15 km each for the Kelana Jaya andAmpang lines. The extension is sched-uled for completion in 2011

(cont…)

Income taxes43.0%

Non-taxrevenue &ot her taxes

26.9%

Export dut ies1.5%

Borrowings anduse of gov

assets14.4%

Import duties1.1%

Other indirecttaxes13.1%

Debt servicecharges6.5%

Supplies &services12.9%

Otherexpenditures

14.7%

Subsidies16.4%

Emolument18.4%

Security2.0%

Social services8.6%

Economicservices13.5%

Generaladministration

1.0%

Pensions andgratuit ies

3.5%Grants &

transfers tostate govt

2.4%

“One of the keymeasures announced

under the 2009 Budgetis to improve the

public transportations,which include

extension and newLRT lines in Klang

Valley”


2 0 0 9 B U D G E T R E V I E W

Increasing the train capacity. 35 traincarriages for the Kelana Jaya line hasbeen procured and will be fully opera-tional by early 2010

A new LRT line will be built along 42km route from Kota Damansara toCheras. This line is scheduled for com-pletion in 2014

Improvement of the KL Monorail

Improvement of KTM Komuter services,which includes rehabilitation works onthe existing 20 Electric Multiple Units(EMU) and additional 13 EMUs will beacquired and operational by 2011.

A 7.5 km Sentul-Batu Caves line is un-der construction and is expected to becompleted by 2010.

Double tracking Electric Rail for Serem-ban-Gemas and Ipoh-Padang Besar areexpected to be completed in 2012 and2013, respectively

An integrated transport terminal is beingbuilt in Bandar Tasik Selatan, to providefacilities for inter-urban taxis and busesand will provide connectivity to the Am-pang line, ERL and KTM Komuter. Theterminal is expected to be operational in2011

The government has also allocated aboutRM8.4 billion to improve the public ameni-ties in the country, which large proportions ofabout RM6.6 billion being allocated to Sabahand Sarawak, each state receives aboutRM3.3 billion.

The government is also committed to pro-mote growths within the five economic corri-dors, which are Iskandar Malaysia, NorthernCorridor Economic Region (NCER), EastCoast Economic Region (ECER), SarawakCorridor of Renewable Energy (SCORE) andSabah Development Corridor (SDC). An ad-

ditional allocation of RM300 million is pro-vided under the Strategic Investment Fund tofinance the implementation of private-publicpartnership projects.

To promote tourism development, new in-vestments by 4-star and 5-star hotel operatorsin Sabah and Sarawak will be given PioneerStatus with 100% income tax exemption orInvestment Tax Allowance of 100% for 5years. The government will also allocateRM50 million for conservation works of heri-tage sites in Melaka and Pulau Pinang.

Under the 2009 Budget, various measureswere also introduced to enhance the humancapital development, ensuring public safety,promoting growth in the Venture Capitalcompanies, maritime sector, SMEs and manyothers.

Impacts of 2009 Budget on MalaysianProperty Market

Most of the measures introduced under 2009Budget are to counter the negative effects onthe Malaysians as a result of the high infla-tion rate and fuel prices. Specific emphasishas been placed on improving the spendingpower of the people, reducing the prices ofconsumer products as well as to improve thepublic transportation system.

The low to medium income population aswell as government servants will benefitfrom the partial exemption on the stamp duty,more attractive government housing loans aswell as the Housing Credit GuaranteeScheme to promote house ownership by thepoor.

The proposed new and extension of LRTlines will create demand for properties aroundthe new LRT lines. While the alignment ofthe LRT lines has yet to be finalized, severallocations such as Subang Jaya, Puchong,Kota Damansara, Bandar Utama, Cheras andthe surrounding areas have been identified asthe potential locations of the new LRT sta-tions.

(cont…)

“The government iscommitted to promotegrowths within the fiveeconomic corridors inMalaysia, which areIskandar Malaysia,Northern CorridorEconomic Region

(NCER), East CoastEconomic Region(ECER), Sarawak

Corridor of RenewableEnergy (SCORE) andSabah Development

Corridor (SDC)”


“The proposed newand extension of LRT

lines will createdemand for propertiesaround the new LRT

stations, in view of thegrowing importance ofpublic transportation

resulted from theincreasing fuel prices”

2 0 0 9 B U D G E T R E V I E W

Generally, there are a number of infrastruc-ture projects being introduced under the 2009Budget, particularly the new LRT lines, KTMdouble tracking, integrated bus terminal andpublic amenities that could promote propertydevelopments and opportunities in the sur-rounding areas. Notwithstanding this, thegovernment may postpone several infrastruc-ture projects in view of the prevailing global

financial crisis.

Generally, 2009 Budget is not expected tofavourably improve the country’s propertymarket outlook in the short term. The highimpact infrastructure projects, which willonly be completed after 2010, will only pro-mote demand for properties sited around theprojects and not the market as a whole.

R M 7 B I L L I O N S T I M U L A T I O N P A C K A G E S

Amid the global financial crisis, the govern-ment has announced a RM7 billion fund inNovember 2008 to stimulate the country’seconomy. The stimulation package will befinanced by the savings from the fuel subsidyand is not expected to increase the Budgetdeficit.

Amongst the key measures announced are:

RM1.2 billion to build 25,000 units oflow and medium cost houses

RM500 million to upgrade, repair andmaintain police stations and quarters, andarmy camps and quarters

RM200 million to revive abandonedhousing projects

RM600 million for minor public andbasic infrastructure projects such as vil-lage roads, community halls and smallbridges. The jobs will go to small con-tractors

RM500 million for public amenities suchas roads, schools and hospitals

RM500 million for roads in rural areasand villages including Sabah and Sara-wak

RM500 million to improve the publictransport system, particularly the LRT,KTMB Komuter and bus systems in ur-ban centres

RM200 million to assist non publicschools

RM300 million to set up funds for voca-tional training

RM1.5 billion to set up an investmentfund

RM400 million to speed up high speedbroadband project development

RM200 million to fund HR developmentprogrammes

RM100 million for youth developmentprogrammes

RM100 million to build/upgrade busi-ness premises nationwide

RM200 million to assist pre-schools intheir programmes

Besides the above allocations, the govern-ment also introduces the following:

Foreigners and foreign entities can buyco mm er ci al re al es ta te wo rt hRM500,000 and above without any For-eign Investment Committee (FIC) ap-proval for their own use

Extension of housing loans for govern-ment servants from 25 years to 30 years

(cont…)

“After the upsurge ofthe global financial

crisis, the governmentintroduced a RM7billion stimulation

package to promoteeconomic growth in

the country”


R M 7 B I L L I O N S T I M U L A T I O N P A C K A G E S

EPF contribution by the employee hasbeen reduced to 8% from 11% for two(2) years, effective 1st Jan 2009

Hypermarkets can extend business op-erations until 11 pm on weekdays and 1am on weekends. Those in shoppingcomplexes can seek to have 24-hour op-erations

Import duty on cement, long iron andsteel products for the construction andmanufacturing sectors abolished

Permits for foreign knowledge workerswill be issued directly to the workersinstead of employers

Allow private property companies todevelop some of the government’s primeland under an open tender system

Government, through government linkedcompanies like Khazanah and PNB, willlaunch the Graduate Employability Man-agement Scheme (GEMS) based on ear-lier schemes to help train 12,000 gradu-ates in two years

To speed up recruitment to fill vacanciesin critical sectors in the public sector.Some 18,000 vacancies are to be filledon contract terms while permanent ap-pointment arrangements are being made.

The government has also revised downwardits Gross Domestic Products (GDP) growthtarget for 2009 to 3.5% from its initial fore-cast of 5.4% as a result of the global eco-nomic slowdown. The growth forecast for2008 also reduced to 5% from the initial5.7%.

The exports in 2009 will decline by 1.5%instead of growing at 4.6% estimated earlierwhile this year exports are forecast to grow at4.7%. The revised GDP target takes into ac-count lower domestic demand rates of 5.8%

from 6% previously, while imports are likelyto grow by 0.3% instead of 5.5% as previ-ously estimated.

With the global fuel prices reducing, the in-flationary pressure on the country has alsoreduced. The inflation is expected to grow byabout 3% to 4% in 2009, a significant reduc-tion from 8.5% increase recorded in July andAugust 2008.

The budget deficit for 2009 will remain at4.8%, same as the Budget 2009 allocation.The RM7 billion will be funded by the sav-ings derived from the cuts in the fuel subsidy.

Review of the RM7b stimulation package

Construction sector, which has large multi-plying effects on country’s economic growth,has received large allocation through thisstimulation package. The main recipients ofthis fund include constructions of low costhouses, infrastructure projects, public ameni-ties and many others.

The FIC exemption is not expected to im-prove the demand for commercial propertiesas the relaxation is given to foreigners withbusiness interests in the country and confinedto commercial properties worth RM500,000and above.

Prime lands owned by the government areexpected to attract biddings by private devel-opers. These lands include government landsin Jalan Cochrane and Jalan Ampang Hilirand Rubber Research Institute Malaysia(RRIM) land in Sungai Buloh. EmployeeProvident Fund (EPF) is speculated to bepotential bidder for the lands.

Amid the global financial crisis, the govern-ment has maintained the Malaysian GDP willgrow at 3.5% in 2009. The government willintroduce additional stimulation package andinterest cuts in the event that the country’seconomy deteriorated further. Conversely,introduction of addition stimulation packagescould expand the Malaysian budget deficit.

“Amid the globalfinancial crisis,government has

revised downward itsGPD growth target for

2009 to 3.5% from5.4% projected earlier.

The growth forecastfor 2008 has also

reduced to 5% from5.7% projected

earlier”


O V E R V I E W O F M A L A Y S I A N P R O P E R T Y M A R K E T

Review of Malaysian Property Market

The Malaysian Property Market has startedoff well in the first half of 2008, inheritedpartly from the strong performance in 2007.The property market was severely affected byhigh inflations, resulted from the steep fuelprice increase in June 2008, followed by theglobal financial crisis in September 2008.

During the first six (6) months of 2008, total171,564 properties changed hand, indicatingan increase of about 20% compared with thesame period a year earlier. The favourablemarket situation has encouraged a number ofdevelopers to acquire land with developmentpotential to launch new projects and to re-plenish their landbank. Examples includeBandar Raya Development Berhad, Mah SingGroup, Hunza Properties Berhad and MaltonBerhad, to name a few.

Many developers have also ventured intooverseas market, of which the preferred in-vestment destinations include Vietnam, Sin-gapore, Middle East and Korea, to name afew. IOI Properties Bhd together with a localSingaporean company has acquired a land inSentosa, Singapore. Selangor Dredging Ber-had and YTL Corp have also ventured intothe Singapore property development.

Other developers that have ventured intooverseas markets include WCT Engineering,Perdana Park City, Aseana Properties, Ber-jaya Land, Gamuda and SP Setia. Mah SingGroup and Golden Plus Holdings were alsoreported to be contemplating of venturinginto Vietnam market.

Residential property market

Despite the political uncertainties after thegeneral election in March 2008, the generalmarket sentiments have remained relativelystable. Amongst the high-end residential pro-jects launched include Amaya Saujana, TheOasis, The Panorama, Gaya Bangsar, Surin inBatu Feringghi Penang, First Residences inPenang and many others.

There were also several en-bloc transactionsinvolving high-end residential projects re-corded. Sunway City has successfully con-cluded its second en-bloc sale of SunwayPallazzio to a Middle East investor after sell-ing en-bloc Sunway South Quay to a Koreaninvestor earlier. Other en-bloc sales of high-end condominiums include Malton’s ThePearl@ KLCC, which was also reported soldto Middle East investors. Tan & Tan Devel-opment and NAZA TTDI are also contem-plating to sell their projects on en-bloc basis.

A number of new high-end condominiums /serviced apartments, which were launchedsince 2005, have been completed in 2008.The newly completed projects in Klang Val-ley are as follows:

(cont…)

“During the first halfof 2008, the overall

property marketsentiments were

positive, withdevelopers introducing

new projects andacquiring land for

future developments.There were also anumber of local

developers venturinginto overseas market”

“Many developers areselling their projectson en-bloc basis to

recoup theirinvestments in the

shortest time amid themarket uncertainties”

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

199

7

199

8

199

9

200

0

200

1

200

2

200

3

200

4

200

5

200

6

200

7

200

8-1

H

-40%

-30%

-20%

-10%

0%

10%

20%

30%

Total % annual change

- Hijauan Kiara 188 units

- Kiaramas Ayuria 480 units

- Waldorf Tower, Plaza Damas 228 units

- Taragon Luxury Condo 40 units

- The Meritz 110 units

- Mont Kiara Banyan 147 units

- Menara Bintang Goldhill 176 units

- The Orion 202 units

- Cendana On Sultan Ismail 155 units

- K Residence 188 units

- Park Seven 105 units

- Suasana Sentral Loft 600 units

- Suria Stonor 138 units

- Windsor Tower, Plaza Damas 446 units

- Kiara 1888 182 units

- The Binjai 171 units



The increasing supply has prompted investorsof high-end condominiums / serviced apart-ments to lower the asking rentals to attracttenants to occupy the units. Some ownershave also reduced their asking prices to at-tract purchasers.

Commercial developments

There were also several large scale commer-cial / mixed developments being introducedin the market, namely The Paradigm by WCTLand, Lido Boulevard in Johor Bahru, PalmCity Centre in Lahad Datu, Kota KinabaluWaterfront, The Southgate by Mah SingGroup and many others. YTL Land & Devel-opment also launched its first boutique officein Sentul West and Sentul East, which haverecorded favourable responses.

In 2008, I-City, TM Cybercentre Complex,Mid Valley City and Bandar Utama havebeen awarded the Cybercentre status. Allthese projects have met the qualifying criteriastipulated by Multimedia Development Cor-poration (MDC), which includes broadband& infrastructure readiness, customer focusedmanagement with KPIs, competitive environ-ment, talent pool availability, proximity touniversities and research centres and manyother criteria.

Many developers have attempted to apply forcybercentre status in order to enhance thecompetitiveness of the commercial develop-ments. Notwithstanding this, only limitedcommercial projects have successfully se-cured the status.

Purpose built office buildings

Prime office buildings that command highrental yields have been the acquisition targetfor institutional investors. Several existingGrade A purpose built offices were reportedto have changed hand in 2008. The notableones include Menara Citibank and MenaraStandard Chartered, which were sold to IOICorp Berhad and ING Insurance Berhad,respectively.

Although constructions of Menara YNH, TheIcon@Tun Razak, Menara Glomac and a 41storey office building in Capital Square, haveyet to be completed, the four (4) Grade Aoffice buildings were reported sold. With theexception of the office building in CapitalSquare, all the purpose built offices were soldto Middle East investors. The office buildingin Capital Square was acquired by an Austra-lian institutional fund.

Hospitality sector

Since Visit Malaysia Year 2007 (VMY2007)was launched, occupancy rates and averageroom rates for hotel accommodations haveimproved significantly, spurred by the in-creasing number of local and foreign tourists.The Majestic Melaka and first@ease hotel inMelaka and Sandakan commenced operationin 2008.

There are also a number of new hotel projectsbeing introduced, the notable ones includeFour Seasons, Ritz Residences and GrandHyatt KL around KLCC area, St Regis in KLSentral, Casa Del Rio in Melaka, Wakaf Ho-tel in Terengganu, Tune Hotel in IskandarDevelopment Region (IDR), Allson CapitalHotel Medan Tuanku and many others.

In Kota Kinabalu, Sabah, Tune Hotel openedits second “limited services” hotel at 1 Bor-neo Kota Kinabalu, comprising 168 rooms.Accor Hotel group has also introduced two(2) new hotels in Kota Kinabalu, which areMercure Kota Kinabalu and Novotel 1 Bor-neo, offering 325 and 263 guest rooms andsuites, respectively.

To remain competitive, a number of existinghotels and resorts were being refurbished in2008, which include Klana Resort Seremban(previously known as Alison Klana Resort),all the nine hotels under the Grand Continen-tal brand throughout the country, LakeKenyir Resort and Spa (previously known asKenyir Lake View Resort) in Terengganuand Swiss Garden International Hotels, toname a few.

(cont…)

“Middle East investorshave been aggressively

acquiring purposebuilt office building

and high-endcondominium in Kuala

Lumpur”

“Four Seasons, StRegis and Grand

Hyatt are expected tomake their presences

felt in Kuala Lumpur”

“Existing primepurpose built office

buildings thatcommand high rentalrates and occupancy

rates have become theacquisition target of

institutional investors”



Retail sector

Established departmental store and hypermar-ket operators continued to drive the develop-ment of retail sector in Malaysia. Tescohypermarket opened several new outletsthroughout the country in 2008, which in-clude Tesco Mergong (Alor Star), SeberangJaya Tesco Extra (Penang), Tesco KotaBahru (Kelantan) and Tesco Extra Plentong(Johor Bahru), to name a few. The hypermar-ket planed to open four new stores in 2009.

In 2008, AEON Co (M) Bhd opened theAEON Bukit Tinggi Shopping Centre inKlang, AEON AU2 in Setiawangsa, AEONSeberang Prai City in Penang and AEONBukit Indah Shopping Centre in Johor Bahru.The company will continue to develop newoutlets throughout the country, including theMaxValu supermarkets.

In addition to the above, Carrefour, Giant andMydin hypermarkets as well as Metrojayadepartment store are also setting up new out-lets throughout the country. Carrefour openednew outlets in Melaka, Kuantan and PetalingJaya. Several new outlets are also in the pipe-line. Giant hypermarket opened a new outletin Kota Damansara in November 2008.

Tropicana City Mall, which is anchored byCarrefour hypermarket, was unveiled byDijaya Corporation Berhad during the begin-ning of 2009. The mall forms part of theTropicana City Business Park (previouslyknown as Damansara Intan e-Business Park)and is sited along the Damansara Link ofSPRINT highway.

Mesra Mall in Kerteh, Terengganu com-menced operation in October 2008. Thecomplex was developed by KLCC HoldingsSdn Bhd, a subsidiary of Petronas, which hasbeen tasked to spearhead the East Coast De-velopment Corridor.

1 Shamelin and Kenanga Wholesale Citywere unveiled in 2008. Construction worksof the complexes are on-going and scheduledfor completion in 2009 and 2010, respec-tively. There are also several shopping com-plexes being planned, namely new com-

plexes in D’Kayangan, Section 13 ShahAlam by Lebar Daun Development Sdn Bhd,Taman Sri Kuching by Magna Prima Bhd,Lot G, KL Sentral by Malaysian ResourcesCorporation Bhd (MRCB) and many others.

Terminal One Shopping Centre in Serembanand Bangsar Shopping Complex in Bangsarunderwent refurbishment and expansion ex-ercises in 2008 to enhance the competitive-ness of the complexes. More shopping com-plexes are expected to follow suit to remaincompetitive in the market.

Industrial sector

There were fewer industrial projects beingintroduced in the market compared with theresidential and commercial property sectors.Amongst the industrial projects beinglaunched in 2008 are Nusa Cemerlang Indus-trial Park in Johor Bahru, Tangkas Arena inUEP Industrial Park, Puchong Perdana andPerdana Industrial Park in Pandamaran,Klang.

Most of the newly introduced industrial pro-jects are positioned as high-technology park,offering appealing amenities and infrastruc-tures as well as contemporary factory build-ing design. Most of these projects are sitedwithin established industrial areas.

Agricultural sector

The escalating price of crude palm oil (CPO)has increased the demand for agricultureestates, particularly the oil palm estate. Atthe peak of RM4,330 a tone in March 2008,investment yields for palm oil has improvedsignificantly.

Overall, up to the first half of 2008, the over-all Malaysian property market has recordedstrong performances. Most property marketsub-sectors, have recorded positive growth,led by the residential property sector.

“In 2008, establisheddepartmental storeand hypermarket

operators continued todrive the development

of retail sector inMalaysia”

“Only few industrialprojects were

introduced in themarket as comparedwith the residential

and commercialprojects”

“When the CPO pricewas high, demand for

oil palm estateincreased

significantly”



Impact of the fuel price increase andglobal financial crisis

When the global fuel prices breached theUSD140 per barrel threshold, the governmentincreased the local fuel price to RM2.70 perliter in June 2008. The substantial increasehas escalated the country’s inflation to over8% in July and August, 2008. As a result, realspending power of Malaysians reduced sig-nificantly. Costs of construction had alsosoared, increasing the risks of projects beingabandoned.

The uncertainties have prompted purchasersand investors to be cautious and adopted a‘wait and see’ attitude, causing the take uprate of projects to drop substantially. Devel-opers continued to focus on the sales of theirexisting projects and have deferred their newlaunches until the market improves and theconstruction cost stablises.

The eruption of the financial crisis in US inSeptember 2008 has worsened the alreadyweak property market sentiments (since June2008). Sales of properties continued to mod-erate. Overall, as at the date of report, the2009 Budget and RM7 billion stimulationpackage provided insignificant revitalizationto the Malaysian property market.

Notwithstanding this, 2009 Budget and RM7billion stimulation packages provide specificfinancial relief to the people, especially thelow in-come group. This could in turn helpto restrain loan defaults by house buyers andkeep the Non Performing Loans (NPLs) at amanageable level.

Projects put on hold

A number of developers have delayed thelaunches of new projects in view of the esca-lating construction costs when the globalfuel price peaked at USD147 per barrel inJuly 2008. The high construction costs havenot only reduced the developer’s profit mar-gins, the risks of projects being abandonedincreased as many construction companiesthreatened to stop the construction works ifthe construction contract is not revised.

During 3Q08, most developers have pro-jected to launch their projects towards theend of 2008 or first half of 2009. The erup-tion of the global financial crisis in Septem-ber 2008 with the bankruptcy filing by Leh-man Brothers has triggered a global eco-nomic slowdown amid increasing unemploy-ment rates and retrenchments across theworld. The Malaysian property market wasnot spared by the global phenomenon.

Despite the reducing construction costs to-wards the end of 2008, the overall marketsentiments have worsened as a result of thefinancial crisis. With the exception of severalcash-rich developers, most developers havecontinued to delay the project launches, an-ticipating poor take-up rates.

Countries that have attracted a number ofinvestments by Malaysian developers,namely Vietnam and Singapore, are alsoaffected by the economic slowdown / reces-sion. Developers such as SP Setia, WCTLand and Gamuda were reported to be hold-ing back their projects in Vietnam due to theunfavourable market situation. IOI Proper-ties has also deferred the launching of theSentosa Seaview and The Pinnacle Collec-tion in Singapore.

Mega property deals

Most property investors adopted prudentapproaches when investing in propertiesamid the global financial crisis. In November2008, at the height of the financial crisis, IOICorp Berhad aborted the purchase of MenaraCitibank, Jalan Ampang and lost its depositof RM73 million.

A piece of development land along JalanYap Kwan Seng and owned by E&O Berhadhas been put back for sale after the buyerfailed to make payment for the land. SunriseBerhad and Malaysia Commercial Develop-ment Fund Pte Ltd have mutually terminatedthe put & call option agreement, which in-volved RM767 million of properties withinMont Kiara 20.

(cont...)

“Many developershave delayed thelaunches of their

projects, locally andabroad, in view of the

poor market situation”

“IOI Corp Bhdaborted the purchaseof Menara Citibank,citing ‘recent suddenadverse developmentsin the global economicenvironment’ as the

reason for its decisionto abort the deal”

“The global financialcrisis, which erupted

in September 2008, hasworsened the already

weak property marketsentiments (since June2008). In the absenceof effective economicstimulation packages,

take up rate ofprojects continued to

moderate”



Although there were a number of aborteddeals, there were several cash-rich investorsscouting for prime properties in the midst ofthe crisis. Examples include YTL Corp Ber-had, which has acquired Macquire PrimeReal Estate Investment Trust, which hasretail lots in Wisma Atria on Orchard Roadand Ngee Ann City in Singapore as well asother prime properties in China and Japan.Hap Seng Consolidated Berhad was alsoreported to be looking for land and buildingsto grow its property portfolio.

Market corrections

The large number of newly completed high-end condominiums and serviced apartmentsin 2008 did not bode well during prevailingmarket situation. Asking prices of selectedhigh-end condominiums and serviced apart-ments in the vicinity of KLCC and MontKiara have reduced to attract the decliningnumber of potential buyers. Correspond-ingly, rentals have also reduced.

In addition to the above, selected commer-cial properties and agriculture oil palm es-tate, which had been subject to intense mar-ket speculation prior to the crisis, havestarted to show signs of consolidation.Transactional activities involving these prop-erties have slowed down substantially.

Property Market Outlook

The following are brief reviews of Malay-sian property market according to sectors.

Residential sector

With the supply exceeding the demand,high-end condominiums and service apart-ments in Klang Valley are expected to con-solidate. Owners may be forced to reduce therentals and asking prices to attract tenantsand purchasers. The magnitude of the de-cline will depend on the country’s economicperformance.

The market consolidation is anticipated to bemomentary and will improve when the econ-omy improves. Most of these projects arestrategically located in the vicinity of KLCC,Mont Kiara, Bangsar, etc, which are wellsought-after residential addresses in KlangValley. Besides, these locations attract expa-triates and affluent population and areequipped with one of the best infrastructuresand public amenities.

Prices of condominiums and apartments inmost locations are expected to record reduc-tions. Besides the poor economic situation,the reductions could be attributed to the over-supply situation, poor locations (for high-riseresidential projects) and poor maintenance ofthe project.

With the country’s economy avoiding con-traction, demand and prices of landed resi-dential properties located within establishedneighbourhood are expected to remain stable.Prices of old landed residential properties aswell as those sited further away from the cityand town may experience marginal reduction.

Commercial sector

The high vacancy rates of newly completedcommercial shops will persist in 2009, attrib-uted to the low take-up rates as most businessoperators are not expected to expand or takeup new commercial space due to poor eco-nomic situation.

In the absence of rental income (when theunits are vacant), the prolonged poor eco-nomic situation may force financially trou-bled owners to dispose their commercialproperties at loss. Rentals will remain com-petitive to attract or retain business operatorsto occupy these commercial spaces.

With low economic growth, the key chal-lenge for most owners of purpose built officebuildings and shopping complexes in 2009 isto ensure the existing tenants remain withintheir premises. Some may resort to loweringthe rental or giving free rental period to thetenants.

(cont...)

“In the midst of thecrisis, several cash richcompanies have been

scouting for primeproperties”

“With the country’seconomy avoiding

contraction, demandand prices of landed

residential propertieslocated within

establishedneighbourhood areexpected to remain

stable”

“High-endcondominiums &

serviced apartments,selected commercial

projects and oil palmestates, which had

been subject to intensespeculation prior to

the crisis, have startedto show signs ofconsolidation”


P R O P E R T Y M A R K E T O U T L O O K

Rentals and prices of prime purpose builtoffices and shopping complexes will remainstable. Owners of secondary offices andshopping complexes may be compelled tolower down the rentals. Occupancy rates ofprime shopping complexes with attractiveretail mix will sustain.

Institutional investors and REIT funds willdrive demand for prime purpose built officebuildings and shopping complexes that areable to generate attractive yields.

Agriculture sector

With the CPO prices declined to aboutRM2,000 per tonne from a high of RM4,300per tonne, the prices of agriculture lands,particularly large palm oil estates are ex-pected to reduce. The declining yields as aresult of the low CPO prices may force own-ers to dispose the palm oil estates.

Notwithstanding this, agriculture land withdevelopment potential may become acquisi-tion target of property developers lookingtowards expanding their landbanks.

Hospitality sector

The tourism developments are expected todrive the hospitality sector developments inthe country, particularly hotels sited near tothe prominent tourism areas. The inclusionof Georgetown and Melaka as the “HistoricCities of Malacca Straits” in the UNESCO’sWorld Heritage List augurs well for the hos-pitality sector within the two states.

The commencements of Four Seasons Hotel,KLCC and St Regis, KL Sentral will be newaddition of luxurious hotels in Kuala Lum-pur. These hotels are expected to set newbenchmark for luxurious hotel in the city, interms or room rates, service level, etc.

The global financial crisis is expected toaffect the demand of hotel rooms in businessclass hotels. The decline is in line with theexpected cuts in traveling and accommoda-

tion expenses as most companies undertakevarious measures to cut expenditures amidthe economic uncertainties.

Although tourist arrivals from overseas willbe affected by the global economic slowdown, the number of local tourists are ex-pected to increase as most will choose totravel locally due to reduced budget. Overall,occupancy rates for hotels are expected toremain stable, especially for hotels / resortssited within established tourist areas.

Conclusions

The Malaysian Property Market will directlybenefit from the low Base Lending Rate(BLR). The low BLR is imperative to ensurecompetitive borrowing costs to encouragedemand for property and to spare propertyowners from paying high interest for theirloans. The reduction of Statutory ReserveRatio (SRR) will increase liquidity in themarket to stimulate economic activities, in-cluding demand for property market.

With the projected economic growth of be-tween 0.5% to 3.5% in 2009 and subject tothe implementation of stimulation packagesby the government, the Malaysian propertymarket is not expected to drop significantlyas in 1998, where the country’s economycontracted by about 7.4% and the propertytransactions reduced by over 30%.

Despite the tightening household expendi-tures, most property owners are expected tohold on to their properties. Nevertheless,prolonged economic crisis could inevitablytrigger fire sales, forcing property owners tosell their properties at low price to meet theirfinancial needs. Developers will introducevarious promotions and incentives to attractpurchasers to boost sales of their projects.

With the stimulation packages being effi-ciently implemented, the Malaysian propertymarket is expected to record improvementsin the second half of 2009, encouraged bythe economic recovery in Malaysia andworldwide.

“Although touristarrivals from overseaswill be affected by the

global economicslowdown, the number

of local tourists areexpected to increase”

“With the projectedeconomic growth ofbetween 0.5% and3.5% in 2009, the

Malaysian propertymarket is not expectedto drop significantly as

in 1998, where thecountry’s economy

contracted by 7.4%”


M A J O R M A R K E T A C T I V I T I E S I N 2 0 0 8

Date News

01-Jan-08 Sara-Timur Properties Sdn Bhd opened the first @ease boutique hotel in Sandakan. The hotel is managed by ValueHospitality, which is planning to open eight more hotels in Malaysia and Asian region

04-Jan-08 The Yang di-Pertuan Besar of Negri Sembilan Tuanku Ja'afar ibni Al-Marhum Tuanku Abdul Rahman officiated atthe grand official launch of The Legend Water Chalets in Port Dickson recently

04-Jan-08 Mah Sing Group Berhad plans to develop the newly acquired 60.21 acres land into Sri Pulai Perdana 2. The projectis sited less than 2 km from the group's on-going development in Sri Pulai Perdana in Skudai

04-Jan-08 Syarikat Perumahan Negara Bhd (SPNB) has successfully completed an abandoned project in Taman Kantan Per-mai, Kajang, which was awarded the certificate of fitness (CF) on Dec 19, 2007

04-Jan-08 The East Coast Economic Region (ECER) is allocating 7,400ha in Pahang to create a Pekan Rompin pineappleintegrated development project

04-Jan-08 Mega Mall Development Sdn Bhd is offering a 10% discount for the second batch of the Kepong Sentral condo-minium that it launched on December 15

04-Jan-08 SP Setia Bhd has clinched a deal to jointly build a 32ha mixed development project in Ho Chi Minh City whichcaters to expatriates and senior staff working in the Saigon Hi-Tech Park

05-Jan-08 Lambang Ehsan Sdn Bhd, a subsidiary of Y&Y Group, is developing its first shopping complex known as 1Shamelin. The shopping complex, which will not have anchor tenant, is open for sale

05-Jan-08 Ecofirst Consolidated Berhad has entered into a joint venture with Johor government to develop a 1,000 acre bio-technology driven agricultural farm in Desaru, Johor

05-Jan-08 Jaya Supermarket in Section 14, Petaling Jaya is scheduled to be demolished after Chinese New Year. A new sevenstorey retail building with a four level basement parking will be built on the site

06-Jan-08 Johor Menteri Besar announced that constructions on a high tech industrial park to cater to the demands of inves-tors in Iskandar Development Region (IDR) will begin this year and cost at least RM120 million

07-Jan-08 Klana Resort Seremban, which was previously known as Alison Klana Resort, will undergo a refurbishment exer-cise this month. The refurbishment will be carried out in phases and will be completed by June

07-Jan-08 Sunway City Bhd has concluded its second en-bloc sale of the Sunway Pallazzio Block B for an estimated RM220million to a firm linked to a Middle Eastern fund

07-Jan-08 Salient Glory City Sdn Bhd is set to redevelop Wembley Park in Penang, which was an once an amusement centrewith different entertainment types such as bangsawan performances, movies and many others

07-Jan-08 Malaysian Rating Corp Bhd (MARC) has downgraded the credit rating of MK Land Holdings Berhad due to thelow take-up rate of its main property project, Damansara Perdana

09-Jan-08 Malaysia Airports Holdings Bhd (MAHB) plans to unveil its maiden commercial property development, involvingsome 10,000ha of KL International Airport (KLIA) land area, in the next two to three months

10-Jan-08 IOI Properties Bhd and Ho Bee Investment Ltd have bought a 2.12ha land on the resort island of Sentosa, Singa-pore, for S$1.097 billion (RM2.5 billion). They will build a 20-storey condominium on the site

10-Jan-08 WCT Land Bhd has unveiled its first high rise commercial project dubbed "The Paradigm", which it expects tocomplete in six to seven years. The development, which covers 5.02ha of prime leasehold land.

11-Jan-08 WCT Engineering Bhd is planning more projects in Vietnam following the approval obtained for its first commer-cial landmark in the suburbs of Ho Chi Minh City

11-Jan-08 Work on the RM2.7 billion Lido Boulevard, the latest waterfront project within the Iskandar Development Region(IDR), is set to commence after Chinese New Year

12-Jan-08 Bandar Raya Developments has bought a 10.2ha piece of land in Subang Jaya for RM125.86 million with plans toturn it into a mixed-used development featuring retail, street retail, office suites and apartments



Date News

12-Jan-08 Developer Kuan Choo Development Sdn Bhd, a subsidiary of public Malton Berhad, is targeting to achieveRM265.8 million of Gross Development Value (GDV) from the Amaya Saujana project

12-Jan-08 Mulpha Land Bhd subsidiary Mega Readymixed Sdn Bhd (MRSB) is to build bungalows on two plots of land to-talling 42,816.9 square feet that it acquired in the upscale Bukit Tunku area of Kuala Lumpur

12-Jan-08 Multi Vest Resources Bhd (Mvest) is to build a corporate office on a 26,694.5 square feet site along Jalan Abdullahin Bangsar. It is acquiring the site from Pertubuhan Bible dan Risalah Watchtower

14-Jan-08 YTL Land & Development Bhd's latest boutique offices at its Sentul West & Sentul East project in Kuala Lumpurwas 90 per cent sold by the end of the first preview day last week

15-Jan-08 BCB Bhd is projecting gross development value (GDV) of RM838mil for its Bandar Putera Indah project in BatuPahat

15-Jan-08 YNH Property Bhd is finalising the sale of the proposed 45-storey iconic Menara YNH at Kuala Lumpur's JalanSultan Ismail for RM1.5 billion

16-Jan-08 Developer Nusmetro Venture is adopting different approach to market its latest apartment project, The Oasis. Theleasehold project is sited on 2.53ha, comprising 490 units with built-up areas of 1,041 to 1,183 sq ft

16-Jan-08 Crescendo Corp Bhd is developing Nusa Cemerlang Industrial Park (NCIP), which comprises 352 factories, target-ing small and medium industries

16-Jan-08 UEM Land launched 54 units of Arista Tropical Homes and 64 units of Vanda Cluster Homes at Seri Austin town-ship

17-Jan-08 Grand Hotels International Asia Pacific is investing about RM13mil to upgrade all its nine hotel properties underthe Grand Continental brand in the country

18-Jan-08 TSI Holdings Sdn Bhd is planning to launch First Residence in Kepong Baru by the middle of this year. Locatedalong the 6th mile, the shop-cum-apartment project sits on a 10-acre leasehold land

18-Jan-08 YTL Group has reopened the Majestic Hotel in Melaka after a RM30 million restoration and expansion works. Anew building has been added which mirrors the architecture of the century-old mansion

18-Jan-08 HICOM Properties Sdn Bhd has re-launched the Lake Kenyir Resort and Spa in Terengganu, after spending RM10million to upgrade and refurbish the resort, previously known as Kenyir Lake View Resort

19-Jan-08 Sunway University College has opened a new branch campus in Kuching, Sarawak, bringing the total number ofcampuses to four

19-Jan-08 A RM300 million commercial centre, called Palm City Centre, will be built on 23.5ha just outside the Lahad Datutown centre in Sabah

19-Jan-08 Keris Properties Sdn Bhd has launched the second phase of shophouses in Station 18 in Pengkalan, near here. It istaking advantage of the opening of the third Tesco hypermart branch in September

21-Jan-08 UDA Holdings Bhd (UDA) has launched Gaya Bangsar, a serviced condominium located on Jalan Maarof, Bang-sar

23-Jan-08 MRCB signed a pact with Pelaburan Hartanah Bumiputera Bhd (PHBB) to set up joint-venture company to de-velop a retail complex on Lot G at Kuala Lumpur Sentral owned by Promising Quality Sdn Bhd (PQSB)

23-Jan-08 Kuwait Finance House (M) Bhd (KFH) is providing finance for Ideal Capital Intelligence Sdn Bhd's RM500 mil-lion commercial project, known as The One, Penang Cyber City in Bayan Baru

24-Jan-08 Privately held Kenanga Wholesale City Sdn Bhd is spending RM300 million to build a 1.8 million sq ft fashionwholesale mall, called the Kenanga Wholesale City at Jalan Kenanga, Pudu area

25-Jan-08 Metro Kajang Holdings Bhd (Metro Kajang) launched Wang Commerz @ Pelangi Semenyih recently. The projectis the commercial parcel of Metro Kajang's 294.66-acre township, Pelangi Semenyih, Selangor



Date News

26-Jan-08 Bolton Bhd is launching its project called the Surin next month. The 28-storey freehold twin tower project will bedeveloped on 3.4 acres in Tanjung Bungah, Penang

26-Jan-08 The Yayasan Sabah Group will spearhead the proposed development of a RM12 million Keningau Handicraft Cen-tre in Keningau, Sabah

27-Jan-08 Bina Puri Construction unveiled yet another medium-cost apartment project known as Malawa Court

28-Jan-08 The Wah Mie Group will construct 552 condominium units known as Alam Damai Condominium at the foothillsof Sunny Garden, Kota Kinabalu, Sabah, which is expected to be ready by 2010

28-Jan-08 Property developer Mah Sing Group Bhd says all components of its newly launched RM256 million SouthgateCommercial Centre on Jalan Tun Razak, Kuala Lumpur, are for sale

28-Jan-08 PJCC Development Sdn Bhd has sold RM50 million of properties under the first phase of its Petaling Jaya Com-mercial City (PJCC) development project

29-Jan-08 LBI Capital Bhd expects to launch a 14.4ha industrial park in Puchong Perdana, this year, a project with a potentialgross development value (GDV) of up to RM70 million

29-Jan-08 Sagajuta (Sabah), the developer of 1Borneo is coming up with another multi-million ringgit mixed developmentproject known as 1Sulaman on a nine-acre land fronting the Sulaman Highway in Kota Kinabalu, Sabah

30-Jan-08 SP Setia Berhad unveiled plans for its first venture in Sabah, a RM1 billion mixed development project in TanjungAru

30-Jan-08 Suria Capital Holdings Bhd will build several properties in the Jesselton Waterfront project in Kota Kinabalu, Sa-bah, in separate deals with Kota Kinabalu Pavilion Sdn Bhd, IJM Properties Sdn Bhd and Glomac Bhd

30-Jan-08 MWE Holding will develop seven bungalows in Setapak and three in Penang, at a cost of RM18.8 million in a jointventure with Ribuan Wangsa Sdn Bhd. It said the projects are expected to be completed in three years

01-Feb-08 Expected to be completed by 2010, the Kota Kinabalu City Waterfront (KKCW) development will, among others,change the face of Kota Kinabalu

01-Feb-08 Aman Resorts International and the CRSC group are spending RM200mil on the development of an eco-tourismand island resort on Pulau Besar in Tasik Temenggor, Belum forest reserve

02-Feb-08 Ivory Properties Group hopes to revive the abandoned Fettes Villa project on Penang island in three years

02-Feb-08 E&O Property Development will start work for the phase two of Seri Tanjung Pinang integrated waterfront devel-opment in Penang in the coming two years

02-Feb-08 Asia Pacific Land Bhd will launch projects in Malaysia and China, e.g. mixed development in Changshu, Chinaand MyHabitat Tower 2, Kuala Lumpur

02-Feb-08 General Corp Bhd will be launching the Panaroma high-end residential project in Kuala Lumpur worth a gross de-velopment value of about RM300 million

11-Feb-08 The RM20 million 3-star Wakaf Hotel will be built in Terengganu as the first Islamic-themed hotel in Malaysia

09-Feb-08 The RM100mn Wangsa Mall project is developed by MSL Properties Sdn Bhd in coming up in Wangsa Maju

05-Feb-08 WEST Synergy Sdn Bhd has tied up with UCSI Education Sdn Bhd to set up an education township in BandarSpringhill, Negeri Sembilan

04-Feb-08 Some 70% of the units at the Legend International Water Homes project undertaken by the Kuala Lumpur MetroGroup in Port Dickson has been snapped up

04-Feb-08 Asiatic Development expects to construct properties worth over RM35 billion at its Bandar Indahpura in Johor,surpassing its previous forecast by 17%



Date News

12-Feb-08 IOI Properties Bhd plans to launch a mixed property development along the North-South Expressway (NSE) inKempas, comprising 2,000 residential and commercial units

14-Feb-08 TSR Land Sdn Bhd is acquiring 56.8ha of land in Bandar Baru Enstek to develop a medical city for InternationalUniversity of Malaysia

14-Feb-08 The Emkay Group of companies is likely to open the doors of Belum Rainforest Resort in Pulau Banding, Gerik,Perak by March 2008

15-Feb-08 UEM Land has teamed up with a few partners, including Gamuda Bhd to undertake the development of HorizonHills and with Limitless LLC, to construct 900 waterfront homes in Puteri Harbour

15-Feb-08 Tanco Holdings Bhd is to launch the three phases of a previously stalled major project called Palm Springs Resortin Port Dickson

15-Feb-08 SM Land Sdn Bhd is launching the second phase of its NZX Commercial Centre project in Ara Damansara inMarch 2008

15-Feb-08 Approval has been given to the Brunei Investment Agency to set up the Grand Hyatt hotel at Jalan Pinang, KualaLumpur

16-Feb-08 Bio Research Centre (M) Sdn Bhd is evaluating the phase two of the Perak Swiftlet Eco-park @ Manjung projectbefore launching it

16-Feb-08 Sunway City Bhd intends to add three new office towers within the Sunway Lagoon Resort

16-Feb-08 STG Group is offering an investment return of seven per cent per annum for the purchase of a resort unit at theongoing Gold Coast Morib Resort project

18-Feb-08 Seni Nusantara Sdn Bhd has embarked on the third phase of Kiara View development

18-Feb-08 Penang Development Corp (PDC) intends to construct a RM100 million office tower in Bayan Mutiara on Penangisland

18-Feb-08 Casa del Rio (M) Sdn Bhd is developing the Casa del Rio boutique hotel and serviced apartments on a 1.3 ha heri-tage site by the Melaka River

20-Feb-08 Liziz Standaco Sdn Bhd is positive that the second phase of the RM2bil Kota Baru Waterfront in Kelantan willwitness good sales

20-Feb-08 The PPC-Mint-Glomac consortium is likely to develop condominiums and villas in a gated community on the 7.5acres in the University of Malaya's (UM) main campus

20-Feb-08 Setia Eco Gardens, a township project in Johor next to Bandar Nusajaya, has witnessed RM 23 million sales, at itsmaiden launch

26-Feb-08 The second phase of Bio Big Valley Lojing, a mega development in Gua Musang, will be undertaken by a consor-tium comprising Mofaz group of companies, Solarin Holdings (M) Sdn Bhd and Telemont Sdn Bhd

29-Feb-08 Eastern & Oriental Bhd (E&O) has sealed a pact with Kuwait Finance House (M) Bhd (KFH) for the developmentof a 195-acre in the Iskandar Development Region (IDR), Johor

28-Feb-08 The RM94.4 million Paya Bunga Square building project will become a new landmark in Kuala Terengganu whencompleted by end-2009

27-Feb-08 Two abandoned projects in Taman Orkid, Kepala Batas, Penang will be revived following a deal signed by UDALand (North) Sdn Bhd and Koperasi Serbaguna Jelutong Pulau Pinang Berhad

26-Feb-08 Bliss Avenue Property Development Sdn Bhd has acquired a land in Putrajaya from Putrajaya Holdings to developa business, residential and office centre



Date News

01-Mar-08 Newcastle University will establish its first international branch campus within the Iskandar Development Region,Johor

03-Mar-08 Plenitude Bhd has launched its Tebrau City Residences project consisting 1,088 freehold serviced apartments inJohor Baru

03-Mar-08 Hap Seng Properties Development Sdn Bhd is to launch 40 boutique bungalows in Phase 5 of Kingfisher PalmHomes Sulaman, a gated and guarded community, in Kota Kinabalu, Sabah

03-Mar-08 Hap Seng Land Sdn Bhd will embark on its first high-end condominium in Peninsula Malaysia, by building a lux-ury condominium on 1.3 acres at Jalan Tun Razak (near the Royal Selangor Golf Club)

03-Mar-08 MTM Millennium Holdings Sdn Bhd expects a 100% take-up rate for its Casa Dal-Hanaa gated community projectin Cherating, Pahang by end-2009

06-Mar-08 The proposed 188.93ha Bukit Kiara Public Park project is due to kick off by the first quarter of 2009 and its com-pletion will take three years

06-Mar-08 Kota Selat Tebrau Sdn Bhd, Best Reality Point Sdn Bhd and Tune Hotels Sdn Bhd have proposed waterfront prop-erty projects valued at about RM540mil in the Iskandar Development Region (IDR) in 2008

07-Mar-08 Island & Peninsular Bhd (I&P) intends to launch four housing developments comprising semi-detached and terraceunits for its Alam Sari project in Bangi, Selangor

08-Mar-08 Perdana ParkCity Sdn Bhd has entered into an agreement with Singaporean and Vietnamese partners to develop anintegrated township project in Hanoi, Vietnam

08-Mar-08 Encorp Bhd is to launch the Section U10, Shah Alam development within 2008, which will have a gross develop-ment value of RM300 million

08-Mar-08 Perdana ParkCity Sdn Bhd has launched The North Shore Gardens, a 40-storey condominium in Desa Park City

10-Mar-08 Hunza Properties Bhd has acquired a land in Segambut for RM21.3 million for its second development in theKlang Valley

10-Mar-08 TTDI Development Sdn Bhd has recently launched Laman Seri Business Park project in Shah Alam, which willhave six blocks of four and five-storey shop offices

17-Mar-08 Phase One development of KK Times Square, comprising 444 units of retail and signature offices have success-fully been completed

19-Mar-08 Melati Ehsan Holdings Bhd is looking to develop a plot of land in Pandamaran, Klang, comprising 500 gated resi-dential units, 320 shop lots with 8.97 acres of commercial units and 6.92 acres of industrial units

20-Mar-08 LBS Bina Goup Bhd hopes to launch property development projects in Zhuhai, China, worth an estimated GDVvalue of over RM5bil by end 2008

21-Mar-08 Mah Sing Group Bhd will be launching the RM1.35bil mixed development known as Southbay Penang in BatuMaung

22-Mar-08 The Anggun bungalow development in Damansara Heights by L&H Property Development Sdn Bhd is expected tobe ready by end 2008

24-Mar-08 Aseana Properties Ltd plans to launch its first overseas project in Vietnam by end 2008

25-Mar-08 The Penang government will review The Gurney Paragon project undertaken by Hunza Properties (Penang) SdnBhd

26-Mar-08 Sunway City Bhd has partnered up with Daol Trust & Fund Co Ltd for real estate investment opportunities inEurope and Asia

26-Mar-08 UEM Land Sdn Bhd expects the first phase of the East Ledang development comprising 140 terrace and semi-detached be sold out in four months



Date News

28-Mar-08 Hap Seng Properties Development S/B is officially launching its prestigious project in Sandakan, Sabah known asAstana Heights Phase 2

29-Mar-08 PDC Properties Sdn Bhd is looking to launch three condominium projects in Bayan Mutiara, Penang, with aRM671million GDV

31-Mar-08 PJ Developments will use part of the RM 110 million profits from Equity & Property Investment for redevelop-ment project in Sydney Australia

01-Apr-08 YNH Property Bhd has appointed Foster & Partners as architects for the group’s RM1.8bil Menara YNH in GoldenTriangle, Kuala Lumpur

04-Apr-08 Malaysia Land Properties Sdn Bhd (Mayland) saw a take-up rate of 95% for its 72 shop offices in Plaza Damas 3project, Sri Hartamas

07-Apr-08 Tangkas Properties Sdn Bhd is proposing a new light industrial area called Tangkas Arena, which comprises 17factory units in the prime UEP Industrial Park, with a gross development value (GDV) of RM45 million

12-Apr-08 The Nomad Group Bhd intends to expand its serviced residences business to Penang and Thailand as well as in-crease the number of its serviced office centres to eight by end 2008

14-Apr-08 UMLand has soft launched the top-end Suasana Bangsar condominium project in Telawi area, Bangsar

15-Apr-08 Tune Hotel opened its second “limited service” hotel at 1 Borneo Kota Kinabalu, Sabah

17-Apr-08 Malaysia Pacific Corp Bhd (MPC) will undertake the Asia-Pacific Trade & Expo City (APTEC) project at its flag-ship Lakehill Resort City, Johor

17-Apr-08 PJ Development Holdings Bhd is to launch the RM 300 million Swiss Garden Residences project in Kuala Lumpurin April 2008

18-Apr-08 A sum of RM142.9mil will be used by the Emkay group of companies to acquire land in Cyberjaya for its phasetwo commercial development

22-Apr-08 Delta Heights Sdn Bhd has offered a RM15.6 million contract to Sunway Geotechnics (M) Sdn Bhd for the con-struction of a 19-storey building, Jalan Tun Razak, Kuala Lumpur

24-Apr-08 Petaling Tin Bhd intends to invest RM1 billion to construct high end villas and a boutique hotel on KarambunaiPeninsular, east of Kota Kinabalu in Sabah

01-May-08 Selangor Properties Bhd intends to launch a few projects in Damansara Heights, including the 107-unit Batai high-end condominium project in 2008

30-Apr-08 HELP International Corp Bhd intends to set aside RM100 million to build a new campus in Shah Alam

29-Apr-08 A project by Berjaya Land Bhd has been approved by the Vietnamese government to develop the Bien Hoa projectconsisting of offices and houses

28-Apr-08 Panorama, the upmarket condo project along Persiaran Hampshire in KLCC area and undertaken by Singapore-based UOL Group Ltd, has registered a 60% take-up rate since its launch in one month

28-Apr-08 Peter's Holdings Sdn Bhd (PHSB) intends to launch a RM700 million project consisting of medium-cost housesand a hypermarket on 12.15ha it owns in Old Klang Road by the end of 2008

26-Apr-08 Tan & Tan Developments Bhd is in talks to sell its 6 Stonor high-end condominium en bloc in Kuala Lumpur forRM500 million

26-Apr-08 Sabah Urban Development Corp plans to develop a RM 255 million condominium, shopping mall and hotel projectin Tawau, Sabah

26-Apr-08 PJ Development Holdings Bhd is expected to complete its Mont Callista gated guarded project near Pulai, Johor,by 2010



Date News

03-May-08 Pelangi Bhd is to launch several projects worth about RM 4.5 billion in Johor Baru, including Pelangi Junction

03-May-08 Petraz Holdings Sdn Bhd and Kelantan government plan to jointly launch a mixed development that will include a31-storey twin towers in Kota Baru

03-May-08 Subang SkyPark Sdn Bhd will develop a private jet centre in Subang

05-May-08 Island & Peninsular Bhd (I&P) is to launch the final phase of the 770ha Bandar Kinrara township project inPuchong, developing a commercial hub and a housing enclave worth over RM2 billion

05-May-08 Serenity Development Group is targeting more Malaysian buyers for its upmarket beachfront development inPhuket, Thailand

10-May-08 A contract has been extended by Spring Active Sdn Bhd to Fitters Diversified Bhd to construct a mall at JalanGenting Klang, Kuala Lumpur

12-May-08 Before the proposed launch in a month, Magna Prima Bhd has within a week sold all 205 units in the first residen-tial tower of its RM135 million mixed development in U1 Shah Alam

13-May-08 Investors from Taiwan and the Middle East have expressed interest to invest RM1.4 billion in the development ofTanjung Manis halal hub in Sarawak

13-May-08 IJM Properties Sdn Bhd is rolling out the RM140 million Summer Place condominium project at the Bandar SeriPinang mixed-development scheme, Penang

15-May-08 A consortium of local and foreign companies led by Mafa Groups Corporation Sdn Bhd will undertake Malaysia'sfirst and biggest floating resort smart-city project in Labuan

16-May-08 Acmar International Sdn Bhd is positive that its D' Rapport project in Jalan Ampang, Kuala Lumpur, is capable ofgenerating RM3 billion in gross development value

23-May-08 Bina Puri Construction Sdn Bhd has received a RM24.8 million contract from Fastgrow Properties Sdn Bhd to con-struct 351 units of one-storey terrace houses in Buang Sayang, Papar, Sabah

24-May-08 Hong Leong Assurance plans to buy a land along Federal Highway in Petaling Jaya from PJ City Development todevelop a commercial complex

27-May-08 Senai Airport Terminal Services Sdn Bhd (SATS) is pumping RM70 million into the Aero Mall project in Johor

29-May-08 IGB Corp Bhd will launch two 42-storey blocks of condominiums to expand its Mid Valley City development

30-May-08 Magna Prima Bhd will develop the RM1.1 billion Magna City, on a 4.12ha freehold site along Jalan Kuching, fromthe third quarter of 2008

31-May-08 Gamuda Bhd plans to launch the 808-acre Yen So Park, Vietnam, with a gross development value (GDV) ofUS$1bil in 2008

02-Jun-08 India-based Sunil Mantri Realty Ltd intends to invest about RM 324 million in the development of Bandar MSCCyberport in Kulai, Johor

03-Jun-08 The soft launching of Sunway Vivaldi Mont Kiara luxury condominium project took place recently at an averageprice of RM900 psf, which is new a price benchmark for condominiums in the area

05-Jun-08 TH Properties and Villa Muhandis Internationale Sdn Bhd have signed a pact to bring Italian designs and influ-ences in the upcoming phases of the Bandar Enstek township project

05-Jun-08 Talam Corporation Berhad has appointed Isyoda Corporation Berhad to revive the abandoned projects at TamanLestari Permai, Taman Lestari Puchong and Taman Lestari Perdana in Puchong

10-Jun-08 Asia Pacific Land Bhd (AP Land) will launch its RM400 million Island Bay Resort ecology-friendly developmentin Penang



Date News

13-Jun-08 Damac Properties LLC is investing RM397 million to develop three parcels of commercial land at Nusajaya inGelang Patah

13-Jun-08 The six-star St Regis hotel, which is scheduled to open its doors in 2014, will be built on Lot C at KL Sentral, fol-lowing the signing of an agreement by One IFC Sdn Bhd

14-Jun-08 Central Malaysian Properties Sdn Bhd has postponed its integrated residential-cum-commercial waterfront devel-opment called Lido Boulevard in Johor until September 2008

17-Jun-08 Mutiara Goodyear Development Bhd and Tambun Indah Sdn Bhd are cooperating to develop a housing project inSeberang Perai, Penang with a gross development value (GDV) of RM776 million

23-Jun-08 UEM Land Bhd is to launch its first housing project worth some RM1 billion by year-end in Cyberjaya following aland acquisition from Setia Haruman

24-Jun-08 Pembinaan SPK Sdn Bhd's plan to build 2,080 villas in the Al Falah Community Development of Abu Dhabi hasbeen accepted by Aldar Properties PJSC

25-Jun-08 Amarin Group will launch its new Amarin Wickham development in the third quarter of 2008

25-Jun-08 KH Land Sdn Bhd has agreed to borrow RM 85million from Asian Finance Bank Bhd to fund a gated housing de-velopment project within the Sri Hartamas/Mont Kiara vicinity

25-Jun-08 Pasdec Holdings Bhd plans to develop a tourism-related development on 115 acres of land in Bukit Tinggi, Ben-tong

25-Jun-08 United Malayan Land Bhd (UMLand) is to construct a luxury low-density residences project at Jalan Yap KwanSeng, Kuala Lumpur in early 2009

09-Aug-08 Mutiara Goodyear Development Bhd will build a RM 430mn residential cum commercial project in Kajang follow-ing a pact signed with Kajang Heights Development Bhd

15-Jul-08 Hong Kong-based Jerard Co Ltd and Glamour Ideals Sdn Bhd have tied up to develop the Simpang Pulai BusinessCentre project at a cost of RM500 million

14-Jul-08 MKN Group Sdn Bhd is considering to develop a 10-year project mixed development project on Pulau Banding,Perak

10-Jul-08 Million Seed Sdn Bhd has emerged as the first developer to introduce the ‘build & sell” concept by constructing 26units of three storey shopoffices along Jalan Masai Jaya, Plentong

01-Jul-08 Tradewinds Corp Bhd has proposed a 378-hectare township in Bandar Nusajaya, Johor, consisting of a mixed de-velopment of high-end residential and commercial developments

09-Jul-08 A RM700 million township project will kick off in Tanah Merah, Kelantan to build 1,000 apartments, school, andsupermarkets on 100 acres site

07-Jul-08 A & M Realty Bhd is developing the Amverton Park, Australian-inspired residential development in Shah Alam

04-Jul-08 Australia-based Servcorp Ltd is investing USD 30mil over five years into state-of-the-art concierge services for I-Bhd's RM2 billion i-City project

03-Jul-08 SP Setia Bhd is to construct a RM750mil retail mall in Setia City, Shah Alam

02-Jul-08 Berjaya Land Bhd (BLand) will develop an integrated township project in Vietnam's Ho Chi Minh City next year.It is due for completion in stages from 2011 to 2021

01-Jul-08 Ireka Corp Bhd's subsidiary has clinched a RM539 million deal from Amatir Resources Sdn Bhd to construct aluxury condominium in Kuala Lumpur

09-Aug-08 Beneton Properties Sdn Bhd intends to put up a lifestyle mall in Jalan Ipoh, Kuala Lumpur



Date News

11-Aug-08 The Vogue Tower in Verve Suites developed by Bukit Kiara Properties Sdn Bhd has recorded a 40% sale rate

11-Aug-08 CapitaLand Ltd is looking to launch a REIT involving RM2bil (US$613mil) of assets on Bursa Malaysia later thisyear

11-Aug-08 Y&Y Property Development Sdn Bhd is developing Shamelin Heights Business Park, which consists of 31 units ofbusiness premises with a land area of 8,500 sq ft and built up area of 8,500 sq ft to 20,000 sq ft.

11-Aug-08 Y&Y Property Development Sdn Bhd is now constructing its first boutique hotel for about RM30 million at Teng-kat Tong Shin off Jalan Bukit Bintang

11-Aug-08 Ireka Land and CapitaLand are undertaking the One Mont' Kiara, retail, office suites and residential project oppo-site Sunrise's Plaza Mont' Kiara

13-Aug-08 Selangor Development Corporation (PKNS) is to develop the Antara Gapi township project in Hulu Selangor. Theproject is due for completion in 2010

13-Aug-08 Bolton Bhd is looking to launch Mayang development in KLCC, The Piazza at Puchong, Tijani 3 (RM100 millionGDV), and Bolton Court, Bukit Ceylon

16-Aug-08 Kumpulan Hartanah Selangor Bhd has launched the upmarket Templer Anggun residential project along Jalan Ra-wang beside the Templer's Park

16-Aug-08 In spite of growing construction material costs, Mutiara Goodyear Development Bhd will go ahead with thelaunching of the Prima Avenue commercial development at Tropicana

16-Aug-08 YNH Property is teaming up with Frasers Hospitality to inject luxury appeal to its commercial venture known asLot 168, Jalan Perak

18-Aug-08 The Plaza Crystalville @ Setapak shopoffice project will be developed by Crystalville Sdn Bhd at Jalan GentingKlang. The RM100mil project is slated for completion by end 2010

18-Aug-08 Despite the current market slowdown, CBD Perdana 2 project in Cyberjaya developed by Setia Haruman Sdn Bhdis due for launch. It comprises signature retail-cum-corporate office suites

18-Aug-08 The Canal City development on 5,000 acres by IJM Land Bhd in Kuala Langat is scheduled for launch in 2009.The project has an estimated gross development value (GDV) of RM10 billion

19-Aug-08 The newly upgraded RM720 million Kota Kinabalu International Airport (KKIA) Terminal 1, the second busiestairport in the country; opened its doors for commercial use

21-Aug-08 Malaysia Pacific Corp Bhd (MP Corp) has teamed up with Amanah Raya Bhd (ARB) to develop a RM6.6 billionself-contained township called LakeHill Resort City in Iskandar Malaysia, Johor

23-Aug-08 Tanjong Plc is to develop some 2,000 holiday homes at its Tropical Islands resort in Germany

23-Aug-08 Tanah Sutera Developments Sdn Bhd is developing its Taman Sutera Utama mixed commercial project in Johor

25-Aug-08 Mayland Bhd is undertaking the Royal Regent project off Jalan Kuching. The project has a development value ofRM300 million

25-Aug-08 Malaysia Airports Holdings Bhd is offering 1,092ha of the total non-aeronautical land, currently planted with oilpalm, for development over the next 10 to 15 years

25-Aug-08 Faber Group Bhd will develop a 2.28ha plot in Taman Danau Desa at Jalan Klang Lama. It plans to launch 38three-storey link-villas, priced from RM1.6 million each, late in 2009

28-Aug-08 UEM Land Bhd will promote Nusa Idaman, East Ledang, Ledang Heights and Horizon Hills to attract Indonesianproperty buyers

29-Aug-08 Sunrise Bhd is considering to develop a mixed development project on a piece of prime land opposite the PetronasTwin Towers. The plan may include hotels, offices and service apartments



Date News

01-Sep-08 KSL City, is to house a four-storey podium block of retail complex, two blocks of 26-storey hotel tower with atotal of 950 rooms and 355 apartments on two blocks of 33-storey tower

01-Sep-08 KSL Holdings Bhd plans to develop its land in Klang into a mixed project with a gross development value ofRM1.5 billion. The project is due for launching early next year and will take eight years to complete

02-Sep-08 Damac Properties LLC hopes to develop a multi-billion-ringgit integrated resort development in the East CoastEconomic Region (ECER)

04-Sep-08 Sunway City Bhd will launch the RM1.5 billion Sunway Opus Grand Residency in Hyderabad in November. The35-acre project will comprise 3,400 condominium units in five phases when completed

06-Sep-08 Lintasan Mayang Development Sdn Bhd will invest in the RM 1.1 billion Alamesra township project in Kota Kina-balu. The upmarket project will be launched in the next one to two years

06-Sep-08 SDBP Properties Sdn Bhd plans to launch two residential property projects in Singapore. The two projects are theS$64 million Jia and the 33-storey 2 Gilstead apartments

08-Sep-08 Alpharise Sdn Bhd will launch the phase one of Perdana Industrial Park in Port Klang. The park will cover 66.25acres and provide full fledge infrastructure

08-Sep-08 One of the latest lifestyle offerings by Malton Bhd, the Grove in SS23, comprises only 35 exclusive three-storeybungalows and link bungalows priced from RM3 million to RM3.8 million each

10-Sep-08 Bolton Berhad is building 68 units of townhouses in the gated community of Taman Tasik Prima in Puchong. Theproject offers a resort setting with a strategic lake front location

10-Sep-08 UEM Land Bhd proposes to invest in a mixed residential development that will have 2,000 medium-cost apart-ments on a 100-acre site opposite the Multimedia Universiti

13-Sep-08 The RM2 billion Four Seasons hotel and condo project will be launched by the first quarter of 2009 by Venus As-sets Sdn Bhd

13-Sep-08 Senai Airport Terminal Services Sdn Bhd will develop the RM 3.3 billion Senai Hi-Tech Park project in Johor

15-Sep-08 Dolomite Property has launched the Dolomite Park Avenue on Jalan Batu Caves. The project has a RM160 millionGDV and comprises shopoffice and condominium units

15-Sep-08 NAZA TTDI Sdn Bhd is considering an en bloc sale of its remaining two office towers in the RM3.5 billion Plati-num Park development in the KLCC area

16-Sep-08 Berjaya Land Bhd (BLand) has tied up with Libya’s OYIA Company for Development and Tourism Investment todevelop a US$2bil (RM6.8bil) property project in Tripoli

17-Sep-08 G-Tower, the 30-storey building at Jalan Tun Razak developed by Goldis Bhd, is expected to operate from Aprilnext year

19-Sep-08 Terminal One Shopping Centre (TOSC) in Seremban has been given a facelift in conjunction with its 12th anni-versary dinner on Aug 29

20-Sep-08 Seri Iskandar Development Corp has formed a joint venture with Urban Silver Sdn Bhd to invest in an agro-park inBandar Seri Iskandar, Perak

22-Sep-08 Serai Saujana Development (Serai) Sdn Bhd is developing Serai Saujana, a luxury RM320 million gated andguarded community on a 4.25ha site within the Saujana enclave

23-Sep-08 Sime Darby Bhd proposes to invest in a tourism-related project in Pulau Jerejak, Penang, which is linked to theNorthern Corridor Economic Region

23-Sept-08 WCT Berhad is building high-end villas to cater foreign and local buyers known as d’Banyan Residency @ Suteralocated at Sutera Harbour Resort, Kota Kinabalu, Sabah



Date News

24-Sep-08 SBC Corp Bhd intends to launch two mixed development projects with an estimated total gross development value(GDV) of RM800mil by next year in southern Selangor and along Jalan Kuching, Kuala Lumpur

27-Sep-08 Land & General Bhd (L&G) has submitted proposals for a 5,300-unit condominium project to be developed inBandar Sri Damansara. It may be launched next year

27-Sep-08 Brem Holding Bhd plans to launch a RM150 million mixed housing and commercial development project inChina's Zhongshan by December in 2008. This will be the company’s first property development venture overseas

27-Sep-08 PJ8, undertaken by IJM Properties Sdn Bhd, consists of a 38-storey block of service suites, a 12-storey office suiteblock and two blocks of office tower with a gross development value of RM250 million

27-Sep-08 Solaris on the Park, by Sunrise Bhd has received the Green Mark certification from the Singapore government. Thedeveloper will push for its 28@ Mont’Kiara and Solaris@Sultan Ismail projects for the award

28-Sep-08 MTT Properties & Development is undertaking the Botanica.CT township project in Balik Pulau, the south-west ofPenang island. It will comprise almost 2,000 homes

29-Sep-08 Kumpulan Perubatan Farrali Mutiara Sdn Bhd (KPFM) will undertake the RM300 million Farrali InternationalSpecialist Hospital and Wellness Resort in Batu Kawan, Penang

29-Sep-08 Asia Pacific Land Bhd (AP Land) launched a commercial development called Platinum Galaxy Boulevard inChina's Changshu City

30-Sep-08 Malaysia Pacific Corp Bhd (MPC) is scouting for partners to develop the RM 6.6 billion LakeHill Resort City pro-ject in Johor. LakeHill Resort City will comprise residential, cultural village, resort club, trade and expo centre, etc

30-Sep-08 Employees Provident Fund (EPF) intends to team up with WCT Bhd to invest almost half a billion ringgit in acommercial project known as The Paradigm in Petaling Jaya

01-Oct-08 Amongst the projects undertaken by Eastern & Oriental Bhd (E&O) include its serviced apartments at the former StMary’s school site at Jalan Tengah in Kuala Lumpur and the condominiums in Seri Tanjung Pinang, Penang

06-Oct-08 Mah Sing Group Bhd plans to unveil four new projects starting from now till the end of 2010, which are Legenda@ Southbay and Southbay City, both in Penang; One Residence in Cheras and Sri Pulai Perdana 2 in Johor

06-Oct-08 Nine hotels will be developed in Penang over the next 3 to 4 years, which include Royale Bintang Penang, TheRice Miller Hotel, Hard Rock Hotel, Cititel Express Hotel, Eastin e-hotel and four others yet-to-be-named hotels

07-Oct-08 Iskandar Investment Bhd (IIB) has officially launched Medini in Iskandar Malaysia, Johor Bahru, which is Malay-sia's single biggest urban development to date, at Cityscape Dubai exhibition

07-Oct-08 The facade and East Wing of the Bangsar Shopping Centre will be unveiled in less than three months with work onPhase 3 being completed. The whole redevelopment is scheduled to be completed by the end of 2009

11-Oct-08 Malton Bhd intends to acquire Austin Heights Sdn Bhd from Southcon Builders Sdn Bhd for RM103 million cash.Austin Heights is developing a mixed project on an 79.79ha land at Taman Mount Austin in Tebrau, Johor

13-Oct-08 A new shopping complex called Mesra Mall, which is developed by KLCC (Holdings) Sdn Bhd, has opened inKerteh, Terengganu

13-Oct-08 MTD Capital Bhd (MTDCap) is expected to go ahead with a long-postponed US$1 billion (RM3.5 billion) town-ship project on a 600ha site in Pirque region, 40km south of Santiago, Chile

15-Oct-08 Due to the weakened residential property market in Singapore, the launching of the Sentosa Seaview and The Pin-nacle Collection of IOI Corp Bhd, will be delayed

15-Oct-08 UEM Land and United Malayan Land Bhd (UMLand) are cooperating to develop a 3.56ha site in Puteri Harbour,Johor, which will comprise high- and low-rise residences, bungalows and corporate units

15-Oct-08 Goldmount Resources Sdn Bhd is developing its maiden project, Puncak Lagenda, in Taman Bukit Mewah, Johor.Phase two of the project will comprise 31 double-storey shop offices with three different floor designs



Date News

16-Oct-08 Buyers from all over the world have snapped up almost 70 per cent of the high-end waterfront villas in Danga Is-land Villas within Iskandar Malaysia, Johor before its launching in November

18-Oct-08 Berjaya Land Bhd is developing Berjaya Jeju Resort in South Korea's Jeju Island. The project will comprise theCreek Resort, condominiums, villas, casino with a 50 storey hotel, a shopping mall and a 6000-seat indoor stadium

18-Oct-08 IJM plans to add two more premium condominium projects called Pearl Regency and Platino in its MetroEast de-velopment, Penang

20-Oct-08 PJCC Development Sdn Bhd plans to launch PJCC Residence, comprising 194 service suites by end 2008 underthe Petaling Jaya Commercial City (PJCC) development

20-Oct-08 Sunway South Quay has attracted a huge Korean community after a South Korean firm, Luxury Court Sdn Bhd,made an en-bloc purchase of 249 condominiums in Sunway South Quay in December 2007

21-Oct-08 The Sunway group will start building a 28-storey block of small-office-home-office (SOHO) and commercialtower with net lettable area (NLA) of 300,000 sq ft adjacent to Sunway Pyramid next year

21-Oct-08 Berjaya Land Bhd plans to unveil its Berjaya Park project in Shah Alam and Vasana Link Bungalows developmentin Seputih Heights before the end of 2008. The GDV for the 25-unit Vasana Link project is RM175 million

28-Oct-08 The RM 200 million Kinta Riverfront project has been launched in Perak. The project covers 16ha on the banks ofthe Kinta river

28-Oct-08 Emkay is undertaking the MKN Techzone project, which features four commercial blocks worth RM350 million inphase one development and eight buildings worth over RM600 million in phase two

29-Oct-08 Despite concerns over falling property prices, Sunrise Bhd is to proceed with the launch of two projects in Malay-sia and one in Canada in 2009 valued at RM2.5 billion in total

30-Oct-08 Mutiara Goodyear Development Bhd is looking to launch projects valued at some RM1 billion in 2009. Projects inthe pipeline include a commercial block in Sunway in Petaling Jaya, a 69-acre housing scheme in Kajang and a456-acre mixed development project in Penang

30-Oct-08 The Lower Kinabatangan-Segama Wetlands has been officially designated as Sabah’s first and Malaysia’s largestRamsar site, extending over 78,803 hectares of mangrove forests and peat swamp on the east coast

31-Oct-08 Capital Properties Sdn Bhd is to construct the 98-room Allson Capital Hotel Medan Tuanku worth RM 82mn inKuala Lumpur. It will be ready in the third quarter of 2011

31-Oct-08 Ivory Properties Group is scouting for an investor the 450-room five-star hotel planned at its Penang Times Squaredevelopment, which is estimated to have a gross development value of RM250 million

31-Oct-08 Hewlett-Packard (HP) has unveiled a proposal to set up a 24ha campus in Cyberjaya. The project is slated for com-pletion by early 2010

31-Oct-08 Work on the first phase of Penang Sentral project undertaken by Pelaburan Hartanah Bumiputera Berhad (PHBB)and MRCB in Butterworth is expected to start before the end 2008 when all the hawkers have been relocated

02-Nov-08 AirAsia X, the long-haul franchise of AirAsia, may commence its service from Kota Kinabalu International Airport(KKIA)

03-Nov-08 The Nomad Offices Pavilion KL has been launched by the Nomad Group in Bukit Bintang to cater to business pro-fessionals

03-Nov-08 Malton is gearing up to launch its maiden signature condominium project in Penang called The Mansion @ Can-tonment, which is also the first for the developer outside the Klang Valley, by early 2009

03-Nov-08 Emkay Group proposes to develop RM4.3 billion worth of properties in Cyberjaya, Selangor from 2010. It willfirst construct eight office towers at MKN Embassy Techzone next year



Date News

03-Nov-08 Berjaya Jeju Resort, a world-class integrated tourism and recreational project, undertaken by Berjaya Jeju ResortLtd, will be launched in the first quarter of 2009

05-Nov-08 Zelan Holdings Sdn Bhd has cancelled its joint venture with Al-Ambia Sdn Bhd to undertake the phase two of theMeena Plaza project, a mixed development, in the UAE

05-Nov-08 The Zest @ Kinrara 9, a 2.3ha mixed development of shop offices, has been launched recently in Puchong

06-Nov-08 YTL Land & Development Bhd is rolling out semi-detached houses with their own private pool in Lake Edge inPuchong. The 50 units of homes called the Waterville are priced from RM1.59 million each

07-Nov-08 Accor’s largest mid-scale hotel, Mercure Kota Kinabalu and upper-middle scale brand, Novotel 1Borneo, togetheropened their doors in 1 Borneo development, has 325 and 263 guestrooms and suites respectively

10-Nov-08 Despite the global economic slowdown, I&P is to launch four township projects in Puchong; Alam Sari in Bangi;Alam Impian in Shah Alam; and Kota Bayuemas in Klang, respectively

10-Nov-08 Malton is gearing up to launch its maiden signature condominium project in Penang, known as The Man-sion@Cantonment. It is a 36-storey block with duplexes fronting the sea and city worth RM47 million

10-Nov-08 The RM2 billion Sunway City Ipoh township project in Perak will woo investors from Asia Pacific and the MiddleEast as tourists or to take up residence in the township under the Malaysia My Second Home programme

11-Nov-08 Hua Yang Bhd has registered bookings for over 200 units of Phase 1 Symphony Heights @ Selayang servicedapartments since its soft launch a few months ago

11-Nov-08 Mah Sing Group Bhd predicts its proposed StarParc Point project in Setapak, Kuala Lumpur to generate a totalgross development value (GDV) of RM118 million

14-Nov-08 YTL Land & Development Bhd plans to develop another 8ha of land next to its Lake Edge gated community inPuchong, Selangor, by constructing 45 units of high-end terrace homes with a GDV of RM50 million

14-Nov-08 Sime Darby Property Bhd expects its second property campaign known as the "Parade of Homes" running fromtoday until December 15 to record RM200 million sales

17-Nov-08 Datuk Lim Kang Hoo of Limbongan-Ekovest Management Sdn Bhd, the project manager of Danga Bay, said thecompany has pumped in RM350 million for this latest development which will take place mainly at the existingsites of the International Restaurants and the Bay Leaf Restaurant

17-Nov-08 The new RM100 million Calvary Convention Centre, under construction in Bukit Jalil, will cater not only tochurch members but to all Malaysians living in the Klang Valley

18-Nov-08 Shenyang Malaysia Development Sdn Bhd (Shenmas) signed a memorandum of understanding (MOU) with theAdministrative Committee of the Shenyang Finance Development Zone to develop a Muslim community centrecum regional finance centre in Shenyang City, China

18-Nov-08 The government will resume work on the multi -million-ringgit project to deepen the north channel of Penang Port,which had been shelved under the Ninth Malaysia Plan (9MP) Mid-term review

18-Nov-08 GB Corp Bhd, which operates the “Cititel” hotel chain, plans to invest RM2 billion over the next five years to de-velop “tourist-class” hotels in China under a new brand name

19-Nov-08 TH Properties Sdn Bhd has teamed up with PrimaNora Sdn Bhd to develop a RM30 million resort-style townshipin Bandar Enstek for the aged and elderly

19-Nov-08 The Sabah Land and Survey Department will issue a land title for the controversial oceanarium resort in Mabulonly if all special conditions are complied with

21-Nov-08 The developer of a high-rise hotel within the heritage zone said it had scaled down the project due to the impor-tance of George Town's status as a Unesco World Heritage site, reducing the E&O Hotel extension from 28 floorsto 16 floors



Date News

21-Nov-08 The Klang Valley 2 (KV2) involving 142,000ha had lifted off with the opening of the Multimedia Super Corridor(MSC), Cyberjaya and the KL International Airport (KLIA), to replace the Klang Valley

22-Nov-08 DutaLand recently terminated a joint-venture agreement with its wholly subsidiaries to develop several parcels of a3.55ha site in the Mont'Kiara-Sri Hartamas area due to economic downturn

24-Nov-08 YNH Property Bhd is targeting to officially launch its RM1 billion Kiara 163 suites, a mixed development projectin Mont’ Kiara, Kuala Lumpur, next month

24-Nov-08 Taipan Group is busy with its latest mixed development project called Park 51, a 35-acre leasehold tract at SS9A(Zone 51A), Petaling Jaya

24-Nov-08 In the Karambunai peninsula, KCB will launch Amabilis, a RM400 million upscale project in Nexus ResidenceKarambunai, featuring 100 luxury villas; and a 26.5ha Korean Village Resort worth over RM400 million

25-Nov-08 Buyers of the abandoned CN Gallery and Nas Pavillion projects in Jalan Imbi have decided to form an action com-mittee to get back their deposit money

26-Nov-08 Magna Prima will remove a mall and hotel from its Magna City project in northern Kuala Lumpur and focus onapartments, shops and offices, chief executive officer Lim Ching Choy said

26-Nov-08 Citta, a RM280 million retail mall scheduled to be ready in September 2010 in Saujana, expects retailers operatingwithin the mall to rake in RM220 million to RM260 million in sales turnover in the first year of operations

27-Nov-08 The road systems in Malacca, Negri Sembilan and Johor will be improved over the next two years with an alloca-tion of RM3.2 billion, including a RM220 million upgrading of Jalan Tangkak-Segamat and a RM85 million trafficdispersal system in Seremban known as Seremban Middle Ring Road

28-Nov-08 The CapSquare development, with a total built-up area of 3.8 million sq ft, features a retail street, Manhattan-inspired residences and office space, is developed by Bandar Raya Developments Berhad (BRDB)

29-Nov-08 A US$100 million (RM365 million) world-class golf resort modeled after the famed resort town of Santa Monicain California has been proposed in Batu Kawan, Penang and is scheduled for completion in 2012

29-Nov-08 Hijaun Heights Sdn Bhd is transforming 1,000 acres of land in Pedas, Negri Sembilan into a lifestyle property de-velopment that includes bungalows with orchards, outdoor activities and a clubhouse as well as 24 hour security

01-Dec-08 PJ Development Holdings Bhd has launched a high-end bungalow development worth RM45 million in BukitAntarabangsa, Kuala Lumpur, known as "Siarah Oakleaf", featuring 20 three-storey twin bungalows priced at be-tween RM2 million and RM2.5 million each

01-Dec-08 Seraimas Bina Group's (SBG) first project, D'Piazza Mall in Bayan Baru in Penang, will be officially launched inJanuary 2009

02-Dec-08 MK Land Holdings Bhd plans to sell non-core assets and its Damansara Perdana township in Petaling Jaya worthup to RM400 million in total to fund new projects that will be launched from next year.

02-Dec-08 The new Sultan Iskandar Complex, a multi-million ringgit Customs, Immigration and Quarantine (CIQ) facility,has been launched by Sultan of Johor Sultan Iskandar Sultan Ismail

02-Dec-08 Karambunai Corp Bhd is finalising plans with its South Korean partner, Landlovers Korea Co Ltd, to build a Ko-rean Village Resort at the Karambunai peninsula in Kota Kinabalu

03-Dec-08 The developer of a 23-storey building, Bintang Holdings Sdn Bhd, under the Low Yat Group, said it will not jeop-ardise George Town's World Heritage Site listing, saying the project is located on the fringe of the buffer zone

06-Dec-08 Astral Asia Bhd's subsidiary, Syarikat Ladang LKPP, plans to buy 749ha of land in Kuantan from Lembaga Kema-juan Perusahaan Pertanian Negeri Pahang (LKPP) to develop a mixed development, incorporating a hi-tech park

06-Dec-08 The Melaka government will revive the stalled Pulau Melaka reclaimed project involving mixed developments toprotect the interests of 1,200 buyers



Date News

06-Dec-08 Citta, an open air strip shopping mall to be jointly developed by Puncakdana Sdn Bhd (PSB) and Sweden-basedSEB Asset Management (SEB), will be different from the typical shopping malls that are minutes from the catch-ment areas of Ara Damansara, Saujana and Subang

06-Dec-08 Sunway City (Ipoh) Sdn Bhd has lined up world-class real estate in its Sunway City Ipoh township and sealed apact with CI Korea Co Ltd to acquire its properties to court investors from Asia Pacific and the Middle East

07-Dec-08 A landslide in Bukit Antarabangsa have claimed four lives and destroys 14 bungalows, which has also affected thedemand for properties in the affected area

08-Dec-08 More than 100 house buyers in Taman Tuanku Jaafar Senawang Phase Three are seeing red as the developer hasyet to begin building even a single house following the signing of sale & purchage agreements in 2005

08-Dec-08 YTL Land & Development Bhd will go ahead with the launch of the final phase of its Pantai Hillpark gated com-munity development in Kuala Lumpur in 2009 despite the global financial crisis

08-Dec-08 Pahang, Penang and Perak have frozen their highland developments following the Bukit Antarabangsa landslideon Saturday

08-Dec-08 The Starwoods Hotels & Resorts' Four Points brand will be the first international brand in 15 years in Kuchingwhen it opens its doors in mid-January 2009

08-Dec-08 Eastern & Oriental Bhd (E&O) will delay the launch of the first phase of Seri Tanjung Pinang condominiums inPenang amid the current economic slowdown

08-Dec-08 Syarikat Perumahan Negara Bhd has received a boost of RM700 million as part of the RM 7bil economy stimuluspackage to develop low-cost housing projects and revive abandoned projects in 2009

08-Dec-08 The Perak government has approved more than 100 housing, industrial and mixed development projects with mostof them in the Manjung area over the past 8 months, state senior executive councilor Datuk Ngeh Koo Ham said

09-Dec-08 Ireka Corp and its associate firm, London-listed Aseana Properties Ltd, is finalising the master layout plan for a32ha seafront resort and residential development in Kota Kinabalu, Sabah, worth over RM728 million

09-Dec-08 A state-of-the-art community centre designed to cater for the 54,000 residents of Precinct 11 has been granted atemporary Certificate of Fitness (CF) and opened its doors

10-Dec-08 Malaysia Airports Holdings Bhd (MAHB) has completed Phase One of its satellite retail optimisation project, alsoknown as the East Zone, at the KL International Airport (KLIA) in Sepang

10-Dec-08 The Penang Municipal Council has ordered work on a project by DMV Sdn Bhd involving 37 units of three-storeybungalows located at the foot of a slope just below the 18-storey Mar Vista apartments in Batu Ferringhi to bestopped immediately due to poor drainage system

11-Dec-08 Asiatic Development Bhd is reviewing a plan to develop premium outlet shopping centres at multiple sites acrossMalaysia, including a site in Kulai, Johor

11-Dec-08 Officials of the Federal Territories Ministry, Natural Resources Ministry, Public Works Department and City Hallwill announce if three hillside projects namely Medan Damansara 21, Bukit Ceylon and Bukit Gasing, will be al-lowed to continue

11-Dec-08 Selangor Mentri Besar Tan Sri Khalid Ibrahim said that currently 27 projects on hills came under the Ampang JayaMunicipal Council, adding that of these, 10 of them were located in Bukit Antarabangsa and 11 in Melawati

12-Dec-08 The development of the Sarawak Corridor of Renewable Energy (SCORE) stretching from Tanjung Manis to Simi-lajau and into the hinterlands covering 70,000km sq of Sarawak, is expected to attract a flurry of property develop-ments catering for the migration from the rural to urban areas and benefit construction companies

12-Dec-08 Hunza Properties Bhd has delayed the construction of its RM400 million Gurney Paragon shopping mall project onPenang island, which was initially scheduled to be completed by 2010, until building costs and raw material pricesstablise



Date News

12-Dec-08 Work on the first Legoland theme park in Asia is expected to start in Johor in 2009 as Iskandar Investment Berhad(IIB) will sign a deal tomorrow with the Lego Group, the Danish maker of interlocking plastic bricks, to developthe theme park in Nusajaya

13-Dec-08 The government has frozen the Damansara 21 hillside project, which has been deemed a high-risk development andordered that the construction of the 34-storey block on Lot PT 21, Persiaran Raja Chulan be halted immediately

13-Dec-08 Supportive Holdings International Bhd has acquired Welcome Properties Sdn Bhd, developer of the 48-acre sea-fronting Aman Bayu mixed development in Teluk Air Tawar, Butterworth, Penang

13-Dec-08 MBM Resources Bhd plans to build a high-rise office tower near Mid Valley City and next to the Federal Highwaywhere Volvo's flagship showroom and office of Federal Auto Holdings Bhd are presently sited

13-Dec-08 Hijauan Heights Sdn Bhd is transforming 1,000 acres of land in Pedas, Negeri Sembilan, into a unique proportionof bungalows within a gated orchard haven

14-Dec-08 Chee Seng Gardens residents want the Penang government to immediately stop the Surin Bolton apartments projectby GLM Property Development Sdn Bhd, fearing for a repeat of the Bukit Antarabangsa disasters

14-Dec-08 Residents living next to the Delima Palace Island Glades condo project in Penang want the project to be stopped,for fear of a repeat of the Bukit Antarabangsa disaster after rock-blasting caused damage to their homes

15-Dec-08 The RM1.3 billion new Sultan Iskandar Customs, Immigration and Quarantine (CIQ) complex in Johor will befully operational tomorrow and replace the Causeway checkpoint in the city centre, which will be closed.

15-Dec-08 I-Bhd is considering to form a joint venture with a foreign institution, which may be CapitaLand Ltd, to build aworld-class shopping complex that will have one million sq ft of gross lettable area

16-Dec-08 TA Enterprise Bhd is buying a freehold five-star hotel known as “The Westin Melbourne” in Australia forRM389.12mil from RPHT Pty Ltd and RPHT Operations Pty Ltd

16-Dec-08 The government will spend RM90 million to revive the construction of two abandoned district police headquarterscomplexes in Kedah, namely the Yan and Pendang police headquarters

16-Dec-08 The Real Estate and Housing Developers’ Association Malaysia (REHDA) has called on the authorities to recon-sider the plan to impose immediate blanket ban of hill slope projects following the Bukit Antarabangsa landslide

17-Dec-08 Despite turbulent times ahead, Tune Hotels.com is set to open three new hotels by the first quarter of 2009 inKuching, Penang and the Low Cost Carrier Terminal (LCCT) respectively

17-Dec-08 Despite the troubled global economy, Gamuda Bhd will keep working on the Yen So Park project, which boasts agross development value of RM8 billion to RM10 billion over 10 years

17-Dec-08 Gamuda Bhd expects the completion of its electrified double tracking project linking Ipoh to Padang Besar to bepostponed by one year due to a delay in land acquisitions

17-Dec-08 The proposed city bus terminal project in Shah Alam has not been shelved but revised to a smaller scale centralstation complex to replace the temporary terminal for long distance bus services in Section 17

18-Dec-08 MK Land Holdings Bhd is clearing the slope beside the Metropolitan Square commercial block as part of thegroundwork for the Metropolitan Square serviced apartment project at Damansara Perdana in Petaling Jaya

18-Dec-08 Hua Yang Bhd plans to launch a mixed development project on 17.89 acres in Sungai Besi, with a gross develop-ment value of RM700mil, in the second half of 2009

19-Dec-08 Sime Darby Bhd will invest in a massive development based on five themes namely health, education, sports, hi-tech and recreation, at its present Labu and Tanah Merah estates covering some 12,120ha, with the first launch ex-pected in 2009

19-Dec-08 Wisma Hamzah Kwong Hing in Lebuh Ampang owned by Kwong Hing Group has been renovated and now en-cased in a reflective gold-coated glass skin. The renovation cost about RM16 million



Date News

19-Dec-08 Dijaya Corp Bhd is planning to launch three new projects within the Tropicana area over the next one year, namelythe Tropicana Grande, Tropicana Avenue, a commercial centre; and Pool Villas, comprising semi-detached villas

20-Dec-08 Mah Sing Group Bhd will have about nine parcels of projects in the semi-detached and detached house segment forlaunch in 2009, including our garden bungalows in Hijauan Residence, One Residence, Kemuning Residence, Star-Parc Point and Southgate Commercial Centre in the Klang Valley; Sierra Perdana and Sri Pulai Perdana 2 in JohorBaru; and Residence@Southbay and Legenda@Southbay in Penang

20-Dec-08 YTL Land & Development Bhd has no plans of delaying any projects despite the present economic downturn, in-cluding the plan to launch its Parkville homes in Lake Edge, comprises 8 bungalows and 8 semi-detached homes

20-Dec-08 Sunrise Bhd has four other ongoing projects, namely 10 Mont Kiara (90% sold), 11 Mont Kiara (80% sold), MontKiara Meridin (90% sold) and Solaris Dutamas, all of which will be completed in the next two years

20-Dec-08 20trees by SDB Properties Sdn Bhd and Amberhill by Pembinaan Asmegah Sdn Bhd are causing worries to resi-dents of Taman Melawati Phase 7

20-Dec-08 IJM is developing 3 projects on hillsides in Ampang Jaya, namely Monte Bayu and Sh'ng Villa in Cheras and Sere-nia Gardens in Ukay Heights and is reassuring that a team of geotechnical experts are advising on the development

20-Dec-08 Perkuat Kuari Sdn Bhd, which is developing the Taman Bukit Permai project in Cheras, does not expect any prob-lems with the decade-long project, and plans to launch bungalows in 2009

20-Dec-08 Bolton Bhd is buying into Zahari Holdings Sdn Bhd, which owns 4,331 sq metres of land in Kuala Lumpur, forRM6 million, and has an order from Kuala Lumpur City Hall to construct a 16-storey condominium block

20-Dec-08 The US$1.8bil resort-type residential complex project invested by Berjaya Land Bhd in Jeju, South Korea, willserve as a turning point in Jeju’s rebirth as a global destination for recreation and tourism

20-Dec-08 YNH Property Bhd plans to launch its Kiara 163 mixed development project in Mont Kiara targeted at both localbuyers and expatriates in the first quarter of 2009

21-Dec-08 Penang's government will issue a stopwork order on two development projects in Tanjung Bungah as they couldaffect the safety of residents living near the hillslopes

21-Dec-08 EduCity, a 123.4-hectare project under Iskandar Investment Berhad (IIB), which is poised to be the educational hubin Johor, is expected to be ready by 2018

22-Dec-08 Syarikat Prasarana Negara Bhd (SPNB) is expected to launch tenders for the extension of RapidKL Light RailTransit (LRT) system by as soon as the first quarter of 2009

22-Dec-08 Vantage Lifestyle Sdn Bhd is offering The Serai, a gated and guarded freehold development, to be assessed by theBuilding and Construction Authority of Singapore under its stringent Construction Quality Assessment System

23-Dec-08 The Sarawak Economic Development Corporation's five-year plan to upgrade major tourism properties in Sarawakincluding the refurbishment of the Kuching Waterfront, the Holiday Inn Kuching and the Crowne Plaza RiversideKuching, as well as the Sarawak Cultural Village and Top Spot Food Court in Kuching, will kick off in 2009

23-Dec-08 Over the coming two years or when the economy stabilizes, FCW Holdings Bhd may construct condominium andcommercial properties on a freehold in Segambut it acquired in 2007

23-Dec-08 The East Coast Economic Region's biggest fruit park covering over 3,600ha in Lanchang near Temerloh will belaunched by Prime Minister Datuk Seri Abdullah Ahmad Badawi in January 2009

23-Dec-08 GLM Property Development Sdn Bhd, the developer of the upmarket Surin Bolton Apartments, has been issued astop-work order, for carrying out rock blasting at a hillslope in Tanjung Bungah

23-Dec-08 The Penang Municipal Council has issued a stop-work order to Taman Ratu Developers Sdn Bhd, which is devel-oping the Beverly Hills hillslope project, for allegation of not following the procedures in carrying out soil stabili-sation works



Date News

24-Dec-08 Sunrise Bhd's agreement signed with Malaysia Commercial Development Fund Pte Ltd (MCDF) to sell MK20, amixed development project in Mon’t Kiara, for RM767mil, has been cancelled

24-Dec-08 Sime Darby Bhd will complete the new low-cost carrier terminal (LCCT) project in Labu, Negri Sembilan, byMarch 2011, and then sell the new terminal dubbed "KLIA East@Labu" to AirAsia Bhd

24-Dec-08 The government will conduct a feasibility study on the proposed 52 kilometres bridge linking Malacca to Dumai inSumatra, Indonesia

25-Dec-08 Central Spectrum (M) Sdn Bhd is developing a 2129.6ha in Pulau Indah into integrated township, which consists ofindustrial (61%), residential (35%) and commercial (4%) properties

25-Dec-08 The Klang Municipal Council (MPK) has decided to move bus operations to Klang Sentral and shut down theKlang Utara Bus Terminal in Jalan Pos Baharu and the express bus and taxi terminal in Lorong Kepayang

27-Dec-08 NBC Land Sdn Bhd plans to launch the second phase of its Jelutong Heights residential project after the 2009 Chi-nese New Year

27-Dec-08 Magna Prima Bhd plans to build mid to high-end landed properties with an estimated gross development value(GDV) of RM300mil in the next three years, which is a change from the developer's traditional high-rise residentialmarket

29-Dec-08 The development of a commercial hub on the Football Association of Selangor (FAS) field in Kelana Jaya has notbeen objected by residents in the surrounding area like Taman MegahMas, Taman Mayang and Ara Damansarabut also from other residents around Petaling Jaya

29-Dec-08 The Nomad Group Bhd plans to invest about RM4mil to open its latest office in the Philippines by the first quarterof 2009 and has shortlisted two buildings in the central business district of Manila

30-Dec-08 YTL Corp Bhd plans to launch two resorts off the coast of Sabah and a hotel in the Klang Valley for RM200 mil-lion by early 2009, with the hotel to be called Majestic Kuala Lumpur

M A J O R C O R P O R A T E D E A L S I N 2 0 0 8

Date Vendor /Purchaser

Property description Consideration

AGRICULTURE

Feb-08 Perak Fruits & Dev CorpSB / Seni Perintis SB

A parcel of leasehold agricultural land with land area of about 1,003.6acres in Mukim of Sungkai, District of Batang Padang, Perak

RM23 million

Feb-08 Lembayung Sukma SB /Putrajaya Resources SB

21 parcels of orchard land with combined land area of 352.165 hectares(869.85 acres) in Mukim of Belanja, District of Kinta, Perak

RM45.49 million

May-08 Equator Biotech SB /Several purchasers

11 parcels of agriculture lands with total land area of 55.4109 acres inMuar, Johor

RM2.11 million

Aug-08 Boustead Rimba Nilai SB /Al-Hadharah BousteadREIT

Two (2) plantation estates known as Malakoff Estate in Penang(1,399.22 hectares) and Bebar Estate in Pahang (2,340.58)

RM192.4 million(sell & leaseback)

Nov-08 Johor Corporation / KFCHoldings (Malaysia) Bhd

A piece of 40-acrea leasehold land within Ladang Kuala Kabung, Dis-trict of Kulaijaya, State of Johor Darul Takzim

RM10.4 million





Jan-08 UEM Land Sdn Bhd /Tiong Nam Logistics SB

A parcel of freehold agricultural land with a total land area of 19.31acres in Nusajaya, Johor Bahru. The purchaser intends to construct anindustrial warehouse on the land

RM17.66 million

Jan-08 Several individual vendors /Mah Sing Properties SB

Eight (8) parcels of contiguous land in Johor Bahru, with collectiveland area of 60.43 acres. The purchaser intends to develop the land intoSri Pulai Perdana 2, Johor Bahru

RM21.06 million

Jan-08 Kee Hup Properties SB /Impiana Impresif SB

A piece of freehold land designated for ‘Bangunan Perniagaan’ withtotal land area 102,201 square metres. The land fronts onto FederalHighway at Subang Jaya area

RM125.86 mil-lion

Jan-08 Several individual vendors /Sabna Development SB

A piece of residential land measuring 3,029.99 square metres alongChangkat Kia Peng, Kuala Lumpur city centre, together with two (2)bungalow houses erected thereon

RM55.46 million

Jan-08 Alpine Accord (M) SB /Crescent Consortium SB

Three (3) parcels of land in Bandar Batu Feringgi, North-East District,Pulau Pinang with total land area of 19,023 square metres

RM24.57 million

Jan-08 Batang Padang Oil & FatProducts SB / Yee LeePalm Oil Industries SB

A piece of leasehold land situated within Mukim Bidor, Batang PadangDistrict, Perak with land area of 32,404 square metres. The land is sitednear to the existing Yee Lee Group factory. The land is intended forfuture expansion

RM1.15 million

DEVELOPMENT LANDS

Jan-08 Cyberview SB / GlomacJaya SB

A parcel of development land sited within the Enterprise Zone, Cyber-jaya with total land area of 8.1283 acres

RM21.24 million

Jan-08 Perfect Resources (M) SB /Supreme Essence SB

Two parcels of leasehold vacant industrial land sited within the Selan-gor Science Park, Kota Damansara. The lands, measuring 13.21 acreshas the potential to be developed into a high-tech industrial project

RM30.77 million

Feb-08 Sunhom SB / SeleksiMegah SB

A leasehold vacant industrial land measuring 4.33 acres and known asLot 9, Jalan Teknologi 3/1, Taman Sains Selangor 1, Kota Damansara,Petaling Jaya

RM19.41 million

Feb-08 Oji Screens SB / SeleksiMegah SB

A leasehold vacant industrial land measuring 5.12 acres and known asLot 7, Jalan Teknologi 3/1, Taman Sains Selangor 1, Kota Damansara,Petaling Jaya

RM20.52 million

Feb-08 Beta Fame SB / Nadi JelitaSB

Four (4) parcels of freehold agriculture lands sited between Bantingand Teluk Panglima Garang. The purchaser intends to develop the93.418 acres of land into a mixed development project

RM29.5 million

Feb-08 Several individual vendors /Dijaya Property SB

Two (2) parcels of agriculture land with potential for mixed develop-ment. The lands, which have collective land area of 26.77 acres, aresited within Cheras locality

RM18.66 million

Feb-08 Several vendors / HunzaProperties (Wilayah) SB

Two (2) contiguous parcels of freehold land in Mukim of Batu, KualaLumpur. The lands have collective land area of 2.54 acres

RM21.29 million

Mar-08 Nusajaya Rise SB / Janaha-sil SB

A parcel of ten (10) acre of agriculture land in Bandar Nusajaya, JohorBahru. The acquisition forms part of the purchaser’s plan to expand itseducation services

RM13.07 million





Mar-08to Jun-08

Several vendors / CepatWawasan Group Bhd

Three (3) parcels of residential land with total land area of 57,352square feet together with a two (2) storey detached house in DamansaraHeights, Kuala Lumpur. The purchaser plans to develop six (6) units ofdetached houses on the lands

RM19.63 million

Apr-08 Pembinaan Amal CekapSB / Triple Equity SB

142 plots of commercial lands of 20’ x 65’ in Taman Mutiara Puchong.Collectively, the lands have land area of 197,199 square feet

RM14.5 million

May-08 Several individual vendors /Srijang Kemajuan SB

12 parcels of agriculture land potential for mixed development. Theland, which has total land area of 273.387 acres, is sited about 2.5 kmfrom Kajang town

RM77.93 million

May-08 Masasan Sdn Bhd / TanahEmas Corporation Bhd

A parcel of development land with land area of 2.427 hectares sitedalong Mile 3.5 North Road, Sandakan, Sabah

RM3.9 million

Jun-08 KCB Trading SB / MagnaUniverse SB

A parcel of development land approved for development of 108 condo-minium units in a 40 storey building and 3 storey basement car parks inKuala Lumpur city centre. The land size is 5,221 square metres

RM84.3 million

Jun-08 UEM Land Bhd / DAMACProperties (Malaysia) SB

A parcel of agriculture land with land area of 43.54 acres in Puteri Har-bour, Bandar Nusajaya, Johor Bahru. The land is proposed for the de-velopment of an integrated waterfront development consisting residen-tial, commercial, retail and leisure facilities

RM396.44 mil-lion

DEVELOPMENT LANDS (cont…)

Jun-08 Damansara Residences SB /Morning Valley SB

A parcel of agriculture land measuring about 3.111 hectares with po-tential development of 42 units of villa homes. The land is sited nearGleneagle Hospital in Ampang, Kuala Lumpur

RM20 million

Jun-08 UEM Construction SB /UEM Land Bhd

20 parcels of development land Bandar Nusajaya, Johor Bahru. Thelands have collective land area of 57.2 acres

RM46.15 million

Jul-08 Mutiara Rini SB / GlomacAl Batha Mutiara SB

Two (2) parcels of commercial land approved for commercial buildingin Mutiara Damansara, Petaling Jaya

RM38.69 million

Jul-08 Bandar Setia Alam SB /Greenhill Resources SB

A parcel of commercial land measuring 30.5 acres in Precinct 1, SetiaAlam, Mukim Of Bukit Rajah, Petaling District, Selangor

RM119.57 mil-lion

Jul-08 Damansara Realty (Johor)SB / SPM Restaurants SB

A parcel of commercial land with land size of 1.18 acres in TamanDamansara Alif, Johor Bahru. The land is intended for the develop-ment of a restaurant

RM4.03 million

Jul-08 Sarawak Plantation Prop-erty Holding SB / SealinkSB

A parcel of development land sited within Block 4 Miri ConcessionLand District measuring approximately 1.9441 hectares

RM9.03 million

Jul-08 Central Spectrum (M) SB /Inai Kiara SB

A parcel of undeveloped land in Pulau Indah, Pelabuhan Klang withland size of 125.54 acres

RM30.08 million

Jul-08 Kurnia Setia Bhd / KurniaSetia Development SB

A parcel of 1,500 acres land planned for a mixed development knownas Kota Sri Ahmad Shah, Kuantan, Pahang

RM30.64 million

Jul-08 MBSB Development SB /Malaysian Resources Cor-poration Bhd

A parcel of development land measuring 13,533 square metres. Theland is intended for the development of high-end service apartments

RM26 million





DEVELOPMENT LANDS (cont…)

Sep-08 Ooi Cheang Cheang(individual) / ENCORPBhd

A 5.831acre freehold vacant land which has no restriction in interestand category of use in Batu Feringgi, Penang Island. The intended useof the Property is for future residential development

RM15.5 million

Sep-08 United Overseas Bank(Malaysia) Bhd / Asia Pa-cific Land Bhd

A piece of 11.312acre vacant land in Bandar Batu Ferringhi, DaerahTimur Laut, Negeri Pulau Pinang

RM6 million

Sep-08 Central Spectrum (M) SdnBhd / PMB Carbon SB

A vacant land designated for industrial purposes in Lot 6, Section 1,Mukim & District of Klang, State of Selangor Darul Ehsan measuringapproximately 7.5 acres

RM2.614 million

Sep-08 Central Spectrum (M) SdnBhd / PMB Carbon SB

A vacant land designated for industrial purposes in Lot 7, Section 1,Mukim & District of Klang, State of Selangor Darul Ehsan measuringapproximately 32.36 acres

RM11.28 million

Nov-08 Pesta Pelindung SB / RapidSynergy Bhd

A freehold land measuring approximately 38,300 square meters in Lu-mut, Perak

RM7.413 million

Nov-08 Supreme Springs SB / LinkMart SB

A 2.12ha of freehold land in Setapak, Kuala Lumpur RM13 million

Nov-08 Spring Harmony SB /Amanbay SB

A vacant leasehold land measuring approximately 2.681 ha known asLot 428, Mukim 17, Tempat Tanjung Bungah, Daerah Timur Laut,Penang

RM 5.2 million

Dec-08 OFI Properties SB / SPMRestaurants SB

A piece of leasehold vacant land measuring approximately 3,981square metres which form part of Lot No. 4260, Mukim Bukit Katil,Melaka Tengah, Melaka

RM 3.13 million

Dec-08 Dyner Resources SB /Asas Dunia Bhd

A vacant freehold first grade land measuring approximately32755.2525 square metre off the eastern side of Jalan Rozhan and tothe east of Taman Impian Ria, Bukit Mertajam, Seberang Perai Ten-gah.

RM 1.97 million

Jan-08 Capital Square SB / UnionInvestment Real Estate Ak-tiengesellschaft

A 41 storey purpose built office building with about 600,000 squarefeet salable areas together with 461 car parks to be developed in Cap-Square project in Kuala Lumpur city centre

RM439.32 mil-lion

Jan-08 Quill Contracts SB / QuillCapita Trust

4 storey building known as Quill Land & Building 10-HSBC Section13, Petaling Jaya currently leased to HSBC Bank. The building has netlettable area of 58,428 square feet

RM22.74 million

Jan-08 Quill Logistics SB / QuillCapita Trust

3 storey building known as Quill Land & Building 8-XPJ in SectionU1, Shah Alam currently leased to DHL Express. The building has netlettable area of 65,205 square feet

RM28.8 million

OFFICES

Jan-08 Quill Land SB / Quill Cap-ita Trust

5 storey building known as Quill Building 5 (currently tenanted byIBM Malaysia Sdn Bhd) in Cyberjaya. The building has nettable areaof about 80,000 square feet

RM43 million





OFFICES (cont…)

Jan-08 Magna Tiara DevelopmentSB / UOA Reit

Wisma UOA Pantai, a 5 storey office building with 2 mezzanine floorsand 3 levels of basement car park erected in Pantai locality, KualaLumpur. The building has net lettable area of 157,481 square feet

RM86 million

Jan-08 Sunrise Century SB / Wide-tech (Malaysia) Bhd

Four (4) parcels of office lots within a nine (9) storey building in So-laris Mont Kiara. The collective office size is 14,713 square feet

RM6.35 million

Mar-08 Glomac Al Batha SB /Prestige Scale SB

A grade ‘A’ purpose built office building sited at the corner of JalanPinang and Jalan P Ramlee, in the vicinity of KLCC area. The build-ing, which is currently under construction will have total net lettablearea of 515,000 square feet

RM576.85 mil-lion

Mar-08 KUB Realty (PJ) SB / ParkResidence Development SB

Block D, Megan Avenue II, Jalan Yap Kwan Seng, Kuala Lumpur.The building has nettable area of 336,527 square feet

RM86.5 million

Apr-08 HeiTech Padu Bhd / Per-modalan Nasional Bhd

Menara HeiTech Village, a 16 storey office building sited along Persi-aran Kewajipan, Subang Jaya

RM65 million(sell & leaseback)

Apr-08 PJ City Development SB /Hong Leong AssuranceBhd

A six (6)-storey office building together with two (2) levels of base-ment car parks. The building, which is currently under construction,will have a net lettable area 172,041 square feet

RM75.7 million

Apr-08 Teemgold Corporation SB /

Priceworth Wood ProductsBhd

A 9 storey office building and car park, which is sited at Mile 4, NorthRoad, Sandakan, Sabah. The building, which is currently under con-struction, forms part of a office cum shopping complex

RM18.8 million

May-08 Chase Perdana Bhd / SittTatt Bhd

3 floors of strata titled office space at Wisma Chase Perdana, Daman-sara Heights together with 117 car park bays. The office size is 80,975square feet

RM37.81 million

Jul-08 Star Residence SB / PromptSymphony SB

En bloc sale of 263,435 square feet in the East Wing of the Icon@TunRazak, Kuala Lumpur. construction of The Icon@Tun Razak is ex-pected to be completed in the first half of 2009. Upon completion nextyear, this office shall be only one (1) of two (2) new Grade A offices tocater to the increasing demand for quality office space in the vicinity ofthe Kuala Lumpur City Centre

RM237.092 mil-lion

Aug-08 Menara Citi Holding CoSB, Capitaland Ltd, Am-steel Corp Bhd / IOI CorpBhd

A purpose built office building known as Menara Citibank at JalanAmpang, Kuala Lumpur, with 100,115sqm strata floor area.

The gross acquisition value is based on RM1,000 per sqft. IOI CorpBhd acquired Inverfin Sdn Bhd, which owns Menara Citibank

RM586.730 mil-lion

Nov-08 Reco City SB / ING Insur-ance Bhd

Menara Standard Chartered in Kuala Lumpur, with a total tenantablearea of the building is about 345,000 sq ft

RM328 million

Feb-08 Wetex Realty SB / HektarREIT

A five (5) storey shopping complex known as Wetex Parade, with totalretail area of 178,742 square feet. The complex is sited is sited inMuar , Johor

RM93.5 million

RETAIL





RETAIL (cont…)

May-08 IJM Properties SB / QuillCapita Trust

A three-storey building leased to Tesco hypermarket, expiring in Au-gust 2032, in Jelutong town, Penang. The building has gross floor areaof 275,020 square feet

RM132 million

HOTEL

Feb-08 Wetex Realty SB / HektarREIT

A hotel tower known as Classic Hotel in Bandar Maharani, Muar. Thehotel has 156 rooms

RM24 million

Jan-08 Ya Horng Electronic (M)Bhd / JCY HDD Technol-ogy SB

A piece of 60 years leasehold industrial land measuring about 9.33acres in Mukim 13, Daerah Seberang Perai Tengah, Pulau Pinang

RM4.88 million

Jan-08 Niro Ceramic (M) SB /Axis REIT

A 60 year leasehold single storey warehouse building with a 3-storeyoffice sited on a 2.43 hectares in Pasir Gudang Industrial Estate, JohorBahru. The factory has gross floor area of 171,000 square feet


Jan-08 Oriental Pulse SB / AxisREIT

A 60 year leasehold industrial property comprising a single storey de-tached factory with gross floor area of 130,731 square feet. The factoryis sited in Pasir Gudang Industrial Estate, Johor Bahru


Feb-08 Perbadanan MemajukanIktisad Negeri Tereng-ganu / Pangkalan BekalanKemaman SB

Two parcels of land measuring 21.42 acres sited within Mukim TelukKalong, District of Kemaman, Terengganu. The land is earmarked forsetting up a major fabrication yard

RM6.32 million

Feb-08 Yuen Foong Yu EnterpriseSB / Harta Packaging In-dustries (Perak) SB

Three (3) pieces vacant industrial land measuring 11.9 acres in Seber-ang Perai Selatan, Pulau Pinang. The Proposed acquisition will enablethe HPI Group to increase the capacity of its existing plant operations

RM4.15 million

Mar-08 Paos Industries SB / KYSEnterprise SB

A 99 year leasehold factory with land area of 48,385 square metres inKawasan Perindustrian Bukit Raja, Klang. The factory is currentlyused as warehouse

RM20.5 million

Apr-08 Well-Built Holdings SB /Axis REIT

An industrial factory currently tenanted to and occupied by Celestica(AMS) SB sited at Jalan Seelong, Senai, Johor. The factory has landand gross floor areas of 2.05 hectares and 10,646.68 square metres,respectively

RM13 million

Apr-08 Boon Koon Vehicles Indus-tries SB / Euro Chemo-Pharma SB

A parcel of vacant industrial land with land area of 23,520 square me-tres in Bukit Jelutong Industrial Park, Shah Alam

RM11.15 million

Apr-08 The New Straits TimesPress (Malaysia) Bhd /Cerebos (Malaysia) SB

A parcel of vacant industrial land with land area of 20,234 square me-tres in Bukit Jelutong Industrial Park, Shah Alam

RM13.67 million

INDUSTRIAL

Apr-08 Mithril Clay ManufacturingSB / Tey Eng Thiam SB

A parcel of vacant industrial land measuring 3.5975 hectares in Mukimof Sri Medan, District of Batu Pahat, Johor

RM1.01 million





INDUSTRIAL (cont…)

Apr-08 Mithril Saferay SB / SPMRealty SB

A parcel of industrial lands together with a building (factory) erectedthereon at Jalan Damai, Kampung Boyan, Taiping, Perak

RM1.3 million

Apr-08 Moltec Precision SB /Power Root Marketing SB

A single storey semi-detached factory and double storey office space inTaman Perindustrian Tago, Sri Damansara. The factory has land andfloor areas of 19,300 and 14,364 square feet, respectively

RM3.75 million

Apr-08 Tan Mung Lee & Sons SB /Lysaght Galvanized SteelBhd

2 pieces of leasehold industrial land with combined land area of222,317 square feet in Tasek, Ipoh

RM3.33 million

Jun-08 Tham Kok Hong & SonsSB /Trans-Asia ShippingCorporation Bhd

A leasehold industrial land together with a factory erected thereon inTaman Perindustrian Bayan Lepas

RM7.15 million

Jun-08 Tzel Assets SB / J. K. WireHarness SB

2 parcels of land measuring 23.79 million together with a detachedfactory measuring 137,072 square feet floor area. The factory sitedwithin Mukim and District of Batang Padang, Perak

RM23 million

Jun-08 AHB Technology SB /Dexx Technologies SB

A freehold industrial land measuring 53,088 square feet erected with afactory building at Jalan Maktab, Seri Kembangan, Selangor

RM2.6 million

Jul-08 Mission Theme SB / DPSIndustries SB

A piece of industrial land (2.596 hectares land area) together with asingle storey factory building in Kawasan Perindustrian Bukit Rampai,Melaka

RM7.5 million

Jul-08 Malaysian Assurance Alli-ance Bhd / Trans-AsiaShipping Corp Bhd

A parcel of 60 year leasehold land in Perai industrial area, measuring20,611.47 square metres together with a factory complex

RM10.7 million

Jul-08 Pro-Expert SB / UMWFabritech SB

3 parcels of vacant leasehold industrial land measuring 24.561 acres tobe developed into an oil and gas fabrication yard in Lumut, Perak

RM30 million

Aug-08 Harvest Rimba SB / AlamMaritim (M) SB

Several parcels of land with total land area of 35 acres, which is to bedeveloped as a base for shipbuilding, ship repairs and maintenance ofvessels

RM10.62 million

Aug-08 Industrial Concrete Prod-ucts Bhd / Golden JomalinaFood Industries SB

A parcel of vacant industrial land measuring 107,095 square metres inBandar Sultan Sulaiman, Klang

RM27.1 million

Sep-08 Hong Brothers HoldingsSB / Cymao Holdings Bhd

A parcel of land measuring 1.7654 hectares together with the plymillfactory erected thereon situated in Kapar, Klang, Selangor Darul Ehsan

RM7.25 million

Sep-08 Cahaya Nurani (M) SB /CFA Logistik SB

A piece of leasehold land of approximately 49,323 square metres to-gether with the buildings erected thereon comprising one warehousewith ancillary two storey office space in Bandar Sultan Sulaiman,Klang, Selangor

RM18 million

Sep-08 Singatronics (Malaysia)SB / Magnalite SB

A piece of leasehold commercial land measuring approximately 2.48acres together with a factory erected thereon at Lot 20, Kulim Indus-trial Estate, 09000 Kulim, Kedah Darul Aman. The built-up area of thefactory is approximately 6,624 square meters and the approximate ageof the building is twenty six (26) years

RM3.9 million





INDUSTRIAL (cont…)

Sep-08 Bizlot (M) SB / Axis REIT A 35-year single storey detached warehouse annexed with a doublestorey office/showroom with an net lettable area of 118,017sqf on a 99year leasehold land in Jalan 219, Section 20A, Petaling Jaya

RM32 million

Sep-08 Penang Development Cor-poration / Ajiya SafetyGlass SB

A piece of 1.56-acre industrial land in Daerah Seberang Perai Tengah,forming part of Mukim 13 Plot 248(a), Bkt Minyak Industrial Park.The land will be used for the group's future expansion

RM831.580 mil-lion

Sep-08 Central Spectrum (M) SB /PMB Carbon Sdn Bhd

A piece of land measuring approximately 7.5 acres designated for in-dustrial purposes and currently vacant in Lot 6, Section 1, Klang, Se-langor

RM13.891 mil-lion

Sep-08 Central Spectrum (M) SB /PMB Carbon SB

A piece of land measuring approximately 32.36 acres designated forindustrial purposes and currently vacant in Lot 7, Section 1, Klang,Selangor

RM11.277 mil-lion

Sep-08 Duopharma (M) SB / Him-pun Menang SB

A 252,671 square feet vacant freehold industrial land in Mukim andDistrict of Klang, State of Selangor Darul Ehsan

RM8.131 million

Oct-08 Lee Yew Hock (individualvendor) / Superlon World-wide SB

A parcel of vacant freehold industrial land measuring approximately1.1713 hectares situated adjacent to one of the existing factories ofSuperlon in Klang, Selangor

RM5.7 million

Oct-08 Ho Wah Genting KintronSB / Ivan Khor PropertyHolding SB

Two two pieces of leasehold lands together with buildings erectedthereon - a single-storey factory, two single-storey factory buildingsand one unit of warehouse, with a total land area of 327,876 sqf, inKawasan Perusahaan Kulim, Kedah

RM7 million

Oct-08 Alpine Pipe ManufacturingSB / K. H. L. SB

A freehold land at Jalan Haji Abdul Manan, Batu 5½, Off Jalan Meru,41050 Klang, Selangor Darul Ehsan together with a single storey fac-tory cum a double storey office premises erected thereon

RM71 million

Nov-08 Ajiya Safety Glass SB /Asia Roofing Industries SB

The property is an industrial plot of irregular shape with a provisionalarea of 3.3741 ha (8.3376 acre) in Mukim of Buloh, Kasap, District ofSegamat, Johor

RM146,976

Nov-08 GTR Ceramics SB / Top-pan Forms and SecurityPrinting SB

A land and a semi-detached factory (undisclosed size) in Klang, Selan-gor

RM1.82 million

RESIDENTIAL

Jun-08 Berjaya Times Square SB /Dian Kristal SB

Acquisition of 32 units of fully furnished service suite in the BerjayaTimes Square mall, Kuala Lumpur with a total 21,765 square feet floorareas

RM13.3 million

Jul-08 Saluran Projek Develop-ment SB / LBI Capital Bhd

96 serviced suites sited within a 14 storey service apartment known asKrystal Suites, Jalan Tun Dr Awang, Bayan Lepas (950sft per suite)with total lettable area of 95,000 square feet

RM26.5 million

Re pr es en ta ti ve of fi ce s

JS Valuers Group, which is registered with the Board of Valuers, Appraisers & Real Es-tate Agents, provides full range of real estate consultancy services. Currently, with eleven(11) offices located throughout Malaysia, the group continuously provides high qualityprofessional services to our valued customers. Amongst the services offered are:

Valuation Estate agency & project marketing Research & consultancy Auction Property management

If you have any enquiries withregard to the content of this re-view, please do not hesitate tocontact:

Mr. Chan Wai SeenDirector, Research & ConsultancyTel: 603-2162 4133Fax: 603-21524188Email: [email protected]: www.jsvaluers.com.my

Kuala Lumpur (HQ) Unit No. B-10-14, Block BMegan Avenue II12, Jalan Yap Kwan Seng50450 Kuala Lumpur, Malaysia

Tel: 603-2162 4133Fax: 603-2162 4188Email: [email protected]

Kota Kinabalu Unit B1123, 11th FloorWisma Merdeka Phase IIJalan Tun Razak80000 Kota KinabaluSabah, Malaysia


Sandakan 1st Floor, Lot 4, Block 11Lorong 2, Bandar IndahMile 4, Jalan UtaraSandakan, Sabah, Malaysia


Tawau Lot 5, Block 31, 2nd FloorFajar Complex91000 TawauSabah, Malaysia


Pulau Pinang Room 105, 1st FloorNo. 21, Lebuh Pantai10300 Pulau Pinang, Malaysia


Johor No. 32A-1B, 2nd FloorJalan Rahmat, 83000Batu Pahat, Johor, Malaysia


Selangor No. 52 (1st Floor)Jalan SS 15/4C, Subang JayaSelangor, Malaysia


Miri Lot 760, 1st FloorJalan Merpati, PO Box 162398008, Miri, Sarawak, Malaysia


Melaka No. 669A, Jalan Melaka Raya 8Taman Melaka Raya75000 Melaka, Malaysia


Perak Lot 114A-1 (Ground Floor)Kaying Association Building114, Jalan Sultan Yussuf30000 Ipoh, Perak, Malaysia


Research & Consultancy Unit No. B-10-14, Block BMegan Avenue II12, Jalan Yap Kwan Seng50450 Kuala Lumpur, Malaysia


Disclaimer

The information contained hereinis derived from sources which webelieve to be reliable. This publi-cation is on the basis that the in-formation made available to us isaccurate and complete. All opin-ions and estimates expressedherein reflect our judgment as ofthis date and are subject to changewithout notice.

JS Valuers Group accepts no re-sponsibility if this should proveotherwise. No liability can be ex-tended for any loss arising fromthe use of this publication.

This report is the property of JSValuars Research & ConsultancySdn Bhd and cannot be copied orreproduced without written con-sent from the company

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