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Property Monitor


Malaysian Real Estate

 
Mixed prospects in property sector
Different outlooks for different pockets of sector. LAST year was quite an eventful one for the local housing market with strong demand and record prices registered in key property hot spots that included the Klang Valley and Penang.

RM800mil projects in Klang Valley and Ipoh next year
GEORGE TOWN: Andaman Property Group, which is based in Kuala Lumpur, will develop six property projects with a gross sales value (GSV) of RM800mil in the Klang Valley and Ipoh next year.

UK’s Mace Group to invest RM3b in M’sia
It targets projects in economic development corridors

KUALA LUMPUR: The Mace Group of the United Kingdom, a global consultancy and construction giant, will invest RM3bil in Malaysia over five years, thus giving foreign direct...

Malaysia sees FDI revival with 10 billion dollar investments
Malaysian premier Najib Razak Monday announced the first projects of a near 450 billion dollar plan to lure foreign investment into the country over the coming decade.

'Malaysia still favoured by investors'
Malaysia continues to be most favoured investment haven for investors, particularly as a gateway to expand not only into the Asean region but also Asia in general, according to leading businessmen.


Economy in Brief

 
Malaysia exports up 11.1% in April
KUALA LUMPUR: Malaysia said Friday its exports, the mainstay of the country's economy, grew 11.1 per cent year-on-year in April on the back of higher demand for gas, palm oil, rubber...

ING Funds sees 7.5% growth for M’sia this year
KUALA LUMPUR: ING Funds Bhd is confident of the outlook for Malaysia's macroeconomy, projecting a gross domestic product (GDP) growth of 7.5% this year and 5% in 2011, driven chiefly by strong private consumption and private investment.

All’s well that ends well for 2010
THE year 2010 has definitely been a year of emerging markets, with Asia (excluding Japan) in the spotlight because of its strong growth.

M'sia may turn out to be the biggest economic surprise in Asia
MALAYSIA is blessed. We sit on a great location in Asia; in a geographically peaceful, fertile land with abundant natural resources.


Market in Brief

 
Setia City Mall 75% taken up a year before opening
KUALA LUMPUR: The Setia City Mall in S P Setia Bhd's Setia Alam township has signed on tenants for over 75% of its net lettable area (NLA) to date. The mall has over 740,000 sq ft NLA. About 160 tenants out of a...

Better transport system, affordable housing in 2011?
2011 can be a year for the common folks and real estate industry players to celebrate if more timely efforts are expended to improve the overall living, working and leisure environment in our cities.

Tax on property rentals
IF you own a property that you rent out, you should know that besides the prospect for ongoing income and capital appreciation, such investments offer deductions which can reduce the income tax on your profits.

Demand for green buildings on the rise
WITH leading multinational corporations at the forefront to lease green office space, the demand for green buildings in Malaysia will continue to rise as environmental awareness grows and more companies embrace the practice of corporate...

REITs: Expanding asset portfolios
The Al-Aqar KPJ real estate investment trust (REIT), the first Islamic healthcare REIT in the world, is among the most active REITs on the local bourse in terms of asset-portfolio expansion.

Hot property mart attracts 'outsiders'
A hot property market has not just pushed existing firms to expand, it is also attracting other players: those who are not in the business in the first place.

Fresh optimism to boost KL stocks
OSK Research and AmResearch both recommend SP Setia as their top pick while other property stocks -- Sunrise, Bandar Raya, IJM Land and Ivory Properties -- get a 'buy' call THE Malaysian stock market may rise this week on renewed optimism...

New rule to cool property speculation
Bank Negara Malaysia has put in place a rule that allows banks to lend only up to 70 per cent of the house value.

Rehda optimistic of property market outlook
KUALA LUMPUR: The Real Estate and Housing Developers’ Association Malaysia (Rehda) is optimistic of the future prospects of the property market in Malaysia.“For the first half of this year, the Rehda Property Industry survey for the first...

Impact of public transport megatrend
Malaysia is often misunderstood and easily dismissed by foreign institutional investors. They tend to view Malaysia as overvalued, or they claim there are no clear catalysts for a potential re-rating. While I agree with the former, I...


Living in Malaysia

 
Mall-in-a-park first of its kind in Malaysia
TWO Malaysian actors plan to open a shopping mall within a park in October next year, said to be the first of its kind in Malaysia.

MRT project necessary to cater for population increase
KUALA LUMPUR: The Mass Rapid Transit (MRT) and high-speed train projects for the Klang Valley must be implemented now to cater for the population increase each year.

BIG grocer to open at art-inspired Publika
Publika, a shopping gallery at Dutamas that is expected to be opened mid-2011, promises a new, exciting and trendy lifestyle for residents of Mont'Kiara and nearby Dutamas, Damansara Heights, Bangsar, Hartamas and Taman Tun Dr Ismail.

Heritage building in historic enclave
Beach Street, one of Penang’s longest streets, served as George Town’s financial and banking hub for decades.

Impressive take-up by foreigners at Gurney Paragon
GEORGE TOWN: Hunza Properties Berhad Group’s (HPB) RM450 million Gurney Paragon condominium project along Gurney Drive has seen an impressive take-up by foreign investors.

The regeneration of Sentul
WHEN the YTL group took over Taiping Consolidated Bhd in 2001, one of the priced assets that came with it was a piece of land in Sentul. Much of the early concept for that master plan development stemmed from the Sentul KTM Komuter station...


Unique Features

 
10MP Focus On Intangible Assets Timely For Economy Transformation
KUALA LUMPUR, June 10 (Bernama) -- The newly-unveiled 10th Malaysia Plan's higher focus on intangible assets is timely and appropriate as it can help structurally transform the economy onto the path of knowledge-based growth, inclusiveness...

Construction, Property And Utilities Stocks To Benefit From 10MP Announcement
KUALA LUMPUR, June 11 (Bernama) -- The equity market is expected to react positively to the unveiling of the 10th Malaysia Plan (10MP) (2011-2015)

Key Points of 10th Malaysia Plan
Following are the key points of the 10th Malaysia Plan (2011-2015) released:

PM tables RM230bil 10th Malaysia Plan
KUALA LUMPUR: The Government has allocated RM230bil for development expenditure under the 10th Malaysia Plan. The allocation will comprise 55% for the economic sector, 30% for the social sector, 10% for security sector and 5% for general...

Highlights of the 10th Malaysia Plan
Following are the highlights of Prime Minister Datuk Seri Najib Tun Razak's speech when tabling the Tenth Malaysia Plan (10MP) at the Dewan Rakyat today:

 


 


 

 

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