http://properties.emedia.com.my The best collection of property related news in Malaysia http://properties.emedia.com.my/listnews.php?propNewsID=1090&CatID=N00 I-Berhad,(4251) developer of the i-City project in Shah Alam yesterday announced several management changes, with founder Datuk Lim Kim Hong making way for a top management team comprising a mixture of youth and experience. Tan Sri Hamad Kama Piah Che Othman, president and group chief executive of state-owned inves Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1089&CatID=N00 Having suffered ageing, outdated and inadequate commercial properties for decades, the inner city neighbourhood of Setapak in Kuala Lumpur is more than ready for something better. That is why CrystalVille Sdn Bhd (CVSB) – the developer behind the Plaza Crystalville 1 and 2 commercial centres in Desa Sri Hartamas Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1087&CatID=N00 Bank Negara's reduction of the Overnight Policy Rate (OPR) and Statutory Reserve Requirement observed by the country's banks can allow home loan borrowers to breathe much easier. Following the OPR decrease of 75 basis points, two leading institutions – CIMB Bank Bhd and Malayan Banking Bhd – swiftly reacted by redu Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1081&CatID=N00 HAP Seng Land Sdn Bhd (HSL) (3034) , the property arm of Hap Seng Consolidated Bhd, will focus on building houses in Sabah and Puchong in Selangor and increasing rental income to sustain revenue this year. "We hope to ride on income from our investment in properties and progress billing from property sales. "We w Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1080&CatID=N00 SABAH'S largest property developer, Hap Seng Consolidated Bhd (3034) , aims to buy more land and buildings in Peninsular Malaysia to grow its property portfolio, a company source said. The company is eyeing a few commercial properties within the Kuala Lumpur city centre area and land in strategic areas within the K Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1079&CatID=N00 Property developer Mah Sing Group Bhd (8583) is mulling over plans to build hotels and resorts in Kota Kinabalu, a project pegged on Sabah's reputation as a tourist attraction. It is learnt that the company may build four- and five-star hotels, a resort and houses that will command a gross development value of arou Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1078&CatID=N00 The Employees Provident Fund (EPF) has hauled up 34 members to court for making fraudulent housing withdrawals. Todate, three offenders have been fined between RM600 and RM2,000 each, with one of them facing a possible one-month jail term. The other 31 cases are still pending before the courts, with the highest numb Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1077&CatID=N00 Malaysia Property Expo's (Mapex) organiser – the Real Estate and Housing Developers Association (Rehda), has called for its participating developers to make special and attractive incentives available at its first expo for the year in March. "It's a good time as any to buy property... the economic slowdown is kee Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1071&CatID=N00 GOLD Coast Kuantan Resort Sdn Bhd, a subsidiary of the STG Group that aims to be listed on the local bourse by 2012, will invest RM10 million in its first property development in the East Coast Economic Region (ECER). The development will consist of 99 apartment suites with full hotel service and will be located wi Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1070&CatID=N00 More than half of the booths for the Malaysia Property Expo(Mapex), to be held from Mar 6 to Mar 8 at the Mid Valley Exhibition Centre in Kuala Lumpur, have been snapped up. The first Klang Valley Mapex series for the year is being jointly organised by the Real Estate and Housing Developers' Association (Rehda) and Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1069&CatID=N00 Increasing domestic consumption and boosting confidence among buyers are key to stimulating the economy in the current year. The Finance Ministry's Valuation and Property Services Department (VPSD) director-general Datuk Abdullah Talith Mohd Thani said "without these measures, the slowing trend becoming evident in t Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1065&CatID=N00 Launching itself into the new year with an aggressive push for its home financing packages, CIMB Bank Bhd (CIMB) says the products on offer for the current year will appeal to "a variety of loan seekers from all walks of life". The bank believes it will garner wide appeal for its conventional HomeLoan, HomeFlexi Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1064&CatID=N00 International consulting and publishing firm Institutional Real Estate Inc (IREI) heralded the new year with the Jan 1 launch of its monthly The Institutional Real Estate Letter-Asia Pacific. IREI, which focuses on serving the institutional marketplace, said the publication aims to be the "preeminent information so Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1063&CatID=N00 When completed by 2011, The Regent Residences Kuala Lumpur will be the only serviced apartments in the city to boast an all-weather underground link to the Petronas Twin Towers, KLCC Park, KL Convention Centre and Suria KLCC. More than that, it is setting new benchmarks in mix hotel and serviced residences developm Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1058&CatID=N00 TH Properties Sdn Bhd is to build a four-star, 400-hundred room hotel at Bandar Enstek in Nilai, Negeri Sembilan. The property developer today signed a memorandum of understanding (MoU) with Seri Pajam Development Sdn Bhd for the project. TH Properties chief executive officer Zaharuddin Saidon said the hotel was Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1056&CatID=N00 Berjaya Corp Bhd (3395) and The Ritz-Carlton Hotel Company plan to develop luxury condominiums that would sell for RM2 billion, as they bet that the rich will continue to splash on high-end property. Berjaya will build some 300 condominiums, to be managed and sold by Ritz-Carlton. A standard 3,000-sq-ft condominium Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1055&CatID=N00 METRO Kajang Holdings Bhd (6114) plans to launch at least three new projects with a gross development value (GDV) of RM1.6 billion this year. Group managing director Datuk Eddy Chen Lok Loi said the company will focus on the medium-to-high-end properties that are resilient even in recession. The company is the b Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1054&CatID=N00 "The reason we care(for the environment) is because we have to," said Senator Penny Wong in her keynote address at the recent Green Design Forum organised by Pertubuhan Akitek Malaysia(PAM). Speaking for the first time here since her appointment as Australia's Minister for Climate Change and Water, Wong addressed a Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1053&CatID=N00 In 10 days time, the Putra Place integrated commercial complex opposite the Putra World Trade Centre in Kuala Lumpur could find a new owner, should the auction to sell it be successful. Notices placed in major dailies since last week highlight the fact that Commerce International Merchant Bankers Bhd (CIMB) has ha Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1047&CatID=N00 Unlike those in the print media, companies involved in the online real estate classifieds market said there are no signs of it succumbing to an advertising slowdown. The number of visitors to property portals is in fact growing, according to operators of websites such as iProperty.com Malaysia, propertrack.com and t Copyright 2008. The NSTP (M) Sdn. Bhd.