http://properties.emedia.com.my The best collection of property related news in Malaysia http://properties.emedia.com.my/listnews.php?propNewsID=1142&CatID=N00 PROPERTY developer Bolton Bhd (1538) will launch four projects worth RM1 billion this year as it is bullish on the market, its chief said. Executive chairman Datuk Azman Yahya expects its property sales to improve 50 per cent next year to some RM425 million. For the financial year ending March 31 2010, Bolton exp Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1141&CatID=N00 Diversified palm oil group Kulim (Malaysia) Bhd plans to dispose its investment property, Menara Ansar, in Johor Baru for RM105 million. The divestment will be satisfied part cash with the company set to receive RM63 million, said managing director Ahamad Mohamad in statement today. The remainder will be via the Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1140&CatID=N00 Bolton Bhd is targeting a gross development value of RM1 billion from four new properties to be launched this year. Executive Chairman Datuk Azman Yahya said the four new properties would be located in prime locations. "The much-awaited "Sixceylon" development in Jalan Bukit Ceylon will be launched in June," Azma Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1138&CatID=N00 Hock Heng Stone Industries Bhd's order book, which currently stands at RM30 million, is expected to increase as the company has submitted bids worth RM50 million to supply dimension stones for several property projects. The dimension stones manufacturer, en route to a listing on Bursa Malaysia's Main Market on March Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1137&CatID=N00 DIVERSIFIED palm oil group Kulim (M) Bhd is selling its property Menara Ansar in Johor, to AmanahRaya Trustees Bhd for RM105 million. Kulim will be paid partly in cash of RM63 million, while the remainder will be through the issuance of 42.9 million new units of Al-'Aqar KPJ Real Estate Investment Trust (REIT) at an Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1136&CatID=N00 KUALA LUMPUR: Bukit Kiara Properties Sdn Bhd (BKP) organised two separate lion dance performances at Hijauan Kiara and VERVE Suites on the eve of Chap Goh Meh. Hundreds of residents gathered to watch as the lions pranced around the condominiums to the accompaniment of drums, gongs and cymbals. The performance cli Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1135&CatID=N00 GOLDEN Horses Development Bhd (GHD), a private firm owned by Tan Sri Lee Kim Yew, aims to launch its RM600 million Palace Residence Suite this year and market its property to Asian investors. Palace Residence is located at the Mines Resort City in Seri Kembangan, Selangor. It is being launched a year behind schedule Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1134&CatID=N00 YTL Hotels expects Pangkor Laut Luxury Resort, Residence & Spa Village, a resort development on The World in Dubai, to pave the way for similar developments outside the region. It currently manages a collection of award-winning resorts and hotels in Southeast Asia. "It's a fantastic opportunity for YTL Hotels to Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1133&CatID=N00 Ceramic products and pipes maker Goh Ban Huat Bhd (GBH) (3611) aims to be profitable in as early as two years by improving its operating efficiency. The group has not been making money since 2006. It made a net loss of RM35.3 million for the year to December 31 2009, much higher than a RM11.8 million loss in 2008. Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1132&CatID=N00 PERMAJU Industries Bhd, a timber company and car distributor, is diversifying into property development by buying 70 per cent of Har- die Development Sdn Bhd for RM33.68 million cash. Hardie is jointly developing an integrated commercial and residential properties known as Princess Heights in Sabah. Permaju is buyin Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1131&CatID=N00 Permaju Industries Bhd plans to acquire 70 per cent equity interest in Hardie Development Sdn Bhd (HDSB) for RM33.680 million. The group has entered into a sale and purchase agreement with two vendors, Datin Pang Fook Kyun and Sim Men Kin @ Andrew Sim, and HDSB to facilitate the purchase. The 70 per cent equity i Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1130&CatID=N00 Ceramic wares and clay pipes manufacturer Goh Ban Huat Bhd (GBH), is lining up several key initiatives in an effort to turnaround the company within two years, said its director, Anderson Thor Poh Seng. He also said GBH would be paying its entire short term debt of RM50 million through a rights issue to be completed Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1129&CatID=N00 UOA Real Estate Investment Trust (REIT) (5110) is considering buying two office blocks in Kuala Lumpur for RM500 million. It received an offer from UOA Holdings, a substantial unitholder in UOA REIT, for the sale of Parcel B Menara UOA Bangsar and Wisma UOA Damansara II, priced at RM289 million and RM211 million res Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1128&CatID=N00 SUNWAY Holdings Bhd's property development subsidiary, SunwayMas Sdn Bhd,plans to build lifestyle bungalows in the vicinity of Templers in Gombak, Selangor, following its purchase of a 60 per cent stake in Spanland Sdn Bhd from Templer Forest Resort Sdn Bhd for RM13.8 million. Spanland has the development rights to Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1127&CatID=N00 AN investment-driven property recovery has spread to more markets with investor transactions up 70 per cent in Q4 2009 from 40 per cent in Q3 led by Brazil and China, according to the latest RICS Global Commercial Property Survey. It said confidence in lettings over the next three months has picked up across major m Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1126&CatID=N00 CONFIDENCE in the property market is significantly better now compared to the first quarter of last year and there is little risk of a broad-based property bubble because of ample supply and cautious demand, says RAM Holdings Bhd chief economist Dr Yeah Kim Leng. "The country's improving economic outlook and accommo Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1125&CatID=N00 THERE is a growing trend for people to upgrade to bigger and better homes away from the madding crowd and traffic snarls that have turned former dream residences into living nightmares. Twin Palms Sungai Long in Selangor is one such lifestyle residential enclave that has drawn people from all over the Klang Valley t Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1124&CatID=N00 FLIPPING through the newspapers, you might be feeling that there's no way you can afford the houses up for sale. But that may either be because you're eyeing something above your means - or because you've been spending more than you earn. In the definition of housing affordability, which is the ratio of house price Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1123&CatID=N00 IN the world of asset bubbles, those formed by property are among the largest. To prevent them or be able to prick them at an early stage, we need to be able to understand the fundamentals that drive property prices. But is this possible? While consumer price bubbles can be deflated by monetary tools such as the Copyright 2008. The NSTP (M) Sdn. Bhd. http://properties.emedia.com.my/listnews.php?propNewsID=1122&CatID=N00 LAST month, over 55,000 building industry professionals gathered in Las Vegas in the United States ... no, not so much to gamble, but to attend one of the most anticipated trade shows in the property calendar: The International Builders Show. Covering 500,000sq ft of space and featuring some 1,100 exhibitors as wel Copyright 2008. The NSTP (M) Sdn. Bhd.