Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Friday, November 2, 2007

Malaysia & International Prime Properties Investment Fair 2008

Malaysia's prime properties currently rank among the most affordable in pricing internationally, according to experts in real estate. With various incentives to attract foreign property investors by our Goverment, such as the recent abolition of Real Property Gain Tax and the introduction of "Malaysia, My Second Home" Programme, NOW is the Right time to target the international buyers!

Venue: Suntec Singapore International Convention & Exhibition Centre
Date: 19 - 20 January 2008

Singapore 'Offers' Ready Market
With limited land for development, Singapore's real estate prices have escalated to a record-high amongst Asian countries. Hence, Singaporean investors are now looking elsewhere and there is no better place than Malaysia:
  • Our property prices are much lower comparatively
  • Our properties are extremely affordable in SGD value
  • Geographically in close travelling distance
  • Good infrastructure & road system
  • Political stability
  • Familiarity with local culture & languages

Exhibit Profiles:
• Malaysian & International Property Developers.
• Malaysian & International Property Agents.
• Retail/Commercial Banks
• Financial Services Companies & Fund Houses
• Malaysian Authorities & Government Bodies in the Housing & Property Industry
• Related businesses & services companies

Property Seminar:
"Now is the Right Time To Invest In Malaysia"
Our distinguished speakers will share useful & latest information with interested investors and visitors at the 2-day event. The panel includes Mr. Ho Chin Soon of Ho Chin Soon Research Sdn Bhd; Mr.Micheal Geh of Raine & Horne International and Ms.Juanita Chin of Elite Properties amongst others.

This Event is brought to you by:
Address: 22-1A, Jalan 3/109C, Taman Abadi Indah, 4th mile Jalan Klang Lama, 58100, Kuala Lumpur
Tel: 03-7980 4321, 7980 8950,
Fax: 03-7982 6890
Please visit website for Malaysia & International Prime Properties Investment Fair

BRDB to ride on upcycle

By The Star

Upcoming property projects bode well for company, say brokerages

Bandar Raya Developments Bhd (BRDB) is expected to ride on the current Malaysian property upcycle, thanks to its upcoming strategic projects, OSK Investment Bank Bhd said.

The projects, with gross development value (GDV) of more than RM4bil, coupled with the revival of Capital Square in Kuala Lumpur, is anticipated to give BRDB strong prospective earnings growth till at least 2010.

The company's current projects include The Troika at KLCC and One Menerung. The projects worth about RM318.8mil and RM444.3mil respectively had a combined unbilled sales of RM771mil as at Aug 3.

Analysts believe that BRDB's earnings growth for the financial year ending Dec 31 (FY08) and FY09 would be further fuelled by other mid-to-high development projects in the Klang Valley with total GDV of RM1.9bil. They noted that the company's projects were mostly sited in areas highly targeted by affluent locals and expatriates.

OSK said BRDB was expected to have more than RM1bil worth of investment property assets by 2010, potentially generating an annual rental income of over RM90mil.

Backed by reasonable yields, good prospects of capital value appreciation and a sufficiently large asset base, analysts believe there was a strong likelihood these investment properties might be repackaged as a real estate investment trust by 2010.

According to the report, BRDB is looking to turn around and divest in Mieco Chipboard Bhd, its 56.8%-owned subsidiary and the second largest chipboard company in the Asia-Pacific, to focus on its lucrative property development arm in one or two years.

An analyst at CLSA Asia Pacific Markets concurred that BRDB's upcoming projects would have a positive impact on the company's earnings in the next two years.

CLSA has said BRDB was in the final stages of concluding the sale of one of its office blocks in Capital Square to an international real estate fund. The brokerage pointed out that the deal, worth RM426mil, was projected to add an additional RM85mil to profits over the next three years, adding that BRDB would also restructure Mieco before selling it.

CLSA has a “buy” call on the counter. It said BRDB was trading at bargain basement valuation at FY08 price/earnings ratio of eight times, which may drop to four times in FY09.

The counter closed 20 sen higher at RM3.32 yesterday.

I&P confident of good response to Alam Sari

New Township: (From left) Jamaludin explaining the project to Najib. Looking on are I&P chairman Tan Sri Mohd Zuki Kamaludin and PNB chief executive officer Tan Sri Hamad Kama Piah Che Othman

Island & Peninsular Bhd's (I&P) latest township project called Alam Sari in Bangi should boast a gross development value of RM 1 billion, chairman Tan Sri Mohd Zuki Kamaludin said.

The township is being built on one of Bangi's last parcels of freehold land, measuring 175.16 hectares.

The township will house about 3,435 residential units with an estimated population of 17,00 people on completion in eight to 12 years," Zuki said at the launch of Alam Sari by Deputy Prime Minister Datuk Seri Najib Tun Razak.

Sales of the first phase will be held on Saturday, with construction works due to start early next year.

I&P managing director Datuk Jamaludin Osman is confident that the project would be well received due to the scarcity of freehold land in Bangi.

"Last year, we introduced art into our township to create Alam Impian in Shah Alam. This year, our new township takes on a different concept - academia, inspired by its location," Jamaludin said.

Among the institutions and centres neighbouring Alam Sari township are Universiti Kebangsaan Malaysia, German Malaysian Institute of Technology, Nuclear Malaysia, Malaysian French Institute and the Petronas Management Training Centre.

It will develop 90 units of double-storey terraces called Ilmia in the first phase. The houses, measuring at 22x75 and with a built-up area of 2,099 sq ft to 2,271 sq ft, are priced from RM248,008 to RM512,760.

I&P said the response so far had been overwhelming with some 2,000 people registering to own one of the 90 units.

Jamaludin said the second phase is expected to be launched in January or February, offering 60 units of double-storey terraces.

I&P, he said, would try to keep the units available in the second phase affordable amid a 25-30 percent increase in material cost in recent months.

Besides the 175.16 hectares, I&P owns another two plots of yet-to-be-developed land in Bangi. One measures 283.5 hectares and the other 202.5 hectares.

By New Straits Times

A&M launching phase one of Amverton Park today

By The Star

PETALING JAYA: A&M Realty Bhd launches today the first phase of its latest project, Amverton Park @ Bukit Kemuning Golf & Country Resort, by offering 44 units of exclusive bungalows.

The development offers Australian-styled architecture that emphasises on open space living and landscaping. The layout was planned to maximise the use of space for practicality and comfort, said executive director Steven Ng.

The bungalows are available in five designs under the first phase, with built-up areas of between 3,800 sq ft and 5,500 sq ft. The price ranges from RM1.5mil to above RM2mil.

Ng said construction of the first phase would be completed in two years. “We are not rushing because this project will set the benchmark for our Amverton series of innovative products,” he told StarBiz.

Amverton Park is targeted at upgraders, mostly professionals and business owners, who are looking for a spacious home that offers a comprehensive quality lifestyle package for the whole family.

Ng said the project was unique as it was the first Australian-inspired housing project in Malaysia.”It is also the only property that offers a home that includes a unique lifestyle package. It encourages wholesome healthy living in a secured environment.

“Residents of Amverton Park can enjoy the landscaped, wide open space of the neighbourhood. There is also a clubhouse with amenities such as golf course, restaurants, shops, a gymnasium, swimming pool and spa,” he added.

A hotel is also in the planning and a plot of land had been reserved at the clubhouse for this purpose.

A total of 147 homes are planned at Amverton Park, to be developed in five phases by AMJ Properties Sdn Bhd, a subsidiary of A&M Realty. The 30-acre freehold development has a gross development value of RM250mil. Amverton Park is located within established neighbourhoods of Kota Kemuning, Bukit Rimau, Kemuning Utama and Berjaya Park. It is accessible via the Shah Alam Expressway.


Intrade Malaysia 2007
Date: 12 - 15'November 2007
MATRADE Exhibition and Convention Centre (MECC),
Menara MATRADE, Kuala Lumpur.

the international trade fair that showcases products and services from over 37 industry clusters.

Come November 2007, Malaysia will host the International Trade Malaysia 2007 (INTRADE MALAYSIA 2007) Exhibition that offers you the gateway to global opportunities. It is the choice trade exhibition that makes Malaysia your leading ASEAN destination to global trade.

With the theme “Fostering Business Collaborations”, INTRADE MALAYSIA 2007 enables you to further develop business opportunities for trade, investments and bilateral cooperation with the international business community.

What Makes Malaysia Your Choice?
  • The heart of thriving ASEAN and the fastest developing nation in the region.

  • Ranks among the world’s top 20 trading nations.

  • Enjoys strong trade links with major trading nations in the world and trades with more than 200 countries globally.

  • Registered a total trade in excess of RM1 trillion in 2006. GDP growth for 2007 is projected between 5.5 and 6.0 per cent.

INTRADE MALAYSIA 2007 features:

  • An international trade exhibition showcasing a wide range of quality products and services from around the world;

  • Incoming Buying Missions (IBMs) up to 500 buyers worldwide will be arriving for one-on-one business matching sessions; and

  • The Kuala Lumpur International Trade Forum (KLITF) -- the congregation of international business leaders, entrepreneurs and industrialists for global networking and exchange of ideas and experiences.
Why visit?
  • Over 700 International Buyers
  • Over 300 Exhibitors from 37 industry clusters
  • KL International Trade Forum 2007
  • Business Networking
  • Explore trade opportunities

For more information log on to

Glomac set to sell tower for RM 577m

By New Straits Times

An Artist's impression of the Glomac Tower

PROPERTY developer Glomac Bhd may sell its yet-to-be-built Glomac Tower to Prestige Scale Sdn Bhd for RM577 million.

"The purchaser has paid a sum equivalent to two per cent of the purchase consideration as earnest deposit," Glomac said in a statement to Bursa Malaysia yesterday.
It did not say who owns Prestige Scale. Glomac Tower is a 40-storey grade A office tower located next to the Petronas Twin Towers.

Construction is due to take off next year. The project is a venture between Glomac and Al Batha Group, one of the largest private business groups in the United Arab Emirates.