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Wednesday, April 20, 2011

Malaysia home prices higher by 8.2pc

Average Malaysian home prices were 8.2 per cent higher from a year earlier in the fourth quarter of 2010, according to a report by the country’s Finance Ministry today.

Prices averaged RM199,636 in the three months ended December 2010, compared with RM184,574 during the same period in 2009.

By Bloomberg

Mah Sing Group wins Four Prestigious Asia Pacific Property Awards

The Asia Pacific Property Awards 2011 in association with Bloomberg Television have just been judged and Mah Sing Group has been informed that it is amongst the winning companies.

Successful entrants have been invited to attend a high profile gala presentation dinner at the Longemont Hotel Shanghai on May 31. Mah Sing Group will then discover whether the company has won a five-star or highly commended award in the categories of Best Mixed-Use Development for its Southbay City in Penang project, Best Industrial Development for its i-Parc3 at Bukit Jelutong project, Best Retail Development for its Star Avenue at Damansara project and Best Website.

Group managing director Tan Sri Datuk Sri Leong Hoy Kum, and group chief executive said of the awards, “We are very pleased that our projects have been shortlisted to be among the best in Asia Pacific. Last year our residential projects won three awards, and this year, our commercial and industrial projects have been recognised for their outstanding concepts and design. Being one of Malaysia’s most diversified property developer, this recognition is a strong testament to the high quality that we place on each of our project. We also place high emphasis on communicating with our stakeholders though various channels, and thus we are very pleased that our website has been recognised to be among the crème of the crème in the Asia Pacific region. ”

The event is part of the long established International Property Awards and its award winners’ logo is recognised as a symbol of excellence throughout the global industry. Attaining one of these coveted awards is indisputable evidence that Mah Sing Group is capable of beating some exceedingly strong contenders within the highly competitive Asia Pacific property arena.

Later this year, the highest scoring winners from the Asia Pacific Property Awards will compete against other winning companies from Europe, Africa, the Americas and Arabia to find the ultimate World’s Best in each category. The Asia Pacific region has an enviable record of achievement at international level, having scooped seven World’s Best awards in the finals of both 2009 and 2010. No doubt the property industry will be watching and waiting to see if this record number of international wins can be matched or even beaten in 2011.

The judging panel is chaired by Lord Bates of Langbaurgh and consists of more than 60 professionals whose collective knowledge of the property industry is unsurpassed by any other property awards. This year’s judges include UK account manager of Google James Bacon; group chief executive of the National Federation of Property professionals Peter Bolton King; the Royal Institute of Chartered Surveyors (RICS) David Dalby; and the Royal Bank of Scotland (RBS) Mike McNamara.

By The Star

GuocoLand Malaysia launches final release of 66 bungalow lots in Emerald

A dream bungalow, built and designed to the desired needs, is no longer wishful thinking for discerning home buyers. Enter GuocoLand Malaysia’s latest offering of bungalow lots nestled in the choicest location of the Emerald enclave in Rawang.

The Peridot Hilltop Residence, surrounded by lush landscaping and perched up to 250 ft above sea level, offers 66 bungalow lots of various sizes with security features, ranging between 5,200sq ft and 10,700sq ft, and priced from about RM350,000 to RM910,000.

The launch of the low-density Peridot Hilltop Residence comes on the back of the recent successful launch of the Amberley semi-detached parkhomes and Coral double-storey terrace homes.

Emerald, developed by GuocoLand (Malaysia) Bhd, has emerged as one of most sought-after townships in Rawang. A new Chinese school and a new AEON shopping mall, due for completion by the year-end, are expected to add more value to the thriving township.

GuocoLand Malaysia managing director Yeow Wai Siaw said the Peridot Hilltop Residence offers an attractive long term investment with promising growth potential and wealth creation opportunities given the scarcity of freehold bungalow lots in the Klang Valley.

“It is our final release of bungalow lots (in Peridot) and the timing could not be better to own an exclusive piece of prime freehold land. We are offering appropriate land sizes of up to 10,700sq ft for our buyers to build two or three-storey luxury bungalows and enjoy maximum privacy,” he added.

Yeow also said the Chinese school together with the shopping centre, the upgrading of infrastructure facilities – the flyover at Jalan Rawang and Jalan Batu Arang, and expansion of Jalan Batu Arang – would reinforce the appeal of the Emerald enclave.

GuocoLand Malaysia, the property arm of the Hong Leong Group, will launch the Peridot Hilltop Residence, priced from RM65 to RM85 per sq ft, at the Emerald Sales Gallery on Saturday (April 23). There will be an early bird discount of 10 per cent for bookings made before April 30, 2011.

Apart from excellent infrastructure, Emerald enjoys good accessibility to Kuala Lumpur and surrounding areas via the North-South Highway, New Klang Valley Expressway and the Guthrie Corridor Expressway.

Emerald is located within easy reach from Rawang and its commercial hub, a 20-minute drive from the Jalan Duta toll. As an established town, Rawang has all the essential amenities including banks, post-office, restaurants, hypermarkets, a fresh produce market and a KTM Komuter station.

By The Star