Overseas Property Investment

Sime Darby Property Bhd, the property arm of Sime Darby Bhd, is expected to sign a partnership agreement with General Electric Co within the next two to three weeks to deploy its sustainable products and technology for the Idea House project in Shah Alam, Selangor.
The property developer is setting up the multi-million ringgit two-storey Idea [...]

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KUALA LANGAT: LBS Bina Group Bhd is set to launch more new projects this year, prompted by the pickup signs from the property market and better gross domestic product (GDP) growth prediction by the Government, said managing director Datuk Lim Hock San.
Datuk Lim Hock San
“In view of such good sentiments, we plan to launch more [...]

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PETALING JAYA: Gamuda Bhd’s wholly-owned unit, Gamuda Land (HCMC) Sdn Bhd, has entered into a joint venture with its Vietnamese partner, Sai Gon Thuong Tin Real Estate Joint Stock Co (Sacomreal) to undertake a RM6bil project in Tan Phu District, about 9km from the central business district of Ho Chi Minh City.
The company yesterday signed [...]

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PETALING JAYA: The arbitration claim by Bahrain Asphalt Establishment BSC (BAE) amounting to 109.27 milion Qatari riyal (RM101.06mil) against the Gamuda Bhd-WCT Bhd joint venture (JV) in Qatar may have an impact on both the Malaysian companies’ earnings, according to analysts.
OSK Research in its report yesterday said the claim by BAE was “not good news.”
It [...]

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Sime Darby Property Bhd hopes to maintain its 28 per cent profit margin for its current financial year, said managing director Datuk Tunku Putra Badlishah.
“The margin is among the best in the industry,” he said, adding that lady luck has been with Sime Darby Property as all its launches have had good sales.
“All our recent [...]

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A GREEN strategy approach tailored to suit the country’s construction industry is expected to be developed at an upcoming carbon neutral conference. This is in line with the Prime Minister’s commitment for a 40 per cent Greenhouse gas reduction by 2020.
Among the suggestions that will be put forward are to encourage buildings to incorporate solar [...]

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SINGAPORE: CapitaLand Ltd, which has Chinese properties valued at more than US$14 billion (US$1 = RM3.32), said demand in China is “strong” and the real estate boom can’t be called a bubble.
Still, the Singapore-based developer said it was “comforting” that the Chinese government is taking steps to rein in the market, according to a CapitaLand [...]

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PROPERTY developer SP Setia Bhd has in principle bagged a property project from Vietnam’s Investment and Industrial Development Corp to develop a 10.8ha land in Binh Duong province,Vietnam, for a 50-year term.
In its filing to Bursa Malaysia yesterday, SP Setia said its subsidiary Setia Lai Thieu Ltd has received an investment certificate from the People’s [...]

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PETALING JAYA: TA Enterprise Bhd (TAE) has proposed to dispose of a 100%-owned four-star hotel in Singapore to its property arm TA Global Bhd for shares in a deal worth RM651.78mil.
Under the deal, TA Gobal will assume RM398.6mil worth of loans obtained by TAE as part of the purchase consideration.
The final purchase amount of RM253.18mil [...]

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NAIM Holdings Bhd, a Malaysian builder, said it will sign a preliminary agreement to build various facilities and amenities for a project known as Solar Oasis in Libya.
Naim will sign the agreement today in Kuala Lumpur, the company said in an e-mailed statement.
The project is on 100 hectares of land, 30 kilometers from Libya’s Tripoli [...]