Overseas Property Investment

The most recent exhibition property investment news from a variety of international property news sources.

Sunway Real Estate Investment Trust posted RM355.9 million pre-tax profit for the six months ended Dec 31, 2010, on the back of RM157.778 million revenue. For the second quarter, the company registered RM45.2 million pre-tax profit on the back of RM85.333 million revenue. In a filing to Bursa Malaysia, it said the better performance for [...]

SP Setia Bhd, the country’s largest developer by sales has won a RM300 million project to build and operate the Penang International Convention and Exhibition Centre (sPICE), Bloomberg reported, citing an email statement from the Penang Chief Minister Lim Guan Eng. Last Thursday, Business Times reported that the property developer was the front runner and [...]

REAL ESTATE and property developer, Ibraco Bhd, is selling a total number of 6.5ha of land in Kuching, Sarawak, to Wansa Realty Sdn Bhd for RM14.2 million. The demand for office buildings and exhibition buildings in the subject area is expected to be limited. The company told Bursa Malaysia Bhd that the disposal will avoid [...]

Ibraco Bhd plans to dispose of 6.48 hectares of mixed zone land in Kuching, Sarawak to Wansa Realty Sdn Bhd for RM14.18 million cash. In a filing to Bursa Malaysia today, Ibraco said the demand for office and exhibition buildings was expected to be limited. “The disposal will avoid potential holding cost. In addition, the [...]

PETALING JAYA: Cahya Mata Sarawak Bhd, through 51%-owned subsidiary CMS Land Sdn Bhd, has signed a joint-venture agreement to build, own and manage a four-star hotel and service apartments at the Kuching Isthmus in Sarawak. It told Bursa Malaysia yesterday that it had signed the agreement with Premier Cottage Sdn Bhd (PCSB), Boulevard Jaya Corp [...]

Datuk Lim Kang Hoo (right) with Teras Hijaujaya Sdn Bhd director Lim Chern Herng looking at the model of the Danga Utama project. Danga Utama commercial project is latest development in growth corridor JOHOR BARU: Teras Hijaujaya Sdn Bhd, the developer of commercial project Danga Utama, wants to position the development as the new business [...]

KUALA LUMPUR: Mah Sing Group Bhd is confident the local property market is sustainable as the current buying activities are backed by economic fundamentals and genuine purchasers. “Despite Bank Negara’s measure to cap the loan-to-value ratio at 70% for third and subsequent house purchase, the prevailing low interest rate, healthy employment market and the fact [...]

PETALING JAYA: A solid commercial framework that embraces environmental concerns is necessary to transform disused mines into useful land, said Malaysian Chamber of Mines (MCOM) president Datuk Seri Mohd Ajib Anuar. »We are targeting to produce a blueprint on the use of ex-mining land in 12 months to be forwarded to the Government« DATUK SERI [...]

The Matrade Centre and Warisan Merdeka, two large property projects worth a combined RM20 billion, will include offices that will be marketed to multinational companies (MNCs). “The two projects will have office towers with full-fledged upmarket facilities, even better than the Petronas Twin Towers,” Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja [...]

KUALA LUMPUR: CIMB Property Mart expects sales to further improve this year due to better market conditions, awareness and marketing activities. Ahmad Shazli CIMB Bank commercial banking head Ahmad Shazli (pic) said the sales for its auctioned properties have been increasing due to rising awareness for its services. “Auctioned properties transacted by CIMB Property Mart [...]