Overseas Property Investment

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

Property developer IOI Properties Bhd expects sales to grow by 30 per cent for its current fiscal year ending June 30 2010, driven by the launch of two phases of its “16 Sierra” residential development.
“We expect to achieve sales of about RM850 million this year. However, that is only a conservative target,” said its general [...]

PROPERTY developer Magna Prima Bhd will launch five projects, worth a combined RM1.2 billion, in the Klang Valley in the second half of the year.
Its chief executive officer Yoong Nim Chee expressed optimism of a pick-up in the property market and said the projects would be launched starting June or July.
They include the much-anticipated Magna [...]

Land JV in China (RM500mil GDV) is expected to take off after all the necessary approvals are obtained in the next 12-18 months, JP Morgan says.
SP Setia Bhd’s performance in southern Johor will be on the road to stronger growth given the number of projects in the pipeline and the overall economic recovery in the [...]

The coming together of two well regarded property groups, Sime Darby Property Bhd and Sunrise Bhd, to jointly develop a RM1bil integrated commercial property project in Bukit Jelutong, Selangor is quite a new development in corporate Malaysia and will be closely watched by industry players to see how it pans out.
The 50:50 joint venture agreement [...]

KUALA LUMPUR: IOI Corp Bhd’s property arm IOI Properties Bhd is confident of selling all 147 residential units offered under phase one of its Adenia project by tomorrow.
IOI Corp (property division) general manager Teh Chin Guan said the two-phase Adenia was a component of its mega property project 16 Sierra in Puchong.
To be completed by [...]

PETALING JAYA: Property developer MK Land Bhd reported a lower net profit of RM3.8mil in the second quarter ended Dec 31 from RM5.2mil a year earlier, but sees a better year ahead on expectation of higher sales and tighter cost control.
Revenue was flat at RM48mil.
Executive chairman Tan Sri Mustapha Kamal said in a statement yesterday [...]

PROPERTY developer MK Land Holdings Bhd’s second quarter net profit dropped by almost a third because of lower operating income and higher marketing and selling expenses.
It registered a net profit of RM3.8 million in the quarter ended December 31 2009 compared with RM5.2 million in the previous corresponding period.
This was despite an increase in revenue [...]

The second phase of I-Berhad’s integrated commercial development in Shah Alam, Selangor, is expected to kick off later this year, its top executive said.
Chief executive officer Eu Hong Chew said the phase covering 3.64ha has a gross development value (GDV) of over RM150 million.
It will offer between 300,000 sq ft and 400,000 sq ft of [...]

CB RICHARD Ellis (Malaysia) Sdn Bhd (CBRE), a real estate services company, expects the number of property transactions in the country to improve this year, thanks to a new wave of interest from local and foreign institutional funds.
Executive chairman Christopher Boyd said there is strong buying interest from Singaporean, Hong Kong, Korean and Arab investors, [...]

Malaysia’s Mah Sing Group Bhd aims for property sales to climb 39 per cent to RM1 billion (US$292 million) this year as an economic recovery spurs home purchases in the Southeast Asian nation.
The nation’s fifth-largest property developer sold RM720 million worth of properties last year, beating a target of RM453 million, managing director Leong Hoy [...]