Overseas Property Investment

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

KUALA LUMPUR: Germany’s Union Investment Real Estate GmbH (UIRE) has plans to buy a few more office buildings valued between RM200 and RM400 million here in the next two to three years. UIRE Asia Pacific Pte Ltd managing director Ulrich Dischler, however, said the investment firm has yet to begin talks with any local parties. [...]

PETALING JAYA: SP Setia Bhd’s subsidiary, Setia (Hangzhou) Development Co Ltd, and Hangzhou Ju Shen Construction Engineering Ltd have terminated their joint-venture (JV) contract for the development of a mixed property project on 25 acres in Zhejiang, China. SP Setia said in a statement to Bursa Malaysia that the conditions precedent set out in the [...]

Market analysts at C.H. Williams Talhar & Wong predicted in their most recent report that there would be a moderate rise in prices for Maylasian real estate, and the second quarter is proving out that prediction. The national price index rose 6.5% so far this year, following a 7.7% increase last…

George Town: The development potential of Penang island’s southeastern area is growing as more property developers are eyeing it for their projects. Business Times has learnt that CP Land Sdn Bhd, the property arm of the CP Group, has disposed of 40 hectares of land it owns in the Queensbay area at Bayan Lepas to [...]

SANDAKAN: The third and the final phases of a RM510 million Sandakan Harbour Square, comprising a shopping mall and an international hotel, are on track to be completed by year-end. According to project manager Ireka Development Management Sdn Bhd, Sandakan Harbour Mall is scheduled to open by end of the year, while the opening of [...]

SP Setia Bhd, a Malaysian real estate developer, scrapped a joint venture with Hangzhou Ju Shen Construction Engineering Ltd to develop a mixed property project in China because terms of the agreement weren’t met. SP Setia “still firmly believes” that property prospects in China are “positive,” the company said in a statement in Kuala Lumpur [...]

KUALA LUMPUR: The Malaysian Rubber Board (MRB) is on track to monetise some of its land bank assets in the Klang Valley, said chairman Datuk Wira Ahmad Hamzah. He said MRB was satisfied with the smooth progress so far particularly on the sale of over 40ha of its Rubber Research Institute (RRI) land in Sg [...]

Kuala Lumpur: Property developer Hua Yang Bhd is banking on strong demand for affordable houses from Malaysia’s large young population to more than double its revenue to over RM500 million by 2015. While most property developers are targeting high-end market to ride on the rising income of Malaysians, Hua Yang prefers to focus on the [...]

KUALA LUMPUR: Property developer SP Setia Bhd has proposed to acquire 40 per cent equity interest in KL Eco City Sdn Bhd(KLEC) from Yayasan Gerakbakti Kebangsaan for RM75 million. The acquisition will be through the issuance of 19,379,845 new ordinary shares of RM0.75 each in SP Setia at an issue price of RM3.87 per share, [...]

Shum (left) and senior sales manager Daniel Tan with a model of the three-storey Garden and Duplex Suites of The Seed @ Sutera Utama. Buying a property at The Seed @ Sutera Utama in Johor Baru is similar to taking an oath of allegiance to take care of the environment for the present and future [...]