Sunway and Hoi Hup awarded 2ha land in Singapore for S$423mil housing development

KUALA LUMPUR: Sunway Bhd’s unit and Singapore-based Hoi Hup Pte Ltd, have been awarded a 2-hectare land to develop a 99-year lease term executive condominium housing development worth S$423.38 million in Tengah, Singapore by the Housing and Development Board of Singapore. Sunway’s subsidiary, Sunway Developments Pte Ltd (SDPL)  and Hoi Hup jointly tendered for the...

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Mitbana and Intiland launch township development in Tangerang, Indonesia

SINGAPORE (EDGEPROP) – Mitbana – a joint venture between Mitsubishi Corp and Surbana Jurong – together with Indonesian property developer Intiland Development, has launched Green Bestari Park, an integrated township and transit oriented development located in Talaga Bestari in Tangerang, within Indonesia’s Greater Jakarta area. Mitbana holds a 70% stake in Inti Mitbana Development, a...

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SkyWorld Viet job marks firm’s overseas foray

PETALING JAYA: SkyWorld Development Bhd is seeking to develop a 24-storey residential apartment in Vietnam, marking its first overseas venture, to ride on the urbanisation in Vietnam. Yesterday, the property developer’s wholly-owned subsidiary SkyWorld Development (Vietnam) Co Ltd (SkyWorld Vietnam) proposed to acquire 1.3 acres of land in Ho Chi Minh City for RM67.9mil cash...

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SkyWorld acquires 1.3-acre land in Ho Chi Minh City for RM68m

KUALA LUMPUR (Sept 7): SkyWorld Development (Vietnam) Company Ltd, a wholly owned subsidiary of SkyWorld Development Bhd, is acquiring 1.3 acres (0.53 hectare) of land in Ho Chi Minh City, Vietnam. In a filing with Bursa Malaysia on Thursday, the company said it acquired the land by way to purchasing 100% stake or 1.7 million...

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Singaporean MeGroup’s Malaysian unit acquires Balakong property for RM16.2 mil

SINGAPORE (Sept 6): Singaporean MeGroup’s Malaysian subsidiary Menang Nusantara Sdn Bhd (MNSB) has acquired a property at Lot 16, Jalan 3, Kawasan Perusahaan Cheras Jaya at Balakong, Selangor for RM16.2 million (S$4.7 million). A sale and purchase agreement (SPA) was entered into between MNSB and the vendor, Ngai Ming Plastic Industries (M) Sdn Bhd, on Wednesday. The 99-year leasehold property...

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Infrastructure projects spark revival of property counters

PETALING JAYA: In an environment where rising interest rates have led to falling demand, thereby weakening market sentiment, property and construction counters on Bursa Malaysia have done remarkably well. For instance, share prices of UEM Sunrise Bhd, Iskandar Waterfront City Bhd and Eco World Development Group Bhd have returned to pre-Covid highs. UEM Sunrise stocks...

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EcoWorld buys 403.78 acres of land in Senai for over RM211m cash

KUALA LUMPUR (Sept 6): Eco World Development Group Bhd (EcoWorld Malaysia) is acquiring 403.78 acres of land in Mukim Senai, Johor, to develop a business park to be known as Eco Business Park VI, for RM211.07 million cash. EcoWorld Malaysia said the land acquisition, earmarked with development carrying an estimated gross development value of RM1.58...

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Nexus Seremban 2: The New Center of Attraction

Seremban 2 (S2) township, developed by IJM Land, has grown remarkably since 1995 garnering numerous prestigious awards. This growth has led to a surge in demand, not only for residential properties but also for commercial offerings within the self-contained township. With a current residential occupancy rate of 62,000, the population at S2 is witnessing remarkable...

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Lendlease interprets urban regeneration for Malaysia through TRX

Urbanisation is an essential part of modernisation with huge potentials and opportunities that draws more people to migrate to those areas. According to the World Bank, currently 56% of the world’s population live in the cities and the trend is expected to continue, where urban population is expected to grow more than double its current...

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