Property Assets Valuation & Consultancy
(Formerly known as Colliers, Jordan Lee & Jaafar (JH) Sdn Bhd)
Est .1985
News At a Glance
2013
DECEMBER
30 December 2013
Gadang upbeat on Danga Bay land
Gadang Holdings Bhd is looking at buying land along the Danga Bay waterfront area after missing the opportunity to do so a couple of years back when land prices in the area were much cheaper. Gadang had missed the oppotunity to acquire land in the sea-fronting area of Danga Bay years ago when prices were about RM150 per sq. ft. Now the average selling price for land in Danga Bay was RM1,000 per sq.ft.
27 December 2013
New benchmark price for Danga Bay land
Iskandar Waterfront Holdings Sdn Bhd (IWH) has sold 15ha of seafront land in Danga Bay for RM1.6bil to a Singaporean firm, which is planning an RM8bil development featuring, among others, Peninsular Malaysia's tallest tower..
3 December 2013
RM4.5bil land deal in Johor
China-based developer Guangzhou R&F Properties Co Ltd is buying six plots of land in Johor Bahru for a whopping RM4.5bil from the Johor Sultan, making it a record deal.
28 December 2013
Challenging outlook looms over property market
Various groups with vested interests in the property sector are still dissecting the multi faced measures announced a few months ago in Budget 2014. They are concerned about the impact it will have on the market and are trying to make the best of the situation.
NOVEMBER
6 November 2013
Mah Sing to launch new township in Iskandar
Mah Sing Group Bhd will be launching its fifth township development project in Iskandar Malaysia, which is also the company's biggest township project in the country in the second half of 2014. The proposed township would be on 504.8 ha in the Plentong-Pasir Gudang growth corridor with a mix of landed and high-rise residential properties and commercial units.
OCTOBER
2 October 2013
RM5bil township in Johor
Mah Sing has acqired about 547ha of freehold land in Pasir Gudang, Johor, and will develop it into a mega township over the next seven years.The land was purchased for about RM430mil and the money will be paid over four years.
4 October 2013
UMLand to start new township in Iskandar
United Malayan Land Bhd (UMLand will build a new township in Iskandar Malaysia - a third in Southern Johor after Bandar Seri Alam and Taman Seri Austin.The project was located on a 145ha site at Cahaya Baru in Masai, near Pasir Gudang.
1 October 2013
IOI Properties unveils JB waterfront project
Demand for high-rise condominiums in Iskandar Malaysia has been good in recent years, prompting many developers to take advantage of the trend by offering high-rise living to buyers.The project on a 15.25ha site along the Tebrau - Plentong Basin, would be developed over the next 12 years, with a gross development value of RM4.5bil.
8 October 2013
Higher processing fees for foreigners buying Johor properties
Foreigners buying properties in Johor beginning from January next year will have to pay higher processing fees of property ownership instead of the flat rate of RM10,000 now.Under the new rate, foreigners would have to pay between 4% and 5% of the sales price of the properties.
SEPTEMBER
28 September 2013
Scientex buys Pine land in Johor
Scientex Bhd has bought two parcels of freehold land in Kulai, Johor from Pine Plantation Sdn Bhd for RM28.5mil, bringing its total undeveloped landbank to 415ha. Scientex plans to build affordable residential homes on the two lands, which measure a total of 19.59ha. The land are only 1km from Kulai town as well as a major shopping mall. It is within 2km to the North South Highway via the Kulai toll plaza.
20 September 2013
SP Setia eyes more land in Iskandar
SP Setia Bhd is on the lookout for more land in Iskandar Malaysia as part of its strategy to strengthen its position in the southern region.
18 September 2013
Eco World buys into Focal Aims
Little-known Focal Aims Holdings Bhd has emerged as the most likely candidate for a reverse takeover of Eco World Development Sdn Bhd, disproving earlier theories that Salcon Bhd would be used as the vehicle for Tan Sri Liew Kee Sin's comeback post-SP Setia Bhd.
AUGUST
5 August 2013
Iskandar developers see continued strong momentum
Property developers in Iskandar Malaysia are reaping big rewards as the property outlook in the economic growth region remains vibrant.
13 August 2013
Mah Sing to unveil Phase 2 of Meridin @ Medini
Mah Sing Group Bhd is kicking off phase 2 of its RM1.1bil Meridin @Medini development in Iskandar Malaysia next month.
JULY
9 July 2013
Mammoth RM2b Iskandar project
Two more big projects worth at least RM2.3 billion are set to take off in the Iskandar Malaysia region in Johor. Iskandar Investment Bhd (IIB), the developer of Iskandar and Mammoth Empire Holding Sdn Bhd will invest more than RM2 billion on Medini Empire, a mixed development.
29 July 2013
China firm to launch maiden Malaysia project
China's seventh largest property developer Country Garden (Holdings) Ltd expects to launch its maiden project in Malaysia on August 11, just eight months after purchasing the land. Country Garden Danga Bay with a gross development value of RM10bil, is the company's first self project outside China. It will be developed via unit Country Garden Danga Bay Sdn Bhd.
29 July 2013
Highest residential tower to be built in Johor Bahru
The tallest residential tower in the country peaking at 304m above sea level will be constructed in the next four years. Each unit is expected to be valued at between RM2mil and RM8.45mil. Prices will start from RM900 per sq.ft. It will be built at the site of the current Hockey Stadium and Johor Bahru Indoor Stadium. The project, to be developed by Astaka Padu Sdn Bhd, will have a first phase of mixed development which includes two condominium towers, one with 70 floors and the other with 65 floors.
29 July 2013
Leisure Farm bungalow lots in Iskandar Malaysia sold out
Due to overwhelming response, 10 pre-selected bungalow lots in Leisure Farm Resort, Iskandar Malaysia was sold out with over 30 bids received.
18 July 2013
AEON buys land in Johor to build mall
Aeon Co (M) Bhd, the country's largest department store-cum-supermarket, is expanding its presence in Johor with the purchase of a 20.93 acre piece of land from Johor Land Bhd for RM70.2 million or RM77 per sq.ft for building a shopping mall. The land is part of a mixed development project known as Bandar Dato' Onn.