Property Assets Valuation & Consultancy
(Formerly known as Colliers, Jordan Lee & Jaafar (JH) Sdn Bhd)
Est .1985
News At a Glance
2014
DECEMBER
31 December 2014
Challenging 2015 seen for property
The property landscape is expected to remain challenging next year, amid rising costs of doing business, tighter monetary policy and the impact of a new tax system.
30 December 2014
Sunway Construction gets RM170mil Johor highway deal
Sunway Bhd has secured a contract worth RM169.86mil from Iskandar Investment Bhd to design and build the Coastal Highway Southern Link (CHSL) in Johor.
23 December 2014
Mixed outlook for property market
Property analysts and experts are mixed in their property market outlook for next year due to the uncertainty that is looming ahead of the Goods and Services Tax (GST) implementation next year.
22 December 2014
Greenland upbeat on Iskandar ventures
Despite the fear of a property glut, especially of condominium units in Iskandar Malaysia, Shanghai-based property giant Greenland Holdings Group remains confident of its two ventures in the economic region.The first is coastal Jade Palace services condominium luxury project at Danga Bay measuring 5.65 ha, while the other is a 51.2ha integrated mixed development in Permas Jaya.
NOVEMBER
26 November 2014
Daiman plans 128ha industrial park
Daiman Development Bhd is planning to turn a freehold 128.78ha agriculture land near Kulaijaya into a gated and guarded industrial park cum commercial outlets in its latest development.
12 November 2014
Johor property market prospects still positive
The property market outlook in Johor remains positive despite concerns of oversupply in the state, as developers scale back on launches and change strategies in response to the cooling market.
10 November 2014
Medini Iskandar to focus on commercial projects
Medini Iskandar Malaysia Sdn Bhd, the company behind the flagship development of the Medini township in Iskandar Malaysia, will focus more on commercial projects in the future to complement the many residential projects undertaken by other developers.
4 November 2014
Modern integrated township - Taman Seri Albion
Tentu Teguh Sdn Bhd (TTSB), a wholly-own subsidiary of United Malayan Land Bhd (UMLand) held a ground breaking ceremony for its modern integrated township development of Taman Seri Albion recently.
OCTOBER
14 October 2014
Brisk sales for Iskandar condominium
In spite of recent analyst reports suggesting a softening of the Iskandar Malaysia property market, nearly 80% of two blocks of luxury condominium in Aquaint Danga Residensi were sold at its launch over the weekend.
18 October 2014
Glomac plans Kulaijaya township next year
Glomac Bhd is planning a new township in its recently-acquired landbank in Kulaijaya, Johor which has an expected gross development value (GDV) of RM750 million.
8 October 2014
Iskandar developers change strategy focusing on landed, industrial properties
Malaysians developers are scaling back launches of high-rise integrated properties in Danga Bay and Nusajaya-Medini in Iskandar Malaysia due to the more than ample incoming supply by the end of 2015/2016.
21 October 2014
Rehda : GST will push up home prices by 2.6%
Home prices will rise by about 2.6% once the goods and service tax (GST) comes into play. Rehda's 2.6% estimate differs from that of the Customs Department, which expects the GST to have an impact of between 0.5% and 2% on house prices, assuming there's no change in supply and demand conditions.
SEPTEMBER
24 September 2014
GDP growth to beat forecast: BNM
Bank Negara Malaysia is confident that the country's Gross Domestic Product (GDP) growth this year would exceed the 5.0 per cent to 5.5 per cent forecast following the bullish first half-year performance.
24 September 2014
CapitaLand delays launch
Singapore-based CapitaLand Ltd has become the latest property company to delay a new launch in Iskandar Malaysia amid growing concerns that the massive build-up by developers from China is overwhelming the market.
25 September 2014
UEM Sunrise sees property upswing
UEM Sunrise Bhd, one of the biggest property developers in the country, is expecting an upswing in the property market by end-2015 or 2016.
26 September 2014
Ivory Properties to develop 7.1 acre land in Johor
Ivory Properties Group Bhd's subsidiary has entered into a joint venture with JB Lee Properties Sdn Bhd to develop a 7.1 acre land in Teluk Jawa, Johor Baru into a mixed development of residential and commercial properties.
JULY
25 July 2014
UEM Sunrise, with RM3bil unbilled sales, to restrategise in Johor
UEM Sunrise Bhd, says it will restrategise and replan, where necessary, in the view of the changes in the property market and the entry of China developers in Johor.
24 July 2014
Sunway Iskandar's Citrine office suites sold out
Sunway Iskandar has sold all its 167 Citrine office suites at the Lakeview precinct in Iskandar Malaysia.
12 July 2014
Johor Land to develop RM1b 'Larkin Central Park'
Johor Corp (JCorp), through its subsidiary Johor Land Bhd, will undertake a RM1 billion integrated development project, the "Larkin Central Park".
JUNE
24 June 2014
R&F plans to expand beyond Iskandar
The Princess Cove project in Tanjung Puteri will be Hong Kong-based R&F Properties Co Ltd's maiden property development in Malaysia. R&F was looking beyond Iskandar Malaysia to be involved in other development projects in the country.
20 June 2014
R&F Properties to unveil Johor project
Set to be a landmark property development in Tanjung Puteri, Johor, phase one of R&F Princess Cove will see the construction of about 15 blocks of luxury apartments by Hong Kong-based R&F Properties Co Ltd.
20 June 2014
Kimlun to launch second project in Medini Iskandar
Kimlun Corp Bhd aims to launch its second property project in Medini Iskandar, Johor, with an estimated gross development value (GDV) of RM420mil by the end of the year.
17 June 2014
Nusajaya Tech Park goes international
The developers of the Nusajaya Tech Park here are courting companies not just from Singapore and Malaysia companies but also international companies to take up facilities in the 210ha site.
16 June 2014
No stopping Country Garden
The property slowdown in China and Hong Kong is not a deterrent for China's property developer Country Garden Holdings Co Ltd.
4 June 2014
Property sector to remain resilient
The Malaysian property sector is expected to remain resilient this year despite the Government's various cooling measures.
3 June 2014
Sunway Iskandar project based on ealier successes
Sunway Group will be developing the township on a 728ha of land near the Pendas river.
MAY
12 May 2014
Tebrau Teguh foray into high-end property in Johor well received
Despite concerns over the oversupply of residential units in Johor and the recent spate of cooling measures, Tebrau Teguh Bhd (TTB) said its first foray into high-end property development was well received. Botanika @ Tebrau Coast is a waterfront development comprising three high-rise blocks with a total of 792 units spanning 12 acres.
26 May 2014
Eco World unveils RM20.8 billion projects
Eco World Development Group Bhd held a simultaneous preview of three new development projects in the Klang Valley and Iskandar Malaysia and its first business park in Iskandar with a total gross development value (GDV) of RM20.8 billion.
7 May 2014
UEM Sunrise, Mulpha in JV
UEM Sunrise Bhd and Mulpha International Bhd have formed a joint venture for three road projects in the vicinity of Iskandar Malaysia valued RM107 million.
30 May 2014
Sunway to launch RM350m mixed project by early July
Sunway Group is set to launch its Citrine at the Lakeview Precinct, a self-sustaining mixed development project with gross development value (GDV) of RM350 million.
APRIL
17 April 2014
China firm buys 5.6ha Danga Bay Land
Greenland Group,one of China's biggest state-owned companies, is making its first foray into Malaysia by acquiring a prime waterfront land in Iskandar Malaysia for RM600 million.
17 April 2014
Another China developer comes to JB
The Greenland Group is the latest developer from China to purchase land for a property project in Danga Bay, Johor Bahru.
12 April 2014
Slowdown looming for Johor property?
Market observers see short-term turbulence. The MH370 tragedy will affect Johor's tourism and property purchasers in the short term as it is the intention (of Chinese developers) that their countrymen buy into their products.
23 April 2014
Property transactions dip
The various cooling measures on the property sector dampened transactions last year, with the volume of properties bought and sold dipping by 10.9% from 2012, even as total value rose 6.7%, a sign that prices did not come down.
MARCH
29 March 2014
Lower price for Johor land
Mah Sing Group Bhd's price for the Pasir Gudang land in Johor that it is acquiring from Bistari Land Sdn Bhd has been revised for a second time to RM401.16mil, or RM6.81 per sq ft (psf), from RM411.16mil previously.
19 March 2014
New mega project in Iskandar
China's Country Garden Holdings Co Ltd and Kumpulan Prasarana Rakyat Johor (KPRJ) have drown out plans for a massive reclamation project to build luxury homes near Pendas in southern Johor near Singapore.
15 March 2014
Mah Sing gets nod for land buy
Mah Sing Group Bhd's shareholders have voted in support of the group's Pasir Gudang land acquisition at its extraordinary general meeting. The 547ha of freehold land, named Bandar Meridin East, is expected to have an estimated gross development value (GDV) of RM5 billion.
FEBRUARY
10 February 2014
UEM Sunrise, KLK team up for RM20b project in Iskandar
UEM Sunrise Sdn Bhd and Kuala Lumpur Kepong Bhd (KLK) will jointly develop 1,214ha of land at Iskandar Malaysia, Johor with a gross development value (GDV) of RM20billion. The development will involve two parcels of land worth RM1.74 billion.
18 February 2014
Four unit limit for bulk sales by developers
The government has implemented a measure to control bulk sales of property to try and curb the proliferation of 'property clubs' that have been walking away with handsome profits, especially in the Klang Valley.
11 February 2014
Eco World to launch two townships
Eco World Development Group Bhd will be launching two township development projects in Iskandar Malaysia in May, following the success of its flagship project EcoBotanic @ Nusajaya launched last September. The projects - EcoSpring and EcoSummer located in the Tebrau growth corridor - would be launched concurrently.
JANUARY
14 January 2014
Property market to take a breather this year and next
The property market might need at least two years to digest and recover from the various cooling measures that came into effect this month, but expect it to surge again in 2016. According to Malaysian Institute of Estate Agents president Siva Shanker, 2014 is expected to be a tough year for sales, but the market will find its footing next year and catch the next upcycle in 2016.
15 January 2014
Cautiously optimistic outlook
The "feel-good" factor that was prevalent in 2012 and 2013 for the property market in Iskandar Malaysia is unlikely to continue this year following property cooling measures introduced by the Government in the last quarter of last year. Property developers are rather cautiously optimistic on the market outlook for 2014 and are anticipating it to be a tough year for many.