Category: Kuala Lumpur / Selangor Props
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Oxley Holdings, RM10 billion GDV, shoe box concept success
Shoe box concept means very small units of residential properties. According to Datuk Othman Omar the head of Oxley Holdings (Malaysia), the Singapore listed Oxley Holdings Ltd has been very successful in Singapore with the shoe box concept and they plan to bring this into Malaysia. They expect to launch three to four projects within…
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Potential 1,000 new PR1MA low cost homes cancelled, new plans?
A few weeks back, I read about Ivory Properties announcing that it has won the rights to redevelop Plaza Rakyat and that the GDV was going to be RM8 Billion. This is indeed a huge project for Ivory Properties which is one of Penang’s very own homegrown developers. I have personally bought one property from them…
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No rumour, No speculation, Pudu Prison for Eco World, KWSP
UDA has announced that the development of Pudu Prison will be undertaken by a consortium of UDA, Eco World and KWSP. The development would be known as Bukit Bintang City Centre. UDA will hold 40%, Eco World 40% and KWSP 20%. The choice of Eco World was due to its good track record. The development…
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Eco World, Pudu Prison and RM7 Billion GDV
Every time we hear about Eco World, the GDV is always in the billions. This is despite the fact that Eco World is still considered a young upstart. Of course, everyone knows the team behind Eco World and we shall not explain more. In a report by The Malaysian Insider, it said that Eco World…
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‘Stronger’ 2H expected, ahead of GST
What happens if kopiandproperty.my tells you that 2nd half of 2014 is going to be better than first half? Please read other news to see if it is true. However, if a top developer in Malaysia says so? Well, I think we can believe it slightly more. Mah Sing Group Bhd said that buying momentum…
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Not too far, Not too high, RM700,000 in 3 years
I have just moved into my new place, Armanee @ Damansara Damai. No, not the seven figure condo. This one is just slightly above half a million. The size is around 1,750sf. Yes, this is the area which everyone said, ‘wah so far’, ‘that area ah, not good ler’ or the best one for me,…
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RM3.90 today, RM4.85 near future and 300% up in profits.
How many listed companies in BURSA can claim to have a 300% increase in net profit? Not many if you look around. In fact for banks, if they can grow by 20%, that’s like a record. MKH Berhad did just that. It’s net profit for Quarter 2 ended March 31 increased 300%. This was contributed…
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362.8km of tolled roads in Malaysia belongs to IJM, soon.
One thing which some developers do, once they obtain sufficient reserves from the years of profits would be to buy up businesses with recurring income. This helps to stabilised their earnings as well as to ensure they are still profitable even during slow times or if it should happen again, a financial crisis. A new…
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RM3 Billion new town centre, are you ready?
For those who do not know Kwasa Damansara is the master developer of the RM50 billion township development in Sungai Buloh. There were 20 Tier 1 developers selected earlier for the submission of proposals for the development of a town centre project. However, despite the deadline being 27 May which is a matter of days…
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En bloc sales, property market and maturity readiness
Recently, I read an interesting article by Chris Tan of Chur Associates. I have listened to him 2 times, both times I felt that his presentation is easy to understand and he is indeed a passionate guy in the legal aspects of real estate. His recent article touched upon en bloc sales and he gave…