From the family that brought you the Cycle & Carriage Group which pioneered the Mercedes Benz franchise in Malaysia and Singapore, the Chua family continues its business legacy today through Menara Binjai.
The two-day 11th FIABCI Asia Pacific Regional Secretariat Summit that concluded in Medan Indonesia recently was not “talk shop” but a fruitful sharing of relevant information of prevailing real estate situation in participating countries. The summit was officially opened by the Indonesian Minister of Public Housing Bapak Suharso Monoarfa.
Bank Negara Malaysia (BNM) had on 3 November imposed with immediate effect the maximum loan-to-value (LTV) ratio of 70% for the third house financing facility taken by a borrower as it seeks to curb “excessive investment and speculative activity in the residential property market”. The measure aims to support a stable and sustainable property market, and promote the continued affordability of homes for the general public as BNM had observed that specific locations, particularly in and around urban centers, have experienced faster growth in the number of transactions, in house prices as well as an increase in financing provided for multiple purchases by a single borrower.
Inspired by nature, the Borneo Convention Centre Kuching stood proud as the sole Malaysian flag bearer at the MIPIM Awards 2010 in Hong Kong recently. This flagship convention centre of the state of Sarawak in East Malaysia is located just 8km away from the Kuching city center and overlooking the majestic Sarawak River in the Kuching Isthmus. BCCK commands an astounding 387,500 sq ft of space, housing up to 5,000 people in theatre-style meeting rooms and 2,000 people for banquets.
Lights dazzled the sky with a splash of fireworks. However, shining even brighter than the fireworks or stars that night was the illumination of the South Quay Princess.
As of the second quarter ended 30 June 2010, the future of Hektar Asset Management Sdn Bhd (Hektar) sturdily sets itself on optimistic shoulders as Hektar Real Estate Investment Trust (Hektar REIT) verified a 3.2% (net income RM9.1 million or 2.85 sen per unit) increase and as the Dividend per unit (DPU) rose 4.2% (or 2.50 sen) over the
World’s top provider for green building solutions Carrier Corporation recently added another high-end project under its wings – the new 36-storey Glomac Tower. The uniquely-celebrated WebSTRL® technology that enables systems monitoring from anywhere in world through a
Thinking smart was the way to head into 2010, no different will it be for 2011.
For the people at SMART International Property Expo, smart is the only way to go. As one of the longest and most sought after property investment showcase in Asia, 2010 presented a fresh and new canvas to paint with colorful events. We spoke to Hoi Cheung, Founder and Director of Corporate Consumer Communications Ltd (3:C) to find out more for the coming year.
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The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) held a press conference on 16 December 2010 at the Istana Hotel, Kuala Lumpur to officially announce PEPS’ 4th Malaysian Property Summit that will be held on the 18 January 2011 at the Sime Darby Convention Centre in
A memorable night it was on 18 December 2010 for the Malaysia My Second Home Agents’ Association as they kicked-off their first ever annual dinner, celebrating the “Homers” of Malaysia.
The recently concluded fifth edition of MIPIM Asia in November last year saw sustainable urban renewal real estate projects taking center stage where some of the region’s most ambitious urban renewal real estate projects, ranging from the Shanghai Huangpu River Banks Comprehensive Development Project to Hong Kong’s 320-ha Kai Tak Development were showcased to the 1,900 MIPIM Asia delegates from 42 countries.
On 8 December 2010, the Shanghai Spring Property Summit and Exhibitor Appreciation Gala was held at Pudong where members of government agencies, local and overseas property industry representatives and media groups participated in thought-provoking panel discussions on topics like “Property Purchasing Limit Statute” and “Low Carbon Energy Conservation”.