SP Setia bags top property developer award
SP Setia Bhd clinched the top spot in The Edge Malaysia Top Property Developers’ Awards (TPDA) 2017. This is the second consecutive year the company has won the spot. S P Setia was also awarded the Best in Quantitative Attributes sub-award, sharing it with IOI Properties Bhd. The Best in Qualitative Attributes sub-award, meanwhile, went to Sunway Bhd. Other recipients of the TPDA are Sunway Bhd (2), Sime Darby Property Bhd (3), IJM Land Bhd (4), Eco World Development Group Bhd (5), UOA Development Bhd (6), Mah Sing Group Bhd (7), IGB Corp Bhd and IOI Properties Bhd (8), UEM Sunrise Bhd (9) and Tropicana Corp Bhd (10). (The Edge Markets)
Country View plans RM1.26bil mixed development in Johor
Country View Bhd plans to undertake a mixed commercial development in Iskandar Puteri, Johor with GDV of RM1.26 billion. The property developer said its unit Country View Resources Sdn Bhd had signed an agreement to buy a piece of freehold land measuring 163.92 acres from UEM Sunrise Bhd for RM310mil, which would be project site. The proposed project is a mixed commercial development comprising resort linked villas and shop-offices, with certain commercial plots reserved for later development. It is expected to be developed in seven years after obtaining all necessary approvals. (The Star Online)
HSR public inspection to start without Forest City stop
Public inspection on the Kuala Lumpur-Singapore High-Speed Rail (HSR) project starting Nov 1 will focus on the existing alignment featuring seven local stations, without the proposed station at the Forest City property development in Johor. SPAD is still reviewing the application made by Forest City to include a station in the development. The three-month public inspection till Jan 31, 2018, would showcase the initial seven locations. The information in the public inspection includes the plots of land within a 500 metre corridor that would be affected. (The Edge Markets)
Only 0.2% of promised PR1MA units built, says Penang exco
Putrajaya had promised a total of 625,000 units under its PR1MA scheme since 2012, but only 1,332 have been finished, said Penang state exco Jagdeep Singh Deo. He added that Putrajaya has also only delivered 883 units. He noted that despite the low completion rate, the federal government continued to promise more PR1MA units in Budget 2015 (80,000 units), Budget 2016 (175,000 units), Budget 2017 (30,000 units) and Budget 2018 (210,000 units). Jagdeep also pointed out that not a single PR1MA unit was built in Penang. Meanwhile, the Penang state government had completed 20,887 units of low-cost and low-medium cost housing with CCC and they keys handed over to buyers. (Malay Mail Online)
Boustead Plantations buying Sabah land for RM750mil
Boustead Plantations Bhd’s unit Boustead Rimba Nilai Sdn Bhd is buying 42 parcels of land totalling 11,579.31ha in Labuk and Sugut, Sabah, from Dutaland Bhd’s Pertama Land Sdn Bhd for RM750 million. Following the purchase, it will embark on measures to increase its productivity, which include progressive replanting of old and low-yielding fields and the construction of a new palm oil mill in one of the estates. Boustead Plantations estimates a total investment of RM250 million for the above measures which will be implemented over 10 years. (The Sun Daily)
Guocoland wants more land
Guocoland (M) Bhd, the property arm of Hong Leong Group, is looking to increase its landbank in Greater Kuala Lumpur in order to become a renowned property company and brand in the next five years. Guocoland has about 7,500 acres of undeveloped land in Rawang, Cheras, Sepang and Jasin in Melaka. Of these, a total of 500 acres with a GDV of RM6bil is being planned for launch within the next three to five years. It is targeting RM1bil sales for FY18. The company plans to differentiate itself from other developers by focusing on planning, execution and timely delivery as part of the branding strategy. (The Star Online)
Malaysia’s biggest grocery mart to open next year
SP Setia Bhd will unveil the biggest urban grocery market in Malaysia at the Kuala Lumpur Eco City (KLEC) Mall in the first quarter of next year. The collaboration with Jaya Grocer brought the idea of Bangsar Market to life, and it will be at Level 2 of KLEC Mall, occupying the entire floor measuring 54,000 sq ft. It was inspired by internationally-renowned markets like Camden Market in London and Queen Victoria Market in Melbourne. Besides fresh fruits and vegetable stations, a fresh juice station and salad bar, it will also feature a unique durian stall that serves durians all year round. (The Star Online)
Malaysia sees biggest mobile data breach
The personal details of some 46.2 million mobile number subscribers in Malaysia have been leaked in what is believed to be one of the largest data breaches ever seen in the country. The data includes home addresses and MyKad numbers to SIM card information. It is also said that 81,309 records from the Malaysian Medical Council, Malaysian Medical Association (MMA) and Malaysian Dental Association were also leaked. The most common social engineering attack examples were phone and messaging scams, and even cloned phones. Users need to be alert when receiving calls and messages from strangers, and are advised to change their SIM card. Do not get tricked into sharing more personal details, transferring funds or installing apps. (The Star Online)
