Property Specialist in Johor Bahru, Johor, Malaysia

GuocoLand embarks on RM48b world-class eco-city project Get Daily Property News in Malaysia, News Powered by PropertyGuru Malaysia May 30, 2012 - PropertyGuru.com.my Share | | Comment | E-mail to friend | Bookmark & Share GuocoLand Malaysia, the property arm of the Hong Leong Group, will embark on the development of the RM48 billion Sepang International City, a project under the Greater Kuala Lumpur National Key Economic Area. The 4,000-acre eco-city development is expected to secure around 50,000 jobs by 2020 and boost Malaysia's gross national income by RM19 billion. Prime Minister Dato' Sri Mohd Najib Tun Razak announced at the Economic Transformation Programme (ETP) Progress Update briefing that the development is the biggest Entry Point Project under the Greater Kuala Lumpur/Klang Valley NKEA. According to Yeow Wai Siew, Managing Director of GuocoLand, the group by this time is processing its authorisati

Several market watchers are calling for the Malaysian government to address the issue of affordability of residential properties as constantly high prices became a real concern to many people. According to a report by The Star, Dr Yeah Kim Leng, Chief Economist of Ratings Agency Malaysia Holdings Bhd (RAM), said, "We have computed the affordability (issue). Prices have risen to a level that has created some concern. In fact the International Monetary Fund (IMF) in its Article 4 consultation report has mentioned that this is the main risk or vulnerability facing the Malaysian economy : overvalued house prices." "It is not a bubble yet largely because for certain segments the income level is sufficient to absorb those kind of (high priced) houses. But there comes a point where you will find declining demand largely because of rising vacancies or declining rental yields that will help to cap property prices," Yeah added. While he expects for an ev

2010 JOHOR PTG Guidelines for acquisition of real property by foreign interests (Dasar baru garis panduan perolehan hartanh oleh kepentingan asing dalam Negeri Johor. – Pekiling PTG Johor Bil.01/2010. ) Yang Pei Keng 23 April 2010 1. Repeal of FIC Guidelines On 1 July last year (2009), the Prime Minister Najib announced to the press about the deregulation of investments guidelines administered by the FIC: “… I am pleased to announce a comprehehsive deregulation of investment guidelines administered by the FIC. He said earlier in his statement: “… an objective assessment would conclude that the FIC in its current form does not facilitate growth …” “.. the FIC’s scope now involves far fewer transactions, far fewer rules and far fewer conditions.” “With immediate effect, the FIC guideline covering the acquisition of equity stakes, mergers and takeovers is repealed, without any new guideline in its place. FIC will no longer process any