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Numerous Housing Projects Abandoned in Jenjarom

Extract from The Star (22/04/11)

KAMPUNG Batu 9 Kebun Baru near Jenjarom in the Kuala Langat district is surrounded with abandoned housing projects and its villagers are fed up.

Over 10 years, the area between Jalan Kebun in Klang and Jenjarom, has attracted numerous development projects; sadly, most of these projects have been left unfinished.

Villagers said they kept stumbling upon new housing projects which were eventually abandoned after a period of time.

As for the village itself, they said, it had not seen much development.

A check by StarMetro showed the village has several abandoned housing projects especially along the branch roads leading to Jenjarom.
 Wasted: The property is nearing completion only to be abandoned by its developer.
Wasted: The property is nearing completion only to be abandoned by its developer.

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Mah Sing Wins 4 Awards

Extract from New Straits Times (22/04/11)

Mah Sing Group Bhd is companies in the recently judged Asia Pacific Property Awards 2011 in association with Bloomberg Television.

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Bangi Heights Unveils Legundi Residensi

Extract from New Straits Times (22/04/11)

Bangi Heights Development Sdn Bhd (BHD), a UMLang Bhd unit, will be targeting upgraders and second-home seekers with its recently unveiled Legundi Residensi in Bangi, Selangor.

Situated on 8.3 acres within BHD's Bandar Seri Putra township, the RM 40 million project offers a limited 65 landed units that will be set amidst spacious landscaped surroundings.

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KL Commercial Mart Outlook Mixed

Extract from New Straits Times (22/04/11)

The outlook for Kuala Lumpur's commercial Property market is a mixed bag.

The office market may see rental and occupancy rates trend downwards in the current year, says global real estate agent Knight Frank, noting the average occupancy of prime offices in H2 2010 was stable at 94 per cent in the city and 91 per cent on its fringe with prime office rental's between RM6050psf and RM11.50psf.

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Schindler Gets Duta Kinrara Moving

Extract from New Straits Times (22/04/11)

Duta Kinrara, surrounded by the Ayer Hitam Forest Reserve in Bandar Kinrara, Puchong, is a new residential development by Pilot Realty & Development Sdn Bhd.

It consists of five bungalows named Pansy, Iris, Laurel, Olive, and Tulip as well as 24 semi-dees.

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Ken Group Building Recurring Income Stream

Extract from New Straits Times (22/04/11)

Award-winning Ken Holdings Bhd is seeking to build a recurring income stream beginning with two green developments: Its corporate head office in Kuala Lumpur and a boutique hotel in Penang costing a total of RM200 million to RM220 million.

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Sunhor Unveils Tigaman Square Tomorrow

Extract from New Straits Times (22/04/11)

Sunhor Property Bhd, the development arm of Lokasi Canggih Sdn Bhd, will be launching its freehold Tigaman Square in Bukit Kemuning, Selangor, tomorrow.

The RM190 million development, which sits on 7.69 acres, offers 88 office suites with SoHo concept and 268 units of retails shops in four blocks of six-storey commercial plazas.

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Size Definitely Matters

Extract from New Straits Times (22/04/11)

It is funny how trends work. Twenty years ago, bell-bottoms were a fashion statement but faded await after a while only to return years later.

Such a trend cycle is also evident in the world of technology with mobile phones. When Nokia launched its 2100 series in 1994, though big and bulky for today's mobile state, almost everyone wanted one. Competitors then followed with smaller and more agile models - for instance Motorola StarTEC was as small as half the size of a cigarette box back in 1996.

Sixteen years haev passed since the StarTEC era and bigger mobile phones are now sought after again, such as HTC Desire HD and Iphone range. Of course, they carry better features but size-wise they are bigger than your palm - once again, we have fallen to the trend cycle, where bigger is better.

Similarly, in the property world, buyers have begun to realise that even though open planning may be cozy, space still boasts comfort and luxury. The trend of people seeking smaller homes for conveniences, such as easier to maintain, has moved to bigger homes to cater more interesting lifestyles.

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TRC Bags RM43.8m Putrajaya Housing Project

Extract from The Edge (21/04/11)

PETALING JAYA: TRC Synergy Bhd's wholly-owned construction arm Trans Resources Corp Sdn Bhd has been awarded a RM43.8 million contract to undertake the construction of two types of public housing at Precinct 8 in Putrajaya.

With this latest contract, TRC's order book will rise to RM1.3 billion and is expected to keep the company busy for the next three years, the company noted in a statement on Wednesday, Apr 20.

It added that the latest housing project in Putrajaya would include the construction of 40 units of three-storey semi-detached and four units of 2½-storey semi-detached public housing at two different parcels of land in Precinct 8. Two mock-up showhouses will be built to be completed in 12 months from the date of site possession on Wednesday.

The project is scheduled to be completed within 20 months.

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Work on Mid Valley City Phase 3 to Begin

Extract from The Edge (21/04/11)

KUALA LUMPUR:
IGB Bhd will commence the building of Mid Valley City's third phase in the next few months, while two other development projects are also set to take off.

In its annual report released on Wednesday, Apr 20, IGB said the last phase of the Mid Valley City development, Mid Valley City Phase 3, was planned as a commercial development with an office and a retail building with an estimated gross built-up area of more than one million sq ft.

An analyst reckoned the project would take off in the next few months, pending approvals from the authorities.

The analyst said IGB would likely use some of the RM215 million in cash it would receive for the sale of its entire holdings in Mid Valley City Gardens Sdn Bhd to KrisAssets Holdings Bhd to fund the project.

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