JB Jurunilai Bersekutu: Articles & Newsletters

Reviving Abandoned Projects (Part 2)

Reviving Abandoned Projects (Part 2)

The presence of many abandoned housing projects in the country has given great anxiety to various parties, including buyers and the Federal Government. Under the Government Transformation Program Roadmap, one of the ministry's KPI is the revival of abandoned licensed private residential project and it targets to revive at least 35 projects by year end. In order to achieve this, the ministry had taken steps to engage the existing developers to help them overcome whatever chall

Reviving Abandoned Projects (Part 1)

Reviving Abandoned Projects (Part 1)

The housing industry in Malaysia is regulated by the Housing Development Act which has undergone series of changes and inception. Based on data from the Housing and Local Government Ministry, as at May 2009, some 155 housing projects have been abandoned, involving a total of 48,664 housing units (of these, 31,337 units have been sold) and effecting more than 25,000 house buyers. But not all abandoned projects can be resuscitated. Some 12 projects involving a total of 1,601 un

Malay Reservation - Issues & Problems

Malay Reservation - Issues & Problems

The Malay Reservation Area (MRA) is a familiar but complex subject that elicits considerable public interest, in particular the potential for developing Kampong Baru into a modern commercial area because of its location within the City Centre. Although a few development plans have been prepared for the MRAs, to date, little progress has been achieved and the issue on slow development process of the MRAs. Legal restrictions imposed on property and the land ownership are the ma

Malay Reservation - Historical Background

Malay Reservation - Historical Background

‘Malay Reservation Land’ refers to a special category of land confined within the boundaries of a state which can only be owned and dealt over by Malays or persons deemed native residents of the state. Article 89(6) of the Federal Constitution 1957 defines “Malay Reservation” as land reserved for alienation to Malays or to natives of the State in which it lies. The same provision also states that "Malay” includes any person who under the law of the state in which he is reside

Gurney Paragon, Along Gurney Drive, Penang

Gurney Paragon, Along Gurney Drive, Penang

Set to be Penang’s iconic landmark along the famous Gurney Drive and a neighbour to the established 90-year old St Joseph’s Novitiate, the RM400 million twin tower, high-end condominium development incorporating a 1 million sqft shopping mall known as the Gurney Paragon will definitely change the trend and lifestyle of Penang urbanites when completed at the end of 2010. Gurney Paragon is easily accessible via major roads in Penang such as Burma Road, Codrington Avenue, Bagan

Lido Boulevard, Johor Bahru

Lido Boulevard, Johor Bahru

It was reported that Central Malaysia Properties Sdn Bhd (CMP) would embark on a multi-million ringgit waterfront project overlooking the Straits of Johor known as Lido Boulevard, an integrated development project within the Iskandar Malaysia region which was scheduled to be completed by 2016. This flagship project, fully funded by Central Malaysia Properties Sdn Bhd is a joint venture between the former and the Johor State Secretary Inc as the land belongs to the state. Lido

51Gurney (Vicinity of KLCC, Kuala Lumpur)

51Gurney (Vicinity of KLCC, Kuala Lumpur)

Located at the intersection of Jalan Perumahan Gurney and Jalan Gurney and about 1.2 km from the Petronas Twin Towers, is the luxury condominium project developed by Zahari Holdings Sdn Bhd known as 51Gurney. The project sits on a 1.07-acre freehold site and is purposely designed to have a commanding view of the KLCC skyline and it is also the only condominium project in the country with the ‘First Ever Car Port in the Sky’ concept that integrates a state-of-the-art car lift

INFINITY – Beachfront Living, Penang

INFINITY – Beachfront Living, Penang

“INFINITY – Beachfront Living” is a high-end 3.05-acre freehold condominium development undertaken by Hunza Properties Sdn Bhd. It is ideally located on an expansive white beachfront at Penang’s prime Tanjung Bungah enclave on the northern coast of the Island, about half hour drive from downtown Georgetown. Immediate neighbours include the Dalat International School, a school for expatriate children, and some international class hotels, viz., Rasa Sayang Hotel, Golden Sands H

Lido Boulevard Project, Johor

Lido Boulevard Project, Johor

A multi-million ringgit integrated waterfront development project, located on 49.37 ha of land stretching 2.4 km along the Tebrau Straits in Johor to be developed by Central Malaysia Properties Sdn Bhd, and comprising comprises 4 main components, viz., a) luxury condominiums, b) waterfront office suites, c) a hotel and d) a shopping mall when completed in 2016 will be touted as one of the biggest waterfront projects in Johor, rivalling the Danga Bay development. The project,

Iskandar Malaysia (Part 5 - The Southern Development Corridor)

Iskandar Malaysia (Part 5 - The Southern Development Corridor)

Iskandar Malaysia will drive the growth of the property sector in Johor during the current global economic downturn. Real Estate & Housing Developers Association (REHDA) Johor branch chairman Lee Kim Chai concurred that Iskandar Malaysia was the driving force for the property market in Johor. He said the influx of local and foreign investors would create job opportunities within the 2,217 sq km Iskandar Malaysia and the presence of new residents boded well for the market in J

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