KUALA LUMPUR: Land owners in Kampung Baru can become millionaires as they stand to receive up to RM4 million each upon accepting the redevelopment concept plan proposed by the government.

Sunrise Bhd, which surprised the market with its partnership with Sime Darby Property to develop a prime commercial project in Shah Alam’s Bukit Jelutong, looks set to pull off another winner.The developer plans to make its debut in the Kuala Lumpur city centre by the next quarter with the launch of Solaris Towers.

The local property mortgage market broke into a fierce price war last year as banks tried to outdo each other, wooing customers with innovative, flexible and competitively priced loan packages.

The Manhattan Loft Corp (MLC) CEO Harry Handelsman is a driven man, and he loves his work in property development. “There is an opportunity to make a difference.

A poll by KGV Lambert Smith Hampton on selected developers in Johor shows that most believe the Johor housing market will be positive in 2010. They cited two main reasons — the spill over effect of Singapore’s Integrated Resort (IR) developments, and growing confidence in the market among investors and buyers.

KUALA LUMPUR: The Malaysian government  has announced the redevelopment of Kampung Baru in the heart of the city under a concept which, among other things, does not require relocation of the residents or land owners.

On Christmas eve, Mah Sing Group Bhd announced that it was selling en bloc the East Wing of The Icon@Tun Razak, this time for RM226.5 million or RM860 psf (based on net lettable area of 263,4

What's in store for 2010

Wa

The city's major brokerage firms reported that prices in 4Q2009 in the Manhattan property market had decreased from a year ago while sales had risen. I expect this trend to continue into early 2010.