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Sunway-Daiwa JV to Build Pre-Fab Houses in Iskandar

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Sunway-Daiwa JV to Build Pre-Fab Houses in Iskandar Client : Sunway Iskandar Media : Estate123 Insight Section : Online Date : 12 June 2015 Circulation : N/A Headline : Sunway-Daiwa JV to build pre-fab houses in Iskandar Sunway-Daiwa JV to build pre-fab houses in Iskandar Sunway-Daiwa JV to build pre-fab houses in Iskandar Property and construction company Sunway Bhd had joint-ventured with Japan’s top pre-fabricated homebuilder, Daiwa House Industry Co Ltd (DHICL) to build 100 high quality units of pre-fabricated homes in Sunway Iskandar, Johor. This means that the housing structures are produced off-site in a factory before the final fitting onsite, resulting in higher quality homes, reduce foreign labour dependency, shortens delivery time and less environmental pollution. The project in Sunway Iskandar’s Lakeview Precinct has a gross development value of RM210mil, and is expected to be launched in 2016 to attract Malaysians, Singaporeans and Japanese buyers. (The Star Online) FGV buying RM1bil stakes in Indonesian plantation group Felda Global Ventures Holdings Bhd (FGV) has been in talks with PT Eagle High’s controlling shareholder Tan Sri Peter Sondakh to acquire some 30% of his equity interest in the Indonesian plantation group, valued at about RM1 billion. PT Eagle High Plantations Tbk is the third largest plantation group listed in Jakarta, and is valued at just over US$1 billion (RM3.74 billion). Sources say the negotiations are in the final stage, with just some minor details to be sorted out before the transaction goes through. (The Malaysian Insider) FGV seeking buyer for N. American assets Insiders have revealed that Felda Global Ventures Holdings Bhd., the world’s largest producer of crude palm oil, is seeking a buyer for its assets in North America. Bids for its crushing and refining business in the US and Canada could fetch up to $150 million. FGV had earlier announced that it will sell some assets in order to increase its core palm oil plantation business, expand trade and develop new markets. (The Malaysian Reserve) Sunsuria targets RM1bil annual property sales Property developer Sunsuria Bhd is targeting RM1 billion in property sales per year, mainly from its township in Sepang, starting with sales of RM900 million for its financial year ending September 30, 2016. It has changed its financial year end from March to September. Financial year aside, the group’s total launches is estimated to be worth about RM1 billion in the next 12 months, said executive director Kong Wai Seng. (The Sun Daily) Mah Sing: Ringgit’s fall will not affect housing market Property developer Mah Sing Bhd is optimistic that the weakening Ringgit will not affect the housing market, especially in regards to first-time buyers as demand is still strong. The company achieved the highest domestic property sales last year, and is aiming for the same sales figures this year. The group’s residential launches in the next few months include areas like Sungai Buloh, Cheras, and KL South. (Malaysia Chronicle) EPF’s 1MDB investment only RM200 mil Prime Minister cum Finance Minister Datuk Seri Najib Razak has said that the Employees Provident Fund’s (EPF) investment in strategic investment fund 1MDB is only limited to RM200 million. In contrast, EPF’s investment in Pembinaan PFI Sdn Bhd totalled RM25 billion, which is guaranteed by lease back from the federal government. EPF’s financing to government-linked companies (GLC) is in the form of fixed rate loans and bonds. This was in reply to a query regarding GLCs who had borrowed from EPF and how the money was used. (The Rakyat Post) Quake in KL possible due to ancient fault lines A geological expert has said that concerns about an earthquake hitting Kuala Lumpur are not misplaced, following the quake tragedy in Sabah last week. The federal capital is located near the epicentres of ancient fault line zones, which seem to have been reactivated by active compressed tectonic plate boundaries. This could be a cause for concern, as many structures in the city are not built to withstand earthquakes. (The Malaysian Insider) Link: http://www.estate123.com/insight/2015/06/property-news-summary-12-june-2015/ Client : Sunway Iskandar Media : Lee Zai Yu Section : Blog Date : 15 June 2015 Circulation : N/A Headline : Sunway – Daiwa House Joint venture 30:70 Sunway – Daiwa House Joint venture 30:70 【马】双威与大和房建组 30:70 合资 双威(Sunway)与日本顶尖预制房屋建造商大和房建(Daiwa House Industry)组 30:70 合资，以在柔佛 “盛绿之都”(Sunway Iskandar)发展首 100 间优质预制有地房屋。 在这项协议下，双威的子公司双威依斯干达(Sunway Iskandar)将把其面积为 13 英亩的土地(价值 6,300 万令吉)的租契转移至上述合资公司，而上述发展项目将包含洋房、半独立洋房及排屋，并附带设施。 大和房建驻马来西亚的董事经理 Daisuke Usugi 表示，马来西亚的房屋需求量在过去几年里一直稳定增 长，尤以年轻人居多。预制房屋的素质较高，同时能够减少对外劳的依赖，并缩短交货时间。 启示：上述项目的发展总值(GDV)估计为 2 亿 1,000 万令吉，它预计将在 2016 年初推出，销售对象为 马来西亚人、新加坡人和日本人。双威补充，双方自 2012 年便进行协商，而透过将预制技术带到马来 西亚，双威与大和房建未来将可能取得更多项目。 Link: http://leezaiyu.blogspot.com/2015/06/3070.html Client : Sunway Iskandar Media : Starproperty Section : Online Date : 15 June 2015 Circulation : N/A Headline : Joint venture brings cutting edge technology to Malaysia Joint venture brings cutting edge technology to Malaysia Artist’s impression of the Sunway Iskandar masterplan which details where each aspect of the development will fall into place. ISKANDAR: Pre-fabricated homes are a rare sight in Malaysia, but all that is set to change with the recent joint venture between Daiwa House Malaysia Sdn Bhd and Sunway Iskandar Sdn Bhd. Daiwa House plans to alter the public’s perception by developing 100 units of high quality pre-fabricated landed homes, located strategically within Sunway Iskandar’s Lakeview Precinct. Sited on a 13-acre plot that Sunway Iskandar transferred to the joint venture company, this project will be adjacent to the pristine 20-acre Emerald Lake. The parcel of land is to be 70% owned by Daiwa House and 30% by Sunway Iskandar with a financial consideration of RM63 million for the development of the homes. The term ‘pre-fabricated’ refers to the process of manufacturing of houses or housing components offsite in a factory environment before final installation onsite. These pre-fabricated housing technologies enable for faster construction and delivery to customers, in addition to consistent product quality and enhanced liveability. Using cutting-edge technologies, the project will consist of bungalows, semi-detached and cluster homes, all safely ensconced in a gated and guarded community. To further enhance the living conditions of its future residents, there will be amenities provided such as a clubhouse, swimming pool, gymnasium, multi-purpose hall, childcare centre and prayer facilities. The project has a gross development value (GDV) of RM210 million and is expected to launch in early 2016, with the handover to customers estimated for mid-2017. Potential homebuyers stand to benefit from the strategic location of this project as Sunway Iskandar is also known as “Nature’s Capital City”. Apart from the lush greenery surrounding Sunway Iskandar, it is located within the heart of Iskandar Malaysia, and is approximately five minutes away from Singapore via the Second Link Expressway. It is also 25 minutes from Senai International Airport and is surrounded by Iskandar Malaysia’s catalytic developments including Legoland Malaysia, Pinewood Iskandar Malaysia Studios, EduCity, Kota Iskandar and the International Financial District. According to Sunway Property managing director Sarena Cheah, “This strategic collaboration is in line with Sunway’s vision to integrate world-class liveability in Sunway Iskandar. With Daiwa House’s world- recognised expertise in pre-fabricated technologies, we hope to expand the pre-fabricated housing technologies in Malaysia and to deliver high quality products to our homebuyers in Sunway Iskandar.” As a subsidiary of Japan’s largest pre-fabricated homebuilder and Fortune Global 500 company, Daiwa House Industry Co. Ltd., Daiwa is a pioneer in prefabricated housing in Japan and has been producing more than 550,000 prefabricated homes since 1959. Prior to this, Daiwa has completed a prefabricated house prototype in Sunway Eastwood, Selangor, since the middle of last year. The 3-storey bungalow prototype, with a built-up area of 3,968 sq. ft., was completed from ground up within a short 5 months, utilising local suppliers and contractors. “The homes in Sunway Iskandar will incorporate cutting-edge design features, tapping into Daiwa’s experience in Japan and R&D strengths, such as child-friendly door designs, home energy management systems, as well as game-changing lifestyles for the communities of Sunway Iskandar,” said Daiwa House Malaysia managing director Daisuke Usugi. Link: http://www.starproperty.my/index.php/articles/property-news/joint-venture-brings-cutting-edge- technology-to-malaysia/ Client : Sunway Iskandar Media : iProperty.com Section : Online Date : 16 June 2015 Circulation : N/A Headline : Daiwa-Sunway JV to Build GDV RM210M Pre-fab Homes Daiwa-Sunway JV to Build GDV RM210M Pre-fab Homes Pioneering pre-fabricated housing development in Iskandar Jun 16, 2015 - By: iProperty.com Singapore Nusajaya, Johor, 15 June 2015 ~ Daiwa House Malaysia Sdn. Bhd. (“Daiwa”), a subsidiary of Japan’s largest pre-fabricated homebuilder and Fortune Global 500 company,Daiwa House Industry Co. Ltd., has entered into a Joint Venture (“JV”) with Sunway Iskandar Sdn. Bhd. (“SISB”), a subsidiary of Sunway Berhad, to develop 100 units of high quality pre-fabricated landed homes in Sunway Iskandar with a gross development value (GDV) of RM210 million. The properties to be developed under the JV are targeted for sale to buyers in Malaysia, Singapore and Japan, aligned with the plan to attract Japanese homebuyers to the Iskandar community. The Japanese market is one of the top five investors in Iskandar and there has been a steady increase in Japanese interest in Iskandar due to its conducive environment and proximity to Singapore. Under the agreement, SISB has transferred the lease of a 13 acre land located in Sunway Iskandar to the JV Company, to be 70% owned by Daiwa and 30% by SISB, a financial consideration of RM63 million for the development of 100 units of landed homes.
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