Trusted for properties in Malaysia

Sime Darby Property Bhd (SDP) sees 2023 to be a challenging year for the property industry due to rising raw material prices and the recent hike in the overnight policy rate (OPR) to 3%.

YNH Property Bhd’s land deal with Sunway Group Bhd seems to have hit a stumbling block as Bursa Securities has raised more questions on the transaction.

Sime Darby Property Bhd has announced its proposed acquisition of three parcels of freehold land totalling 948.8 acres in Kapar, Klang for RM618 million, which has been approved by shareholders at its extraordinary general meeting (EGM) on Wednesday (May 24).

Noteworthy: Freehold Built-up size: 10,000 sq ft Land size: 27,443 sq ft 6 bedrooms, 6 bathrooms Semi furnished Nearby amenities: Convenience stores, Suria KLCC, KL Tower, Pusat Sains Negara, KLCC LRT Station Accessibility: KESAS highway, EKVE highway, Ampang-Kuala Lumpur Elevated Highway (AKLEH) When: November 2022

An expert has called on the authorities to be transparent and get to the bottom of what has caused the fires at the old Employees Provident Fund (EPF) building at Jalan Gasing here.

Noteworthy: Built-up size: 864 sq ft 3 bedrooms, 2 bathrooms Serviced residence Fully furnished Nearby amenities: Retail stores, AEON Cheras, IKEA Cheras, Berjaya Time Square, sports clubs, hospitals, LRT Maluri, MRT Maluri Accessibility: North-South Highway (PLUS), Maju Expressway (MEX), Middle Ring Road 2 (MRR2) and Jalan Tun Razak When: February 2023

Akmal said the new administration will review the proposed initiative and study the cause of its failure.

Pacific is the developer carrying out renovation work on the unoccupied building on Jalan Gasing to turn it into a senior living facility.