News by EDGEPROP.MY

A massive gas pipeline fire erupted yesterday (April 1) in Putra Heights, Subang Jaya, displacing hundreds of residents and causing widespread devastation.

Noteworthy:

• Freehold
• Built-up size: 3,000 sq ft
• Land size: 4,747 sq ft
• Semi-furnished
• 4 bedrooms, 3 bathrooms
• Nearby amenities: MRT Semantan, MRT Pusat Bandar Damansara, Pavilion Damansara Heights, DC Mall, The Five @ KPD, HELP University, KLGCC
• Accessibility: SPRINT - Damansara and Kerinchi Links, Jalan Tuanku Abdul Halim, Jalan Duta-Sungai Buloh Highway, LDP, Lebuhraya Sultan Iskandar, Jalan Damansara

When: November 2024

A recent transaction of a unit at Park Regent in Desa ParkCity, Kuala Lumpur at RM12.5 million (RM2,771.61 psf) was not only a very rare high-price transaction, but also broke the record within the project itself.

With the proposed Urban Renewal Act (URA) set to be tabled in June, an expert has said the building age threshold should be higher than 30 years.

Noteworthy:

• Freehold
• Land size: 348,480 sq ft
• Nearby amenities: various small businesses, F&B outlets, and residential areas, Hang Jebat Stadium, Lotus @ Melaka Cheng
• Accessibility: Lebuh AMJ, Lebuh SPA

When: December 2024

Diona Teh Li Shian, daughter of Public Bank Bhd founder, the late Tan Sri Teh Hong Piow, has purchased a Good Class Bungalow (GCB) in Singapore’s Tanglin Hill neighbourhood, for a record-breaking price of S$93.9 million (RM311 million) or S$6,197 psf, according to Bloomberg News.

Noteworthy:

• Freehold
• Built-up size: 1,028 sq ft
• Semi-furnished
• 1 bathroom
• Nearby amenities: Sunway 163, 1 Mont’Kiara, Garden International School, Mont’Kiara International School, Kuala Lumpur Golf & Country Club
• Accessibility:  SPRINT Penchala and Kerinchi Links, Jalan Duta-Sungai Buloh Highway, NKVE, North-South Expressway, Jalan Duta Kiara

When: December 2024

KL Wellness City has achieved 50% completion ahead of schedule. The key components of this development — The KL International Hospital (KLIH) and the Noble Health Care Park are set to be completed by 2Q2026.

Tropicana Corp Bhd conducted the delivery of vacant possession to the homeowners of SouthPlace Residences, Tropicana Metropark in Subang Jaya last month.

One of our favourite real estate outfits, PropNex Malaysia is showing off a number of landed homes for sale again via its latest open house this weekend (March 22 and 23).