News by EdgeProp

Buildings that are not upgraded to meet sustainability requirements are at risk of losing tenants, which is a major concern for building owners.

International players continue to enter the Malaysian industrial market, driven by the global supply chain diversification strategy known as China Plus One, according to JLL Malaysia’s 2Q2024 Greater Kuala Lumpur Property Market Monitor, which was launched on Wednesday.

EdgeProp congratulated Chia Kah Fei, who had won the first round of the RM10,000 Cash Bonanza for EdgeProp START members. This came as a timely win for Chia, 33, who recently purchased his first home with his long-term girlfriend, Grace Seow.

The suggested requirement, whereby a full block or two need to be made into Madani housing instead of a set percentage, will naturally cause a further increase in the free market prices for those who are not eligible for affordable housing, stated the Real Estate and Housing Developers' Association Malaysia (REHDA).

Noteworthy:

• Freehold
• Built-up size: 7,797 sq ft
• Land size: 7,136 sq ft
• 7 bedrooms, 7 bathrooms
• Semi-furnished
• Nearby amenities: LRT Dato’ Keramat, LRT Damai, LRT Jelatek, MRT Ampang Park, Universiti Teknologi Malaysia, UniKL Business School, Jelatek Public City Park, Petronas Twin Towers KLCC, Suria KLCC, Pavilion KL, Bukit Bintang City Centre, The Exchange TRX, Royal Selangor Golf Club, Gleneagles Hospital KL, Prince Court Medical Centre
• Accessibility: AKLEH, MRR2, Jalan Tun Razak, Jalan Ampang, Jalan Jelatek

June 2024

S P Setia Bhd has launched the Ferrous 3 double-storey terrace homes at Setia AlamImpian on Aug 3.

Noteworthy:

• Leasehold
• Built-up size: 7,700 sq ft
• 4 rooms, 6 bathrooms
• Semi-furnished
• Nearby amenities: KTM Pantai Dalam (upcoming interchange station for MRT3), KTM Jalan Templer, KTM Kampung Dato Harun, LRT KL Gateway-Universiti, Assunta Hospital, Universiti Malaya Medical Centre, Universiti Malaya, schools, F&B outlets, commercial and industrial hubs
• Accessibility: Federal Highway, LDP (via Federal Highway), NPE, SPRINT-Kerinchi Link, Jalan Profesor Diraja Ungku Aziz, Jalan Gasing, Jalan Templer

When: February 2024

"The high demand reflects the relevance of our unique development concept, practical layouts, design features, lifestyle facilities, attractive price points, and Bangsar’s strategic location.”

S P Setia Bhd has completed its land disposal to Elite Park Development Sdn Bhd, Grand Prestige Development Sdn Bhd, and Mestika Bistari Sdn Bhd, all subsidiaries wholly owned by Mah Sing Group Bhd. Announced mid-last year, the transaction involving approximately 500 acres of freehold land in Glengowrie, Semenyih, was settled for RM392 million in cash

ERA Realtor recently held its annual dinner and gala night where it paid tribute to all who contributed to the agency’s success.