News by Lum Ka Kay

MRT completion to boost offices in decentralised areas...

With lower volume and value of transactions recorded in the first half of 2016, the market outlook for high-end condominiums in Kuala Lumpur remains slow as buyers and investors continue to adopt a “wait-and-see” approach, said property consultancy firm Knight Frank Malaysia.

The Greenway comprises 492 units of 4-bedroom 2-storey link homes with built-ups from 1,595 sq ft to 1,648 sq ft, with prices starting from RM357,000, it said.

The contract is for the construction of a 9-storey hotel and its adjoining 16-storey serviced apartment wing, which is scheduled for completion in two years.

Eco World Development Group Bhd (EcoWorld) has unveiled Eco Sanctuary Care Hub, which is located in the 27-acre The Parque Residences of the Eco Sanctuary township, at the south of Kota Kemuning.

IJM Land Bhd, the property development arm of IJM Corp Bhd, will be launching the Waterside Residence condominium project in Penang, with an estimated gross development value (GDV) of RM240 million, this October.

The Malaysian Investment Development Authority (Mida) and Malaysian Green Technology Corp (GreenTech Malaysia) have teamed up to introduce investment tax allowance (ITA) for the purchase of green technology equipment or assets. They have also introduced income tax exemption (ITE) for green technology service providers.

Sunway Bhd’s real estate arm Sunway Property is setting up a regional office and sales gallery in the northern state of Malaysia, Penang, which is scheduled for completion in April 2017, the developer said in a statement yesterday.

IJM Land Bhd will be launching the second phase of Rimbun Vista (3A2) at S2 Heights, Seremban 2 later this September, said its managing director Edward Chong.

Ho Hon Sang has been appointed as CEO cum executive director of Mah Sing Group Bhd effective today, taking over Ng Chai Yong who has resigned to pursue other interests, the group said in a statement today.