PROPERTY SNAPSHOT 2: What’s affordable in Cheras?
The most expensive project was Vistaria Residensi with an average transacted price of about RM699,000 per unit.
Sunsuria confirms deal to jointly develop Putrajaya land
Confirming a report today in The Edge weekly, the property developer said its 99.99%-owned indirect subsidiary, Sunsuria City Sdn Bhd (SCSB), and 99.99%-owned direct subsidiary, Sunsuria Gateway Sdn Bhd (SGSB), have signed an agreement with one of Ever Rich's real estate investment arm, Welcome Global Co Ltd.
Malaysia’s 2015 property market records decline in transaction value, volume
In 2015, new launches (in unit) dropped 19% as developers delayed their launches after a fall in take-up rate from 45% to 41%. Despite the rise in number and value of unsold units (which increased 16% and 56% respectively), it still remains manageable as the total of unsold units only represents about 1.6% of existing housing stock.
PROPERTY SNAPSHOT 1: Cheras in for exciting times
Cheras is seeing some exciting new developments such as MyTOWN Shopping Centre by Boustead Holdings Bhd and Ikano Pte Ltd as well as Sunway Velocity by Sunway Bhd.
The property sector’s wish list for new BNM governor
A new man is in charge. Datuk Muhammad Ibrahim took the reins from Tan Sri Zeti Akhtar Aziz as Bank Negara Malaysia (BNM) governor on May 1.
Gabungan AQRS buys 49% stake in PR1MA contractor
In a filing with Bursa Malaysia yesterday, Gabungan AQRS said its subsidiary Gabungan Strategik Sdn Bhd had signed a joint-venture (JV) agreement with Monolight IBS Building System Sdn Bhd to construct, develop and complete the development of PR1MA homes with all the necessary amenities, utilities, facilities and infrastructure.
MWE intends to sell 9 parcels of land, golf club stake to trim debts
MWE said it had entered into two separate sale purchase agreements. The first was by its indirect wholly-owned unit Melati Mewah Sdn Bhd that will sell the 48.2ha lands in Mukim Raja, Petaling Jaya, Selangor, to Pristine Primawera Sdn Bhd.
Lembaga Tabung Haji plans to sell London office property
The property is expected to sell for about £200 million (RM1.16 billion).
Genting clears hurdle for US$4 billion Resorts World Las Vegas
Las Vegas Review-Journal reported that Genting officials told regulators subtle refinements had been made to the Chinese-themed resort, which Genting said would include a 150,000 sq ft casino and open in 2019.
