News by M

BRDB Developments Sdn Bhd plans to launch RM2 billion worth of projects this year – namely in TamanSari in Rawang, Selangor, the Defense Raya Golf and Country Club (DRGCC) in Lahore, Pakistan, and Gateway Wollongong in New South Wales, Australia.

Overall, capital values in Bangsar have remained stable. The top performers were the older mid-end properties. The highest relative price growth can be found at Jamnah View, with the average price up 23% to reach RM898 psf in the 12 months to 1Q2015. The 1-bedroom units here have begun to surpass the RM1,000 psf threshold.

Eupe Corp Bhd’s Novum South Bangsar project saw 70% of its 729 units booked since the project was launched on March 12, said sales and marketing manager Eric Choong.

The condominiums offered in Bangsar consist primarily of large, exclusive, family-style units.

Developer Kwasa Land Sdn Bhd, a unit of the Employees Provident Fund (EPF), has awarded a two-year RM268.9 million contract for common infrastructure works at its Kwasa Damansara township to construction and civil engineering works specialist, TSR Capital Bhd.

Sarawak Chief Minister Tan Sri Adenan Satem today announced that the state government had abolished payment of certain land quit rents.

Mah Sing Group Bhd, the country’s second-largest property developer by sales value, said it will discuss with Great Doctrine (M) Sdn Bhd to renegotiate the terms of the sale and purchase agreement (SPA) for the proposed acquisition of a 85.43-acre (34.57ha) piece of land in Sultan Salahuddin Abdul Aziz Shah (SSAAS) golf course in Shah Alam, Selangor, for RM327.48 million or RM88 per sq ft.

Commonly referred to as the Beverly Hills of Kuala Lumpur, Bangsar is an elite enclave, dominated by landed housing and exclusive, low-density, boutique condominiums.

I-Bhd unveiled its high-end 8 Kia Peng residences – its first project outside its flagship 72-acre i-City “ultrapolis” development in Shah Alam – in the city centre, which has a gross development value (GDV) of RM1 billion.

Ikano Pte Ltd – which owns the IKEA franchise in Malaysia – will open its first store in Batu Kawan on Penang’s mainland in 3Q2018.