Sime Darby Property celebrates Subang Jaya’s 40th anniversary
Sime Darby Property said Subang Jaya’s story began in 1976, when Sime UEP Properties Bhd started developing 583ha of land there.
LBS Bina expects sales cancellation rate of 30% this year
LBS Bina achieved total sales of RM1.029 billion last year, up 60% from 2014. This year, it is looking to launch RM1.95 billion worth of properties, a mix of high-rise and landed residential and commercial developments, mainly in its township, Bandar Saujana Putra, and the Klang Valley.
Ho Hup bags RM58 mil West Coast Expressway subcontract
Ho Hup said the job was awarded by Menuju Asas Sdn Bhd, the main contractor of the Malaysian Public Works Department.
PROPERTY SNAPSHOT 3: What are developments priced in Kelana Jaya?
Today, we continue our focus on Kelana Jaya by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by TheEdgeProperty.com, the average price of non-landed homes in the area has remained steady at RM431 psf in 1Q2015.
EcoWorld’s private placement to raise up to RM768.4m
Assuming the same placement price of RM1.30 for all tranches, EcoWorld is expected to raise up to RM768.4 million. Out of this, RM468 million (61% of gross proceeds) is targeted for the subscription of EcoWorld International Bhd’s (EWI) initial public offering (IPO). This is followed by RM297.7 million (or 39%) for future land acquisitions.
A mismatch between demand and supply
We may be an aging society, but the fact is Malaysia’s population is made up of mainly the young. According to the Statistics Department, the largest age group in 2015 was those between the ages of 20 and 49 years.
PROPERTY SNAPSHOT 2: What’s affordable in Kelana Jaya?
Home to Paradigm Mall and serviced by the Kelana Jaya LRT Line, Kelana Jaya is a highly popular neighbourhood. Based on TheEdgeProperty.com’s analysis of transactions, the average transacted price was RM431 psf in 1Q2015 while the average transacted price per unit was about RM516,000.
PROPERTY SNAPSHOT 1: Prices stabilise in Kelana Jaya
This week, the spotlight falls on the secondary market of non-landed residences in Kelana Jaya, Selangor. The areas covered include Aman Suria, Taman Mayang, Taman Mayang Jaya, Taman Bukit Emas, Taman Kelana Idaman, SS3, SS4, SS5, SS6 and SS7.
S P Setia buys fifth plot of Melbourne land for RM1.9b mixed development
The planned purchase came on the heels of another land deal that the group sealed for the purchase of a 850-sq-m site in Prahran, Melbourne, for A$10 million, just two weeks earlier.
