Property industry to gain from MRT2 line
MRT2 will no longer pass through Pandan and Cheras but through Chan Sow Lin and the proposed Bandar Malaysia project in Sungai Besi
Public feedback sought on MRT Sungai Buloh-Serdang-Putrajaya line
MRT Corp is required to provide plans, sections and a book of reference related to the SSP Line with the Suruhanjaya Penagangkutan Awam Darat (SPAD)
Who decided to sell Bumi land to 1MDB, asks PAS
PAS central committee member Dr Dzulkefly Ahmad also asked what was the original price of the land in the Kuala Lumpur city centre, which was previously owned by Pelaburan Hartanah Bhd
PROPERTY SNAPSHOT What’s hot in Brickfields?
Overall, rental rates in Brickfields generally range from between RM2.00 psf to RM3.90 psf
Indonesia’s Mulia Group buys RM665 million TRX land
Only other confirmed deal in TRX now is a 1MDB RE joint venture with global developers Lend Lease for a RM8 billion Lifestyle Quarter
PROPERTY SNAPSHOT What are developments priced in Brickfields?
There is a large premium for developments located within KL Sentral, with a premium of at least 40%-50%
Boustead and Ikano unveil MyTown mall in Cheras
MyTown will offer 460 retail outlets across five levels (including one underground level), with a net lettable area of 1.1 million sq ft
Melbourne's The Fawkner to go residential
Landmark building, which currently houses office tenants, will undergo re-development works in a project dubbed “The Fawkner”
Sunway proposes RM1.8 bil mixed development in Kelana Jaya
Proposed mixed development consists of serviced apartments and retail shops, with first launch expected in end-2016
Tabung Haji may suffer loss despite RM5 million ‘profit’ in TRX land sale
Rafizi Ramli: Real Property Gains Tax's revised rates means that Tabung Haji will need to pay taxes of up to 30% for the sale, not including a stamp duty fee
