News by M

Combining the old with the familiar and coming up with something unexpected is how Singapore-based designer Jarrod Lim describes his creative process.

Buoyed by the upcoming MRT and LRT lines, capital values had appreciated moderately across most properties in the 12 months to 1Q2015.

Property group CapitaLand announced that it is setting up a venture fund, C31 Ventures, to tap global tech start-ups in its ongoing effort to “innovate and build real estate of the future”.

Sapura Resources Bhd will channel proceeds from the sale of its education assets towards its RM1.5 billion property project near the Kuala Lumpur City Centre.

Datuk Zarul Ahmad Mohd Zulkifli, chairman of Consortium Zenith BUCG Sdn Bhd (CZBUCG), which conducted the study, said it was up to the state to decide whether to construct the undersea tunnel given that the feasibility study was incomplete.

In the 12 months to 1Q2015, about 62.7% of the secondary non-landed residential transactions fell within the RM401–RM600 psf range. Another 24.2% fell within the RM601–RM800 psf range.

The amount due includes the 83% feasibility studies done on the 7.2km undersea tunnel connecting Butterworth on the mainland and Gurney Drive on the island, which has been stopped following instructions given by the Penang government about a month ago, said its chairman Datuk Zarul Ahmad Mohd Zulkifli.

In a filing with Bursa Malaysia yesterday, Sunway said the notice states that a development agreement between Sunway City and the state government signed on Sept 11, 1997 had lapsed.

Properties in Tropicana and Sunway Damansara fall primarily in the upper-middle segment. 

Chairman Datuk Mohd Shafei Abdullah said there is good demand for hotels in Kota Bharu and Johor Bahru owing to the rapid development in both cities.