News by M

In the 12 months to 1Q2015, the majority (64.9%) of secondary strata transactions were within the RM401 – RM600 psf price range. Another 16.4% were for properties priced between RM201 – RM400 psf. Sales valued over RM1,000 psf accounted for only 3.3% of transactions.

Germany recorded the strongest occupier activity in Europe’s industrial property market with 6 million sq m of space leased out last year, underpinning a record year in Europe’s industrial property market, said international property consultancy Cushman & Wakefield.

This is not the first piece of land in the city that LGM is monetising.

With limited land in Mont’Kiara, development activity has spilled over to neighbouring areas of Dutamas and North Kiara. Here Dutamas has been defined to include the properties along Jalan Dutamas Raya, an established upmarket condominium enclave within Segambut’s boundaries.

Sunway Construction Group Bhd (SunCon)'s subsidiary has been awarded a RM1.21 billion project by Mass Rapid Transit Corp Sdn Bhd (MRT Corp) to build a viaduct guideway and other associated works for the MRT Sungai Buloh-Serdang-Putrajaya Line (SSP Line).

Fundamental data is revealing that the sector may be undergoing a structural change, which may change the traditional property cycle altogether.

Quarter-on-quarter, EcoWorld’s earnings were up by 5% albeit a 32% decline in revenue.

This week, the spotlight falls on the secondary market of non-landed residences within the growing suburb of Dutamas, neigbouring Mont’Kiara in Kuala Lumpur.

Real estate private equity and advisory firm Area Management Sdn Bhd is building Area Logistics here, the country’s first inner-city mega distribution hub with 1.5 million sq ft of warehouse space, said chairman Datuk Stewart LaBrooy.

Ahmad Zaki Resources Bhd has been awarded the first viaduct work package for the construction of the Mass Rapid Transit (MRT) Sungai Buloh-Serdang-Putrajaya (SSP) Line, worth RM1.44 billion.