News by M

Seremban (MPS) and Nilai Municipal Councils (MPN) are in principal ready to become a city but merging the two authorities will need further study, according to president for both councils Datuk Abd Halim Abd Latif.

According to an announcement with Bursa Malaysia yesterday, Selangor Properties said it has completed the disposal of a parcel of freehold land, measuring 25,686 sq m, in lot 56495, Kuala Lumpur.

From analysis of transactions by theedgeproperty.com, most of the projects surveyed in Cheras South charted strong annual gains in average price per square foot (psf) in the 12 months to September 2014, albeit from a low base.

Negeri Sembilan State Town and Country Planning Department’s (TCPD) director Hasnan Iberahim said it was a chance for the public and stakeholders to voice their views or objections on the contents of the report.

In a statement yesterday, Takaso said it had inked a conditional share sale agreement with A.W. Impian Land Sdn Bhd (AWIL) for the deal. The price is equivalent to about 50% of the market value of the lands.

E&O deputy managing director Eric Chan said yesterday the company is looking to attract buyers from Southeast Asia and East Asia for its products.

Despite its transformation, the majority of non-landed residences in Cheras South still consists primarily of low-cost apartments and flats. In the 12 months to 3Q2014, about half (49.5%) of transactions were under RM200 psf range and another 48.7% in the RM201 – RM400 psf range.

The group’s operating companies in Johor include PTP, Johor Port, Senai Airport City, Senai Airport Terminal Services and Seaport Worldwide.

Earlier this month, Prasarana named MRCB-George Kent Joint Venture as the project delivery partner (PDP) for the LRT3 project from Bandar Utama to Klang. The company was selected from the seven in a closed tender.