News by Shawn Ng

Mah Sing Group Bhd will be delivering the vacant possession of Savanna Executive Suites in Southville City, Bangi, Selangor, commencing September this year.

The total value of global real estate assets under management surged by 20% year-on-year from US$2.19 trillion (RM9.37 trillion) to US$2.5 trillion as at end-2016 with fund managers of all sizes increasing the value of their assets, according to the Fund Manager Survey 2017 conducted by the Asian Association For Investors In Non-Listed Real Estate Vehicles, the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) and the National Council of Real Estate Investment Fiduciaries.

“As the Vietnam government is unable to proceed with the resettlement of the current occupiers, the land will not be handed over to Gamuda Land Vietnam for development,” read the statement.

BTHomestead Development Sdn Bhd celebrated the completion of its 28 Dutamas condominium project in Kuala Lumpur this weekend. Already 80% sold, the developer targets to achieve a 90% take-up rate in the next few months.

What else is there to say about the high-end, high-rise residential neighbourhood on the fringe of KL city centre?

Gamuda Land’s Gamuda City township development in Hanoi, Vietnam is expected to contribute higher sales to group revenue this year and the year after.

Gamuda Land is looking for land in the northern region of Ho Chi Minh City (HCMC) in Vietnam such as in Gò Vâp District and District 12, as well as District 9 in the southeast region, said Gamuda Land HCMC general director Wyeren Yap Vooi Soon.

Sold for: RM850,000 (RM1,797 psf); Concluded by: Chris Lee (REN 11554) of Prestige Realty Sdn Bhd (010-899 8303); When: March 2017

Gamuda Land, the property arm of Gamuda Bhd is planning to launch the first block of apartments in the Emerald Precinct at its township development Celadon City in Ho Chi Minh City by mid-June.

柔佛在去年共有9,393个住宅单位释出市场，数量是全国最高，但这些新推出的住宅单位当中，仅有29.8%售出。