Penang’s affordable homes to steal limelight, APDL delay causes concern
The secondary market continued to see activity in 4Q2015 even as transactions remained flat in the primary market.
The secondary market continued to see activity in 4Q2015 even as transactions remained flat in the primary market.
This week, the spotlight falls on the secondary market of non-landed residences in Sentul, Kuala Lumpur. Areas covered are anchored by Jalan Sentul and include Taman Pelangi, Bandar Baru Sentul at the north and YTL Land & Development Bhd’s Sentul East redevelopment at the south.
Johor Bahru, capital of the country’s southernmost state, has gone through a tremendous transformation and revitalisation over the past few years.
Rundown factories and warehouses, small and large, have long been a common sight in Malaysia. And that is something Datuk Stewart LaBrooy and Rajesh Kumar Tharmalingam, chairman and CEO of Area Management Sdn Bhd respectively, are looking to change as the world moves into a new industrial era driven by e-commerce and the logistics markets.
Single-storey terraced houses in Bangsar’s Lucky Garden still command high values despite their age.
We understand that the acquisition of Menara Shell is still in progress, and injection into MRCB-Quill REIT (MQREIT) could take place in early 2017.
Perak, which was once considered the jewel in the British colonial government’s crown, is slowly working to gain a competitive advantage with numerous industrial developments and by becoming a tourism hot spot the likes of Penang and Melaka.
The story started in 2004 when Tan King Hong, Loh Kok Theng and See Cherng Jye were brought in to establish Yuwang Development Sdn Bhd, the property arm of Yuwang Group.
Overall, capital values have grown slightly. Sutramas recorded a 23.1% y-o-y growth in average price to reach RM587 psf in the 12 months to 1Q2015. However, the average price had been skewed upwards by an unusually high sale at RM1,370 psf in October 2014.
Eco World Development Group Bhd’s (EcoWorld) 40%-owned BBCC Development Sdn Bhd ([BBCCD] and remaining stake of 40:20 held by UDA Holdings Bhd:Employees Provident Fund have entered into heads of terms agreements and memoranda of understanding (MoU) with Mitsui Fudosan (Asia) (MFA) and Zepp Hall Network for the development and leasing of a retail mall and a live concert hall respectively at its Bukit Bintang City Centre (BBCC) project.