The economy is your friend, says Chong Teck Seng, because “people will still buy”

Demand from homebuyers and investors has raised property values in Subang Jaya significantly in recent years due to its abundant amenities, from schools to colleges, and hospitals to malls. Investors can look forward to more growth once the Kelana Jaya LRT extension line is completed.

Axis Real Estate Investment Trust (Axis REIT) revealed at its first half of 2015 briefing that lease renewals were going smoothly: For the 12.9% of net leasable area expiring in 2015, about 55% has been renewed at a positive average reversion rate of 7.8%.

We gather that UEMS plans to convert the building into ultra-luxurious residential, potentially with a mix of ground-floor retail and serviced apartment components. Rationale for the purchase is to ensure a steady flow of overseas projects. The property is in a different location from the two core CBD sites currently owned by UEMS.

To recap, Khor Teng Tong Holdings Sdn Bhd had in March expressed its intention to take Hunza private — through a selective capital repayment (SCR) — for RM2.50 per share. The privatization offer is led by its founder Datuk Seri Khor Teng Tong, who together with members acting in concert, holds a combined 59% stake in Hunza

DO pay the agents their full fees of 3%. Agents work very hard, and they would go the extra mile if you give them the respect and fees they deserve.

Nilai Impian township project sits on 1,808 acres of land, with a total gross development value of RM4.5 billion

UEMS subsequently intends to convert the building into an “ultra luxurious” residential development

The report also noted that there will be more demand for smaller units than larger ones due to budget constraints, but it will be moderated with a larger supply of small units in the pipeline

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