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Astaka Holdings anticipates sales to spike in 2017

Despite the generally pessimistic outlook of Johor’s property market, Johor-based developer Astaka Holdings Ltd is confident things will look up next year as the market exits its “corrective phase” and embarks on another surge of activity prompted by the growth of Iskandar Malaysia’s core sectors.

LRT Kelana Jaya Line extension on track to start operations end-June

The construction of new LRT Kelana Jaya Line extension project (LEP) is currently progressing to the final stage, and the line is on track to begin operations at end-June this year, said infrastructure operator Prasarana Rail and Infrastructure Projects Sdn Bhd (Praise) CEO Datuk Zohari Sulaiman.

Regeneration zone shows greater property price growth

A study by international property consultancy CBRE has shown that properties within and around regeneration zones experience a substantial growth in prices that outpaces properties within other local authorities in London.

KLCCP Stapled Group: Office rental income remains resilient

KLCCP Stapled Group, which comprises units in KLCC real estate investment trust (REIT) stapled together with the shares of KLCC Property Holdings Bhd, expects a 1% to 2% revenue increase in the current financial year ending Dec 31, 2016 (FY16), as it adds 45,000 sq ft of office space to its office rental income.