An 80% take-up rate for Sunway Geo Residences 2
PETALING JAYA: Sunway Bhd’s development Sunway Geo Residences 2 recorded an 80% take-up rate during its soft launch at Menara Sunway on July 19 and 20.
Latest
Singapore firm ‘eyes Leighton property portfolio’
MELBOURNE: Singapore’s City Developments and Australia’s Stockland Group are considering bidding for Leighton Holdings’ US$7 billion (RM22.3 billion) residential and commercial property portfolio, according to a report in the Australian Financial Review on Tuesday.
GuocoLand soars to six-year high
KUALA LUMPUR: The hardly traded GuocoLand (M) Bhd has attracted buying interest of late following its recent acquisition of a property company to expand its land bank and a slew of development plans.
#CBRE Property Report* Malaysia’s economic growth likely to edge upwards in 2014
THE Malaysian economy beat forecasts with its gross domestic product (GDP) growing at 6.2% in the first quarter of 2014 (1Q14), thanks to sustained domestic demand and recovering net exports.
Hangzhou city eases home purchase restrictions
HONG KONG: Hangzhou, one of the cities in China most deeply affected by an oversupply of housing and weakening property prices, has announced fresh moves to ease home purchase restrictions, following similar steps taken by other city governments.
Crossrail locations to outperform London
KUALA LUMPUR: Properties near Crossrail are expected to outperform those in London by about 4% according to Nicholas Holt, Knight Frank’s Asia-Pacific head of research, during a talk on the next hotspots in London on Wednesday.
Frontier Industrial Park Phase 2 shows brisk sales
JOHOR BARU: Phase 2 of Frontier Industrial Park by WB Land Sdn Bhd saw its Type A and Type B factory units fully sold as of their official launch on July 19. The development was launched by Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin.
g Residence’s non-bumiputera units selling well
JOHOR BARU: The g Residence serviced apartments in Johor Baru by GSB Properties Sdn Bhd has achieved an overall 31.5% take-up rate with 51% of its non-bumiputera units taken up since their launch on July 11.
As of July 22, 32 out of its 143 non-Malay reserve units in Tower A and 124 out of its 143 non-Malay reserve units in Tower B have been sold.
Sunway and Daiwa to build prefabricated houses together
KUALA LUMPUR: Sunway Group and Japanese developer Daiwa House Industry Co Ltd will collaborate to build prefabricated houses in the future. This was revealed at the signing of a memorandum of understanding (MoU) on Tuesday to study the benefits and feasibility of building prefabricated houses in Malaysia. No date has been set as to when the product will come into market.
