KUALA LUMPUR: Kumpulan Europlus Bhd, a company on Bursa Malaysia’s construction index, recorded a net loss of RM16.44 million for its 3Q ended Oct 31, 2009 (3QFY2010), from net profits of RM1.65 million a year earlier despite higher revenue.
KUALA LUMPUR: Concrete Engineering Products Bhd, a manufacturer and distributor of pre-stressed spun concrete piles and poles, acquired a 347,666 sq ft land in Batang Kali, Selangor, for RM6.5 million.
PETALING JAYA: Four key property sectors in Hong Kong – office, residential, industrial and retail property markets – have entered a recovery stage since 4Q2009, leading by this year’s sales market, managing director of Colliers International Hong Kong Richard Kirke said.
PETALING JAYA: Hong Kong’s luxury residential sector led the property recovery cycle in the first 11 months this year, with the price growth of 40%, executive director of residential sales of Colliers International Hong Kong Ricky Poon said.
* Lacklustre market with some interest in mid-caps
The KLSE Property Index ended the week flat with marginal loss of 0.1%.
For some, Seri Kembangan in Selangor seems like a sleepy backwater — an under-developed area dotted with buildings that are inferior both in type and design to those in better-known addresses in Kuala Lumpur.To the more discerning, however, Seri Kembangan is emerging as an exciting real estate play.
The popularity of the mainly expatriate enclave of Mont’Kiara in Kuala Lumpur has led to a proliferation of new and exciting residential and commercial developments in the area.
A few years ago, developers with prime land in the vicinity of Kuala Lumpur City Centre (KLCC) were aggressively launching high-end condominiums, with views of the Petronas Twin Towers as their major selling point. It was reported that some units were going for more than RM1,800 psf.
Sceptics of Malaysia’s Petronas Twin Towers will remain, well, sceptics.
The property development landscape in Seri Kembangan is becoming more interesting withmore players getting into the act. Among them are Equine Capital Bhd and LBS Bina Bhd, both of which have presence in the southwestern side of Seri Kembangan.