Greater Kuala Lumpur’s residential market experienced an upward trend in 2Q2024, recording higher average transacted prices than the pre-pandemic year in 2019.

Sentral Real Estate Investment Trust (KL:SENTRAL), or Sentral REIT, posted a 30% increase in its net property income for the first six months (1HFY2024) to RM76.06 million, from RM58.49 million a year ago, underpinned by stronger contribution from its newly added property Menara CelcomDigi, as well as existing key properties, namely Building 4 and Platinum Sentral.

In a decision that is expected to affect the land industry in the city and the government, the High Court on Tuesday has allowed the application by the liquidator of Semantan Estate (1952) Sdn Bhd for the 263.27-acre land in Mukim Batu — known as the “Duta enclave” that currently houses various government complexes and facilities — to be transferred back to the company.

Chin Hin Group Bhd (KL:CHINHIN) is acquiring a 65% stake each in two companies — an engineering and construction firm and a facilities and project management outfit — for RM51.51 million in a cash and share deal.

S P Setia Bhd has launched the Ferrous 3 double-storey terrace homes at Setia AlamImpian on Aug 3.

The Ministry of Housing and Local Government (KPKT) launched on Tuesday the Circular Economy Blueprint for Solid Waste in Malaysia (2025-2035), which includes establishing legislation related to the Extended Producer Responsibility (EPR) scheme and a zero-waste-to-landfill certification for manufacturers.

I-Bhd (KL:IBHD) on Tuesday broke ground for SkyCity in I-City, Shah Alam. It is a 60-metre tower featuring a 600-metre glass slide that is poised to be a new tourist attraction.  

Selangor’s newly-opened integrated circuit (IC) design park in Puchong is offering fresh engineering graduates salaries matching those in its neighbours Singapore and Vietnam, according to the Selangor Information Technology and Digital Economy Corp (Sidec) chief executive officer Yong Kai Ping.

Property stocks, which rallied over past few months, were among the hardest hit counters on Bursa Malaysia in the recent global equity rout as investors rushed to take profits as market sentiment was shaken by external headwinds.

Noteworthy:

• Leasehold
• Built-up size: 7,700 sq ft
• 4 rooms, 6 bathrooms
• Semi-furnished
• Nearby amenities: KTM Pantai Dalam (upcoming interchange station for MRT3), KTM Jalan Templer, KTM Kampung Dato Harun, LRT KL Gateway-Universiti, Assunta Hospital, Universiti Malaya Medical Centre, Universiti Malaya, schools, F&B outlets, commercial and industrial hubs
• Accessibility: Federal Highway, LDP (via Federal Highway), NPE, SPRINT-Kerinchi Link, Jalan Profesor Diraja Ungku Aziz, Jalan Gasing, Jalan Templer

When: February 2024