Buyer for land near palace?
All eyes on the price tag MoF could fetch amid property market slowdown.
All eyes on the price tag MoF could fetch amid property market slowdown.
Tan Sri Vincent Tan Chee Yioun’s Berjaya Assets Bhd is looking at a potential sale of a freehold land in Imbi for some RM130 million. Measuring 41,990 sq ft, the land, located next to the integrated Berjaya Times Square commercial development, was acquired 22 years ago.
No one was reported to be injured in the 2.30pm incident, although witnesses were shocked by the commotion caused by the falling glass panels.
The two projects are Gravitas, a mixed-use development with a GDV of RM1.1 billion; and Crescent Dew, a luxury residential development with a resort concept that has a GDV of RM700 million.
The four-storey commercial building with a basement, which is located near the Central Market, was sold via an open tender by its owner the OCBC Group, with the tender closing on May 27 last year.
TCS Arcadia is a 30-storey serviced apartment project coming up on a 3.3-acre leasehold tract of land in Bandar Saujana Putra.
There appears to be some misunderstanding between the Sarawak government and Putrajaya over the funding for the 1,089km Sarawak portion of the Pan Borneo Highway project. While Sarawak expects the RM16 billion to build the highway to come from an allocation over and above the normal infrastructure expenditure, Putrajaya, it seems, has been under the impression that the cost of building the highway would come from the regular allocation.
Rented for: RM4,500 (RM6.04 psf), Concluded by: Chong Teck Seng (REN 05043) of MIP Properties (012-873 1283), When: May 2016
OCBC Investment Research is keeping its “neutral” rating on Singapore’s residential property sector amid “one of the longest property bears in recent history”.
Bertam Alliance Bhd is selling two parcels of freehold land at Batu 9, Cheras, with a collective land size of 47,930 sq m (11.8 acres) to a unit of Guocoland (Malaysia) Bhd, for RM128 million.