Rise for 3 consecutive weeks

KUALA LUMPUR: Further signs of a recovery in the Malaysian real estate market are being seen as the country’s economic recovery takes shape and the stock market soared to fresh highs against the backdrop of a stronger ringgit.

THE BUZZ
The government has compulsorily acquired 0.328 acres of land from Hektar REIT for the proposed extension of the Kelana Jaya Light Rail Transit (LRT) Phase 2 project located in
Subang Jaya for a compensation amount of RM4.16m (or RM290.85psf). However, AmTrustee, the Trustee for Hektar REIT has filed an appeal on the compensation amount.

KUALA LUMPUR: Talam Corp Bhd is settling the RM241.36 million owing to Menteri Besar Selangor (Inc) by disposal of properties and cash payment and it will result in the company recording losses of up to RM21.16 million.It said on Monday, March 15 the cash payment was RM12.67 million while unencumbered properties were valued at RM44.72 million and encumbered properties at RM183.97 million.The se

KUALA LUMPUR: Talam Corp Bhd is settling the RM241.36 million owing to Menteri Besar Selangor (Inc) by disposal of PROPERTIES and cash payment and it will result in the company recording losses of up to RM21.16 million.

HONG KONG: JP Morgan Asset Management has invested almost a quarter of its $860 million Asian infrastructure fund in China and India assets, as part of efforts to complete investments in the next two years.

LONDON: The annual growth in asking prices for residential property in England and Wales slowed in March for the first time in a year after a glut of houses came on to the market, property website Rightmove said on Monday (March 15).

Year-on-year price growth slowed to 5.3% from February's 6.1% -- the first fall in the annual rate since it reached its nadir of -9.1% in February 2009.

The temperature in Ho Chi Minh City (HCMC) is rising as the dry season nears.

Visitors to the gated and guarded Seri Pilmoor development in Ara Damansara, Petaling Jaya, are greeted by an unusual looking guardhouse. Not only does it sit on elevated land, but its walls are almost completely camouflaged with creepers. The boom barriers are also located further away from the small structure, making it a far less imposing sight.

Taking advantage of the recession and snapping up a Fifth Avenue apartment is the goal of many high net worth individuals. So why is Fifth Avenue so coveted? According to The New York Times, Fifth Avenue combines the best of city, country (Central Park) and culture. It says it feels like Paris at night because of how quiet it becomes.