In anticipation of a better year, the group is targeting to launch RM2.4 billion worth of properties in 2022, 71% more than the RM1.4 billion in new properties launched in 2021.

Maju Holdings Sdn Bhd-owned highway concessionaire MEX I said the proposed Islamic bonds comprise RM2.21 billion subordinated sukuk and RM1.13 billion senior sukuk programmes.

The group on Thursday (Jan 6) entered into an agreement with Granprop Sdn Bhd and Premier Land Resources Sdn Bhd for the acquisition of the 80-acre (3.48 sq ft) land.

“In 3Q2021, the volume of transactions of high-rise residential properties in Kuala Lumpur showed an upward trend, soaring 25.5% on the quarter albeit registering lower transacted value, likely supported by gradual easing of restrictions and reopening of sales galleries,” Sarkunan Subramaniam, managing director of Knight Frank Malaysia said.

According to a statement on Thursday (Jan 6), Le Méridien Penang Airport is part of the Penang Gateway development, located by the Penang International Airport, on the main Jalan Sultan Azlan Shah road. It will be part of a mixed-use development that will also comprise an independent residential tower, medical centre, commercial and retail space. Construction is due to commence by mid-2022 and is expected to be completed by end-2026.

In a note on Thursday (Jan 6), its analyst Loong Kok Wen who maintained "neutral" on the sector said that despite an encouraging pickup in demand for property in 2021, she believes the sector is still facing negative headwinds that may hinder the continued recovery in property sales as well as earnings growth.

This move makes Zerin Properties the first real estate agency in Malaysia to do so. In a statement, Zerin Properties founder, managing director and chief executive officer Previndran Singhe said that the main reason the agency went with HaloCheck.xyz is due to the opportunity to use technology as an avenue to comply with what the central bank requires and to fulfil its clients’ requirements.

In a press statement, SDB head of sales and marketing Khong Wei Chung said that the 46-storey single tower manifests the developer’s belief that quality life starts from home.

The counter is currently classified under the technology sector.

Noteworthy:

• Freehold

• Unfurnished 

• Built-up: 1,925 sq ft

• Land size: 1,925 sq ft

• One bathroom

• Amenities: Bangsar Village 2, Bangsar Shopping Centre with well-connectivity with SPRINT Highway, New Pantai Expressway and Federal Highway

When: Oct 2021