Damansara Heights — the rising start-up hotspot: Knight Frank
KUALA LUMPUR: The next start-up hotspot will be Damansara Heights due to its improved infrastructure and connectivity, said Knight Frank Malaysia managing director Sarkunan Subramaniam.
EUPE anticipates better FY17 with Novum’s contribution
KUALA LUMPUR (Aug 22): After a rather dismal year in which earnings plummeted 75% on reduced profit margin as revenue slid 23% on lower construction contribution, Kedah-based property player EUPE Corp Bhd expects its financial year ending Feb 28, 2017 (FY17) to chart better numbers in both revenue and profit.
Office markets in KL and Selangor expected to remain subdued
PETALING JAYA (Aug 10): The KL fringe and Selangor office markets are expected to remain subdued while KL city is expected to face downward pressure underpinned by persistent low oil prices, said property consultancy firm Knight Frank Malaysia in its “Real Estate Insights research report for 1H2016”.
IJM Land targets eight launches worth RM1 bil in 2H2016
KUALA LUMPUR (July 21): IJM Land Bhd plans to launch seven to eight projects with a cumulative gross development value (GDV) of almost RM1 billion in the second half of this year (2H2016), said managing director Edward Chong.
UOA inks MoU with China hospitality company
PETALING JAYA (June 1): UOA Hospitality Sdn Bhd (UOA Hospitality), a unit of UOA Development Bhd, has inked a memorandum of understanding (MoU) with Hubei Chutian Media & Hotel Investment Management Co Ltd (Hubei Chutian) for a long-term partnership that involves resource sharing, complementary advantages and exploration of new markets, UOA Hospitality announced in a media statement today.
PROPERTY SNAPSHOT 3: What are developments priced in Kerinchi/Pantai?
• Today, we continue our focus on Kerinchi/Pantai by looking at average prices on a per square foot (psf) basis.
PROPERTY SNAPSHOT 1: Kerinchi/Pantai average price at RM518 psf in 1Q2015
• This week, the spotlight falls on the secondary market of non-landed residences in Kuala Lumpur’s Bangsar South, Pantai and Kerinchi areas.
MIEA targets 22,000 registered real estate negotiators this year
PETALING JAYA (March 11): The Malaysian Institute of Real Estate Agents (MIEA) is targeting for 22,000 registered real estate negotiators (RENs) to be under the institute by this year-end, said MIEA deputy president Eric Lim.
DONE DEAL: Office unit in The Vertical, Bangsar South, KL
Rented for: RM4,695 per month or RM5 psf (including 6% GST) Concluded by: Jaimie Lee of Property Hub Sdn Bhd (012-281 9182) When: December 2015 Noteworthy: * Built-up: 939 sq ft * The only unit with this built-up on the entire floor * High floor, facing east overlooking the Pantai area * Partly furnished with air-conditioning units, flooring and pantry * MSC-status-certified office building The Vertical comprises two office buildings and the above mentioned unit is located in The Vertical II Office Suites, also known as Tower B.
