KUALA LUMPUR (May 24): Ho Hup Construction Company Bhd, which saw its earnings slip 5% in the first quarter ended March 31, 2016 (1QFY16), has trimmed its profit after tax (PAT) growth target to between 15% and 20% for FY16, in view of the continued slowdown in the property market.
SITUATED 15km south of Kuala Lumpur, Bandar Baru Seri Petaling, also known as Sri Petaling, was a rubber estate before it was developed and launched in 1977 by Petaling Garden Sdn Bhd, now a wholly-owned subsidiary of I&P Group.
KUALA LUMPUR (March 9): Total Sports Asia (TSA), a pioneer in the sports marketing industry in Asia, has been appointed by Malaysia Stadium Corporation (PSM) to strategise and oversee the commercialisation of Kuala Lumpur Sports City (KL Sports City), which will include the redevelopment of Bukit Jalil National Sports Complex.
KUALA LUMPUR (March 1): Malton Bhd plans to launch the third and final phase of its freehold serviced apartments at Bukit Jalil City development here in September, said a spokesperson for the developer.
A new player in the property market, YGS Property Development Sdn Bhd is starting its journey with a 278-unit serviced apartment development in Bandar Puchong Jaya — one of the popular areas for first-time homebuyers.
THE Klang Valley residential market saw price growth in 3Q2015, albeit at a slower pace, as homebuyers remained cautious about the current economic and political situation.
Sold for: RM620,000 or RM578psf Concluded by: K Y Kwek and Zen Ong of Hartamas Real Estate (OUG) (019-659 2782 & 019-590 0972) When: November 2015 Noteworthy: *Leasehold *1,073 sq ft * facing south with green Bukit Jalil view * 3-bedroom and 2-bathroom * air-conditioning units in living room and bedrooms * kitchen cabinets * two side-by-side parking bays Kiara Residence 2, or also known as Residensi Kiara Jalil 2, is located on Jalan Jalil Perwira 1, Bukit Jalil.
THE auction market continues to see fewer properties go under the hammer in the second half of 2015, indicating that owners still have strong holding power, according to auctioneers polled by City & Country.
Sold for: RM670,000 or RM541 psf Concluded by: K Y Kwek of Hartamas Real Estate (OUG) (019-659 2782) When: September, 2015 Noteworthy * Freehold * Built-up area: 1,238 sq ft * 3 bedrooms and 2 bathrooms * North facing * Infinity swimming pool * Two-tier 24-hour security * Sky lounge * Sauna * Playground * Floating garden The Z Residence is located at Jalan Jalil Perwira 2, Bukit Jalil.
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