News about ER

PETALING JAYA (Oct 6): There is a risk of a housing bubble if two key issues are unattended – namely the property glut in the higher-end segment and rising home prices, said Minister of Finance II Datuk Seri Johari Abdul Ghani.

KUALA LUMPUR (Oct 6): The Manhattan penthouse at the centre of the 1Malaysia Development Bhd (1MDB)-related United States Department of Justice (DoJ) investigations is up for sale at US$45 million, according to the Wall Street Journal (WSJ).

JURU (Oct 6): Tangkas Infinity, a boutique industrial development by Tangkas Properties Sdn Bhd, is slated to be handed over sometime this month.

KUALA LUMPUR (Oct 6): Gabungan AQRS Bhd and WCT Holdings Bhd rose this morning on winning contracts related to the LRT3 proejct.

MELBOURNE (Oct 6): Employees Provident Fund Malaysia (EPF) is looking at investing in more logistics assets to generate long-term stable yield to the company, said its CEO Datuk Shahril Ridza Ridzuan.

Sold for: RM555,000 (RM594 psf) Concluded by: Wong Hor Yan (REN 18777) of 1TPE Realty Sdn Bhd (016-324 8307) When: June 2017 Noteworthy: ● Freehold ● Built-up area: 935 sq ft ● 3-bedroom and 2-bathroom unit ● Low floor unit ● One car park ● Partly furnished and minor renovated ● Facilities:  children’s playground, wading pool, gymnasium, leisure pool, main lap pool, multi-purpose hall, open terrace and sauna Located at Jalan Desa Bakti at Taman Desa, Desa Green serviced apartments is a high-rise development by UOA Group.

PETALING JAYA (Oct 5): In order to predict what homes will be most popular in the future, you need to look into what kinds of homes that future occupants and buyers would want.

PETALING JAYA (Oct 5): Forest City in Johor will not suffer from low occupancy in the long term, owing to the incoming high-speed rail and the job opportunities being created within the region, said Country Garden Pacificview Sdn Bhd president and chief strategy officer Dr Yu Runze.

MELBOURNE (Oct 5): Melbourne Square, a joint-venture development between OSK Property Holdings Bhd and the Employees Provident Fund (EPF) Malaysia, will begin its groundwork in November this year and the first phase is slated to complete by end-2020.

KUALA LUMPUR (Oct 5): The RM55 billion price tag for the construction of the East Coast Railway Link is not as hefty or inflated as some may argue, said Malaysia Rail Link Sdn Bhd (MRL) Infra Director Nor Rizan Mohd Akhir.