News about ER

  Here are the price growth trends and indicative asking rental yields for non-landed residences in Kepong, Kuala Lumpur.

KUALA LUMPUR (Jan 6): As 1Malaysia Development Bhd (1MDB) received flak over its statement that the sum it quoted under the Bandar Malaysia deal is subject to revision, the state investment fund further clarified today aspects of the deal with the consortium of Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC).

ABOUT three weeks ago, UEM Edgenta Bhd (formerly Faber Group Bhd) forked out RM128 million in cash and shares for an 80% stake in privately held KFM Holdings Sdn Bhd, a company largely known for being a facility management outfit.

  We continue our Kepong focus by looking at average prices on a per square foot (psf) basis.

KUALA LUMPUR (Jan 5): The Singaporean Transport Ministry asserted today that both the Singaporean and Malaysian governments are still discussing the commercial and operating models of the proposed high-speed rail (HSR) project that will link Malaysia and Singapore.

GEORGETOWN (Jan 5): Penang-based Aspen Group has set a sales target of RM1 billion this year after recording sales of RM900 million last year.

PUTRAJAYA (Jan 5): IOI Properties Group Bhd expects the financial year ending June 30, 2016 (FY16) to be a challenging but surmountable financial year for the company, due to the soft property market.

KUALA LUMPUR: China Railway Group Ltd’s filings with the Hong Kong Stock Exchange has created some confusion over the exact value of 1Malaysia Development Bhd’s (1MDB) sale of a 60% stake in Bandar Malaysia Sdn Bhd, to a 60:40 consortium of Iskandar Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (M) Sdn Bhd (CREC).

  Kepong is a fairly old, self-contained suburb with a high concentration of mass-market apartments and affordable condominiums.

Kampung Kuchai, an old section of Ipoh where time has stood still for decades, has caught the attention of property developers.