Bangalore hits all time high in unsold property inventory
BANGALORE (Sept 10): Bangalore's residential property inventory overhang hit new peaks at 32 months, with more than 84,000 unsold housing units by the end of 2Q15, reported JLL India.
GRSB to redevelop land in Seberang Perai
PETALING JAYA (Sept 10): GUH Realty Sdn Bhd (GRSB), a unit from GUH Holdings Bhd has entered into a sale and purchase agreement (SPA) with Leader Holdings and vendor Thow Gooi Chee to acquire the land measuring 4.
Penang revives affordable housing project in Paya Terubong
GEORGE TOWN (Sept 10): The Penang government has revived a 28-year-old project to build affordable housing, shop lots and a four-storey market and hawker complex in Paya Terubong.
PROPERTY SNAPSHOT 4: What’s hot in Taman Desa?
This is the final part in a series of four snapshots on Taman Desa.
Land and General faces up to 20% cost increase for future projects
KUALA LUMPUR (Sept 9): Property developer Land and General Bhd (L&G) has admitted that the weakening ringgit against the US dollar will have an increase development cost for their future projects, if the situation has not abated.
PROPERTY SNAPSHOT 3: What are developments priced at in Taman Desa?
This is the third in a series of four snapshots on Taman Desa.
183 Ampang up for sale
TWO prominent businessmen are looking at divesting 183 Ampang, a six-year-old residential project located close to two major roads in Kuala Lumpur — Jalan Ampang and Jalan Tun Razak — possibly for as much as RM2,400 psf or RM317 million.
Living river barrier scheme wins PAM architecture award
KUALA LUMPUR (Sept 8): A design that addresses the growing concern about rising river levels and that encourages hydroelectric power generation has won the PAM-Tan Sri Chan Sau Lai Architecture Award (TSCSLAA) 2015.
Matrix Concepts names founder Lee Tian Hock as new MD
KUALA LUMPUR (Sept 8): Matrix Concepts Holdings Bhd has named its founder Datuk Lee Tian Hock (pictured) as the group’s new managing director (MD) effective today.
