News about ER

• Following from last week’s focus on Kuala Lumpur’s Jalan Ipoh, we take a look at non-landed residences in the neighbouring Sentul area this week.

IPOH (June 19): A large portion of the "stock overhang" in the state property market are lots allocated under the Bumiputera Lot Quota Regulation, says Perak branch Real Estate And Housing Developers' Association (Rehda) chairman Tony Khoo Boon Chuan.

KUALA LUMPUR (June 19): Malaysia Pacific Corp Bhd (MPCB) has appointed UHY to conduct a special audit on the property developer following queries from shareholders and regulators on the company.

PENANG (June 19): Penang-based property developer Tambun Indah Land Bhd (TILB) is acquiring 19.

KUALA LUMPUR (June 19): Mah Sing Group Bhd expects sales to pick up in the second half of the year (2H2015) following sales of just RM761 million in the first four months of the year – or 22% of their RM3.

PETALING JAYA (June 19): YNH Bhd has launched  395 units of its Sfera Residence @ Puchong South on June 12, amidst soft market conditions.

PETALING JAYA (June 18): Eco World Development Group Bhd (Eco World) shares rose 8 sen or 5.

KUALA LUMPUR (June 18): Mah Sing Group Bhd, which sold RM761 million worth of properties between January and April this year, expects sales to be better in the second half (2H) of 2015.

KUALA LUMPUR (June 18): Eco World International Bhd (EWI), a special purpose entity set up by major shareholders of Eco World Development Group Bhd (Eco World) to acquire real estate assets for development overseas, has withdrawn its plans to list as a special purpose acquisition company (SPAC) that was to raise RM1.

SEREMBAN (June 17): The Negri Sembilan state government is ready to facilitate the process of reviving abandoned projects that cause an eyesore in the state, particularly in Seremban.