PROPERTY SNAPSHOT 1: Taman Desa enjoys steady interest
• This week, the spotlight falls on the secondary market of non-landed residences in Taman Desa, Kuala Lumpur.
DONE DEAL: Quadro Residences, KLCC
Sold for: RM2,494,000 (RM1,294 psf) Concluded by: Braxton Lim (REN 08029) of City Crest Realtors (012-635 8348) When: March 2016 Noteworthy: • Freehold • 1,927 sq ft • Partly furnished with built-in wardrobe and kitchen cabinets • Developed by Monoland Corp Sdn Bhd • 36 storeys • 245 units in total • 30 sen psf maintenance fee • Each unit comes with a private lift lobby According to City Crest Realtors negotiator Braxton Lim who brokered the deal, the unit was bought by an investor.
Riveria Sentral to bank on its connectivity
AS land in Kuala Lumpur becomes scarce, more and more developers are shifting towards creating all-in-one lifestyle products.
More than 5,000 cases related to developers settled by tribunal
KUALA LUMPUR (June 17): A total of 5,851 out of 6,534 cases of housing developers who did not abide by the sale and purchase agreement since 2013 to May 31 this year have been settled by the National Housing Tribunal, Bernama reported yesterday.
Glomac plans RM1.2 bil worth of launches for FY17
KUALA LUMPUR (June 16): Property developer Glomac Bhd, whose latest quarterly profit has fallen 26% according to its bourse filing yesterday, is planning RM1.
KL office market still lacklustre
THE office market in Kuala Lumpur and beyond KL (Selangor) remained mostly static and unglued in the first quarter of the year, in the light of the slowing local economy, and the situation looks set to continue for the rest of the year.
Prasarana to start awarding RM9b LRT3 job packages in 2-3 mths, says CEO
KUALA LUMPUR (June 15): Prasarana Malaysia Bhd will begin to award the first batch of work packages for the upcoming RM9 billion Light Rail Transit Line 3 (LRT3) in the next two to three months.
Strata management bodies — how do they work?
AS a city grows, the development of high-rises becomes inevitable.
High Court allows EKVE developer to be intervenor
KUALA LUMPUR (June 8): The High Court here yesterday allowed an application by the developer of the East Klang Valley Expressway (EKVE) project to be an intervenor in a lawsuit by three environmental organisations to challenge the Selangor Forestry Department’s decision to close Taman Rimba Ampang (Ampang Forest Park) to make way for the project.
‘Higher funding costs prompt banks to revise BR, BLR rates’
KUALA LUMPUR (June 2): Higher costs of funding prompted some banks to raise their base rates (BR) and base lending rates (BLR) recently, the first time since January 2015, when the BLR structure was replaced with a new BR system.
