News about KL

PETALING JAYA (June 28): S P Setia Bhd will be unveiling ViiA Residences at KL Eco City in August, said the developer in a press statement.

TROPICANA Corp Bhd is planning to launch RM1.

•    Taman Desa is an affluent and established neighbourhood.

KUALA LUMPUR (June 27): MMC Corporation Bhd and its partner in the Klang Valley Mass Rapid Transit (KVMRT) project are being sued for over RM300 million for an alleged breach of contract relating to a land acquisition for the project.

•    This week, the spotlight falls on the secondary market of non-landed residences in Taman Desa, Kuala Lumpur.

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.

AS land in Kuala Lumpur becomes scarce, more and more developers are shifting towards creating all-in-one lifestyle products.

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.

KUALA LUMPUR (June 16): Property developer Glomac Bhd, whose latest quarterly profit has fallen 26% according to its bourse filing yesterday, is planning RM1.

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.