News about KL

SUBANG JAYA (Feb 26): Titijaya Land Bhd will be unveiling the last block of its H2O Residences at Ara Damansara in Petaling Jaya early next month, according to the company’s executive director Charmaine Lim (pictured, below).

Rented for: RM4,695 per month or RM5 psf (including 6% GST) Concluded by: Jaimie Lee of Property Hub Sdn Bhd (012-281 9182) When: December 2015 Noteworthy: * Built-up: 939 sq ft * The only unit with this built-up on the entire floor * High floor, facing east overlooking the Pantai area * Partly furnished with air-conditioning units, flooring and pantry * MSC-status-certified office building The Vertical comprises two office buildings and the above mentioned unit is located in The Vertical II Office Suites, also known as Tower B.

KUALA LUMPUR (Feb 25): Paramount Corp Bhd is doubling its property launches this year to RM770 million, from RM313 million in 2015, and aiming to have RM480 million new sales for the financial year ending Dec 31, 2016 (FY16).

KUALA LUMPUR (Feb 24): Negeri Sembilan property developer Matrix Concepts Holdings Bhd posted record property sales of RM805.

KUALA LUMPUR (Feb 23): About 72% of property developers, fund and real estate investment trust (REIT) managers and lenders intend to invest in commercial properties in 2016, despite 57% of respondents saying they are less optimistic on the sector’s outlook, according to a new survey by global property consultancy Knight Frank.

KUALA LUMPUR (Feb 23): The occupancy rate of office properties in Kuala Lumpur City Fringe (KL City Fringe) inched up 89.

PETALING JAYA (Feb 18): MK Land Holdings Bhd will be launching a total of five new products in the affordable housing segment, led by its condominium project Residensi Suasana @ Damai located at Damansara Damai with a gross development value of RM400 million before its financial year ends on June 30, 2016.

FOLLOWING the success of its RM156 million high-rise development Avantas Residences in Old Klang Road, Kuala Lumpur, CPI Land Sdn Bhd is working on its second project — a mixed-use development in Mantin, Negeri Sembilan.

KLANG (Feb 17): A businessman looking into procuring land in Teluk Gong for a factory has claimed he was required to pay an inducement in exchange for a speedy land conversion process.

WCT Holdings Bhd (Feb 16, RM1.