News about KL

    Setapak, a large and established suburb in the district of Gombak, Kuala Lumpur, has seen the average values of its high-rise homes outpace that of Kuala Lumpur’s on the back of a strong rental market, affordability and good access via road and light rail transit.

KUALA LUMPUR (July 2): Kenanga IB Research maintained its overweight call over the construction sector, as it is still firmly backed by contractors’ healthy orderbooks that provide two to three years visibility, while its replenishment prospects and earnings were met by most contractors.

Today, we continue our focus on Kuala Lumpur’s Setapak area by looking at average prices on a per square foot (psf) basis.

  With the advantage of being close to the city centre, Setapak has witnessed the development of many condominiums.

A mere 13 years ago, YTL Land & Development Bhd (YTL Land) kickstarted a multi-billion ringgit urban renewal project in Kuala Lumpur’s Sentul district, with its historic pre-war shophouses, temples, churches, public housing and the old Malayan Railway train depot .

Twenty-two 1940s shophouses along Jalan Doraisamy in Kuala Lumpur that had been converted into the Asian Heritage Row of nightspots in the early 2000s, are again being readapted.

KUALA LUMPUR (June 24): Despite approving the Kampung Baru Development Corporation Act, "not one piece of steel" has been seen in the redevelopment of the historical Malay enclave, which sits on prime real estate in Kuala Lumpur, a senator said today.

KUALA LUMPUR (June 23): Johor-based property developer KSL Holdings Bhd plans to start the construction of KSL City Mall 2, expected to be one of the largest shopping malls in Klang, by the end of 2015.

KUALA LUMPUR (June 22): Axis REIT Managers Bhd (ARMB), the manager of Axis Real Estate Investment Trust (Axis-REIT), is acquiring an industrial facility in Port Klang, Selangor from Haisan Resources Bhd for RM46 million cash on an acquisition and leaseback arrangement.

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