News about KL

KUALA LUMPUR (June 1): Prinsiptek Corp Bhd — which saw a 64% plunge in its latest quarterly net profit — is expecting better earnings from the second half of this year ending December (2HFY15) on progressive billing and revenue recognition from its construction and property projects, said managing director Datuk Foo Chu Jong.

KUALA LUMPUR (May 28): Despite earlier reservations, most stakeholders in Brickfields, Little India, are now keen to see the change that will soon take place at the site of the 99-year-old 100 Quarters in Jalan Rozario, in the Brickfields township of Kuala Lumpur.

SHAH ALAM (May 27): Titijaya Land Bhd obtained shareholders’ approval to acquire about 23 acres of leasehold land in Batu Maung, Penang to build a mixed-use development after its extraordinary general meeting (EGM) here today.

• Today, we continue our focus on Bangsar by looking at development prices on a per square foot (psf) basis.

KUALA LUMPUR (May 26): The 100 Quarters in Brickfields will soon be a memory, as Malaysian Resources Corporation Bhd (MRCB) is ready to commence demolition of the site.

KUALA LUMPUR (MAY 26): UEM Edgenta Bhd - formerly Faber Group Bhd - plans to stay focused in total asset management and will see the last of its property development projects once completed in 2017.

KUALA LUMPUR (May 25): MK Land Holdings Bhd saw its net profit remain flat at RM15.

For most new homebuyers, properties in Kuala Lumpur City Centre (KLCC) are probably “obnoxiously overpriced” or simply “not for ordinary people”.

PETALING JAYA (May 22): Kuala Lumpur City Centre or KLCC is known as the country’s most expensive address, with current average price psf hovering above RM1,000 psf.

•    Today we look at price growth and indicative asking rental yields for non-landed residences in the KLCC area.