News about Kajang

PETALING JAYA (April 29): Country Gardens Properties (M) Sdn Bhd will be launching the first parcel of phase two of Diamond City township development in Semenyih, Selangor tomorrow, sales and marketing manager, Ye Lang Heng told TheEdgeProperty.

PETALING JAYA (April 5): Malaysian Resources Corp Bhd’s (MRCB) unit MRCB Builders Sdn Bhd will build a cold storage processing and distribution hub in Kajang for national retailing chain Giant.

TROPICANA Corp Bhd has launched its property bidding campaign, where the lowest unique bid wins, starting from a floor price of RM538,888 (for a Tropicana Metropark condominium).

THE story started in 2004 when Tan King Hong, Loh Kok Theng and See Cherng Jye were brought in to establish Yuwang Development Sdn Bhd, the property arm of Yuwang Group.

KUALA LUMPUR (March 25): Gamuda Bhd, which is involved in construction and property as well as water concessions, saw a 12% drop in net profit in its second financial quarter ended Jan 31, 2016 (2QFY16) to RM160.

KUALA LUMPUR (March 23): IOI Properties Group Bhd plans to officially launch two residential blocks of its new freehold mixed development Conezion @ IOI Resort City at Putrajaya this weekend.

KUALA LUMPUR (March 18): Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) is inviting bidders to submit business proposals and bids for 41 retail units at 21 elevated stations along the MRT Sungai Buloh-Kajang Line.

PUTRA Nilai Development Sdn Bhd, the property arm of Nilai Resources Group Sdn Bhd, has been one of the key players in the property market in Nilai, Negeri Sembilan.

KUALA LUMPUR (Jan 20): The current property market slowdown will be positive in the long-term as it is reining in the rapid price increases, cooling the market and reducing speculation, said Henry Butcher (M) Sdn Bhd COO Tang Chee Meng (pictured, right).

It is expected that 2016 could spell another challenging year for the local real estate market unless the domestic and global economic situation improves, according to local property consultants polled by City&Country.