New transportation infrastructure to boost value of shophouses

  KUALA LUMPUR (April 30): New transportation infrastructure such as the mass rapid transit (MRT) and light rail transit (LRT) will enhance the investibility of shophouses, said Savills Malaysia managing director Allan Soo (pictured,below) at The Edge Real Estate Investment Forum 2016 (REIF 2016) today.

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LRT Kelana Jaya Line extension on track to start operations end-June

PETALING JAYA (April 14): The construction of new LRT Kelana Jaya Line extension project (LEP) is currently progressing to the final stage, and the line is on track to begin operations at end-June this year, said infrastructure operator Prasarana Rail and Infrastructure Projects Sdn Bhd (Praise) CEO Datuk Zohari Sulaiman.

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Sime Darby collaborates with Halim Saad's KYS

KUALA LUMPUR (March 2): Sime Darby Property Bhd, the property arm of Sime Darby Bhd, announced its collaboration with Tan Sri Halim Saad’s KYS Education Group to establish the KYS International School within the KL East development here.

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DONE DEAL: Office unit in The Vertical, Bangsar South, KL

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.

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