PROPERTY SNAPSHOT 1: Prices stabilise in Kelana Jaya
• This week, the spotlight falls on the secondary market of non-landed residences in Kelana Jaya, Selangor.
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.
Prasarana to award tenders for RM9b LRT 3 project in 2H
KUALA LUMPUR (April 27): Prasarana Malaysia Bhd expects to start awarding tenders for the RM9 billion light rail transit Line 3 (LRT 3) project in the second half of the year (2H).
HSR to be ready by 2027, construction to take seven years
Construction sector Maintain “overweight”: A local business daily reported that the Kuala Lumpur high speed rail (HSR) project will commence operations in 2027 from its initial target of 2020.
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.
M'sian construction industry to post 8% to 10% growth in 2016
KUALA LUMPUR (April 11): Malaysia's construction segment is expected to grow between 8% and 10% in 2016 in terms of projects undertaken, driven by government infrastructure projects, said Works Minister Datuk Seri Fadillah Yusof.
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.
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.
Value of building works done to rise 10%-15%
KUALA LUMPUR (Feb 12): The total value of construction works done in the country is expected to grow between 10% and 15% over the next two years, sustained by property projects launched in recent years.
‘We have been waiting for the federal government for so long’
This is Part 2 of a story that ran yesterday.
