Renaissance KL, Cap Square Tower and Aloft KL emerge as top deals
THE slowdown in the world economy took its toll on property activity and transactions in Malaysia this year, with major deals few and far between.
US-based investment firm exploring potential warehouses in Malaysia
KUALA LUMPUR (Dec 27): Private investment company, Guidance Investments, is looking at potential warehouse opportunities in Malaysia to expand its property portfolio in the Southeast Asia (SEA) market, according to Guidance Investments’ Asian Real Estate managing director Pius Ho.
Natural air fresheners from mother earth
THOUGH the market offers numerous quick fixes for every problem, from indigestion to removing rust, at a certain price of course, most remedies can be found at a mere fraction of the cost of the commercial ones.
Premature of Putrajaya to condemn DEIAs — Penang
GEORGE TOWN (Dec 23): The Penang government has refuted a federal minister’s claims that the state has failed to comply with the law in preparation of relevant environmental impact studies for the RM46 billion Penang Transport Master Plan (PTMP), saying such claims were “premature” as the reports have yet to even be submitted to Putrajaya.
DONE DEAL: Solaris Dutamas serviced residence, Kuala Lumpur
Sold for: RM975,000 (RM920 psf) Concluded by: Ann Soh (REN 03232) of One Sunterra Properties (018-369 8650) When: June 2016 Noteworthy: ● Freehold ● Built-up: 1,060 sq ft ● Completed in 2009 ● Developed by Sunrise Bhd (now UEM Sunrise) ● 2 bedrooms, 2 bathrooms ● Located above a mall According to the agent, Ann Soh of One Sunterra Properties, the unit is located on the 16th floor of Publika, a shopping mall favoured by expats.
SRS Consortium to submit 3 detailed EIAs for PTMP by early 2017
GEORGE TOWN (Dec 22): Gamuda Bhd-led SRS Consortium will submit all three detailed environmental impact assessments (DEIAs) for land reclamation, Pan Island Link highway and rail links, as part of the RM46 billion Penang Transport Master Plan (PTMP), to the Department of Environment (DOE) by the second week of 2017.
Amcorp Properties plans HK entry via JV with Grosvenor Asia
KUALA LUMPUR (Dec 21): Amcorp Properties Bhd (AmProp) is planning to venture into the Hong Kong property market via a tie-up with Grosvenor Asia Pacific Ltd.
Low demand to impact businesses
THE Kuala Lumpur office market will remain restrained in the near future despite opportunities for investors, institutional funds and real estate investment trusts.
MRT Corp: Linkways between stations and buildings the responsibility of property owners
PETALING JAYA (Dec 20): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) today explained that the linkways from stations to adjacent privately-owned buildings are supposed to be built by the property owners at their cost and according to their construction schedules This explanation from MRT Corp came about after users of the Sungai Buloh-Kajang (SBK) Line, which commenced operations last Friday (Dec 16), commented that pedestrian linkways were not completed along with the MRT stations.
