Be aware of the prescribed by-laws for stratified homes
STRATA living is the norm in land-scarce areas such as Kuala Lumpur and other cities in Malaysia.
DONE DEAL: 2-storey semi-detached house at Taman Desa, Kuala Lumpur
Sold for: RM2,150,000 Concluded by: Terence Yap of One Sunterra Properties Sdn Bhd (012-210 3557) When: December 2015 Noteworthy: • Freehold • Built up: 2,500 sq ft • Land size: 3,300 sq ft • 5 bedrooms and one utility room According to the agent, Terence Yap of One Sunterra Properties Sdn Bhd, the property is located along Jalan Desa Mesra, which happens to be a popular street in Taman Desa.
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.
Only World Group signs MoU to open luxury restaurant Grand Imperial at Komtar
SHAH ALAM (April 14): Only World Group Holdings Bhd (OWG) has signed a memorandum of understanding (MoU) with the owner of Grand Imperial Restaurant to operate the luxury Chinese cuisine restaurant and banquet hall services at Komtar Tower, Penang.
Malaysia Property Inc ceases operations as overhang issue under control
KUALA LUMPUR (April 13): Malaysia Property Inc (MPI) has ceased operations as it has accomplished its objective of managing the property overhang issue and in branding Malaysia's real estate sector overseas, the government said today.
MQREIT does not expect significant impact from office space glut
KUALA LUMPUR (April 13): MRCB-Quill Real Estate Investment Trust (MQREIT) does not expect to be significantly affected by the current office space oversupply, as only 7% of its net lettable area (NLA) will be up for renewal in July.
AmProp’s prospects to remain exciting
Amcorp Properties Bhd (April 11, 89 sen) Maintain buy with an unchanged target price of RM1.
Rehda Youth’s tour focuses on green buildings
THE youth wing of the Real Estate and Housing Developers’ Association, better known as Rehda Youth, organised its seventh Green Tour on March 9.
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FEH positive on Malaysia’s tourism industry
PETALING JAYA (April 11): Singaporean hotel and serviced residences operator Far East Hospitality (FEH) is upbeat about Malaysia’s tourism industry and is poised to take advantage of an anticipated growth in international tourist arrivals to the country, said CEO Arthur Kiong.
L&G to officially launch Astoria this weekend
KUALA LUMPUR (April 11): Land & General Bhd (L&G) will introduce a new buyer’s package for its serviced apartment project Astoria Ampang here which will be officially launched this weekend.
