News about NGO

PETALING JAYA (March 25): UEM Sunrise Bhd has completed the topping out for its condominium project, Verdi “eco-dominiums”, in its Symphony Hills development in Cyberjaya, Selangor, the group said in a press statement today.

KUALA LUMPUR (March 25): Selangor Properties Bhd started off its current financial year ending Oct 31, 2016 (FY16) on the wrong foot, reporting a net loss of RM16.

KUALA LUMPUR (March 24): Property developer Glomac Bhd said it plans to roll out RM627 million new launches in the second half of the financial year ending April 30, 2016 (2HFY16), where four out of the five planned projects are in the affordable landed residential segment.

KUALA LUMPUR (March 19): BRDB Developments Sdn Bhd plans to launch RM2 billion worth of projects this year – namely in TamanSari in Rawang, Selangor, the Defense Raya Golf and Country Club (DRGCC) in Lahore, Pakistan, and Gateway Wollongong in New South Wales, Australia.

THE Kuala Lumpur and beyond Kuala Lumpur (Selangor) office market remained stationary in 4Q2015, with looming supply casting a shadow on rental and occupancy rates.

Property sector Maintain neutral: According to news reports, the Selangor state government will freeze the approval for all applications of new property projects involving serviced apartment, small office home office (Soho), and small office versatile office (Sovo) submitted after Jan 1, 2016.

KUALA LUMPUR (March 15): Mah Sing Group Bhd, the country’s second-largest property developer by sales value, said it will discuss with Great Doctrine (M) Sdn Bhd to renegotiate the terms of the sale and purchase agreement (SPA) for the proposed acquisition of a 85.

KUALA LUMPUR (March 14): Property developers are expected to see more unsold residential units in 2016, as launches over the past two years are expected to come on stream, amid a slowdown in demand.

PETALING JAYA (March 9): Properties priced from RM500,001 to RM700,000 are the most vulnerable to loan rejection, according to almost a third of 159 respondents to the Real Estate Housing Developers Association of Malaysia (Rehda) property industry survey 2H2015.

PETALING JAYA (March 9): Almost 70% of 159 respondents to the Real Estate Housing Developers Association of Malaysia (Rehda) property industry survey 2H2015 remained pessimistic on the property market for 1H2016.