News about PA

THE sight of an elderly man enjoying a cup of kopi — the local lingo for a dark, sweet and full-bodied brew of coffee — while reading a newspaper is a befitting reflection of Ipoh’s leisurely pace.

KUALA LUMPUR (March 30): Although Kuala Lumpur City Hall (DBKL) has restricted approvals to develop new hotels, luxury apartments and office developments, the authorities will still allow applications for selected mixed commercial developments, said Federal Territories Minister Tengku Adnan Tengku Mansor.

KUALA LUMPUR (March 30): Construction of the Royale Pavilion Hotel Kuala Lumpur has progressed to 80%, with its opening set for the second quarter of next year, according to developer Harmoni Perkasa Sdn Bhd (HPSB) director Datuk Lee Tuck Fook.

LEMBAGA Getah Malaysia (LGM) is monetising its prime land in Kuala Lumpur City Centre (KLCC), in what some believe is a move to shore up its coffers.

BANGI (March 28): United Malayan Land Bhd (UMLand) will be unveiling The Apex bungalow project, which has a gross development value (GDV) of RM289 million, at Putra Hill Residency, Bangi, in June this year, according to UMLand chief managing director Dennis Ng.

IN a bid to sustain itself in a sluggish local property market, BRDB Developments Sdn Bhd has turned its attention to other parts of the world.

PETALING JAYA (March 24): Companies are more sensitive and cautious in their spending on office space compared with 20 to 30 years ago, said JLL country head for Malaysia YY Lau.

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 24): The level of household debt-to-gross domestic product (GDP) ratio continued to be elevated at 89.

•    Today, we look at price growth and indicative asking rental yields for non-landed residences in the district of Kerinchi/Pantai.