News about PA

IPOH (Feb 5): About 60% of the total units at Serene Villas by Sunway City (Ipoh) Sdn Bhd – a Sunway Property unit – were snapped up by interested buyers within the two-day private preview event, said the developer in a recent statement.

DESPITE its proximity to Singapore, the Johor Bahru property market had never received the same kind of attention as the Klang Valley or Penang markets until the launch of the Iskandar Malaysia development corridor in 2006.

PETALING JAYA: The Ascent Paradigm by WCT Holdings Bhd (WCT), which opened in the third quarter of last year, has seen half of its 504,084 sq ft total net lettable area taken up.

SABAH, in particular its capital Kota Kinabalu, was not spared the effects of the cooling measures introduced to curb escalating property prices, resulting in a slower property market last year, with fewer transactions and launches.

LONDON (Feb 3): The most affordable property prices across the London Underground network are found in Zones 4 and 5, with average prices ranging from £237,000 (RM1.

GEORGE TOWN (Feb 3): The Penang government will be publicly disclosing its land reclamation agreements in Bayan Mutiara and Pantai Jerejak which were inked by the present administration.

Sold for: RM1 million Concluded by: Janet Chong of Hartamas Real Estate (012-318 8099) When: January 2016 Noteworthy: * Freehold * 1,390 sq ft * 3 bedrooms and 3 bathrooms * two side-by-side parking bays * bare unit Saville @ The Park is one of the newest high-rise homes in Bangsar South, Kuala Lumpur.

KUALA LUMPUR: Despite the forecast of further slowdown in the property market this year, Land & General Bhd (L&G) plans to launch three developments with an estimated total gross development value (GDV) of RM1.

KUALA LUMPUR (Jan 27): The sale of retail portfolios and demand for logistic space is expected to increase in Europe this year, said global property services firm Savills in a briefing note entitled “Themes for European property in 2016” released this month.

KUALA LUMPUR: Quarry equipment distributor SCH Group Bhd’s revenue may decline 20% in the current financial year ending Aug 31, 2016 (FY16) due to the property market slowdown, according to its managing director cum deputy chairman Lau Mong Ling.