DONE DEAL: Three units in a 4-storey shopoffice, Nova Place, Jelutong, Penang

Sep 21

Rented for: RM13,780 a month (including GST) Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: May 24, 2017 Noteworthy: ● Freehold ● 4-storey shopoffice building with lifts ● Three units with a combined built-up of 4,900 sq ft ● Nearby amenities include restaurants, banks, clinics, hospitals, Jelutong morning market and post office ● 6km away from Penang Bridge, 13km away from Penang International airport and 7km away from George Town Completed at the end of last year, Nova Place (or Pusat Perdagangan Nova in Bahasa Malaysia) is a new commercial area located at Jelutong, Penang.

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Rehda: Most developers harbour pessimistic sales outlook

Sep 20

PETALING JAYA (Sept 20): Most developers are pessimistic on future sales performance, with 76% out of 153 respondents anticipating that their sales will be below 50% in 2H2017 and 1H2018, according to a survey by the Real Estate Housing Developers Association (Rehda) titled “Property industry survey 1H17 and market outlook for 2H17/1H18” in Peninsula Malaysia.

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E&O to sell five more non-core assets

Sep 20

KUALA LUMPUR (Sept 20): Eastern & Oriental Bhd (E&O) has put five other non-core assets up for sale, following the successful disposal of its Lone Pine Hotel in Penang and soon a piece of land in the Kuala Lumpur city centre.

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SHL eyes Myanmar affordable housing market

Aug 24

KUALA LUMPUR (Aug 24): SHL Consolidated Bhd's joint venture (JV) with Japan-based Marubeni Corp is looking at tapping into Myanmar's affordable housing market, in line with their business venture across the Association of Southeast Asian Nations (Asean) region.

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