News about Petaling

KUALA LUMPUR (May 6): MWE Holdings Bhd intends to sell nine parcels of leasehold lands and its entire stake in MWE Golf & Country Club Bhd to Newfields Land Sdn Bhd’s wholly-owned subsidiaries for RM55 million and RM1 respectively.

KUALA LUMPUR (May 4): Kimlun Corp Bhd has won a construction contract worth RM165.

HONG KONG-based Nan Fung Group plans to dispose of several parcels of land in Kuala Lumpur measuring a total of 33 acres for an estimated RM700 million, sources say.

THE controlling shareholders of property developer Magna Prima Bhd are understood to be looking to hive off a large stake of about 30% in the company, sources say.

KUALA LUMPUR (April 9): Gabungan AQRS Bhd, a construction and engineering service provider as well as niche property developer, said its subsidiary is selling a piece of land for RM50.

PETALING JAYA (April 1): In light of high loan rejection rates experienced by many homebuyers recently, Huttons One World Sdn Bhd real estate group executive director Daniel Goh said it is likely because youths may be focusing too much on getting their dream home in the perfect location when they should be focusing on getting their house loans approved first.

Sold for: RM1.

Sold for: RM685,000 Concluded by: Des Yap of Vivahomes Realty (016-220 2209) When: December 2015 Noteworthy: • Built up: 1,900 sq ft • Land area: 3,053 sq ft • Corner lot • Unfurnished • 4 bedrooms and 3 bathrooms • Gated-and-guarded scheme • 3km to Rawang Aeon and McDonald’s Kota Emerald West consists of 2-storey terraced houses and cluster houses (semi-detached homes that comprise four homes joined together, resulting in each house becoming a corner house).

AXIS REIT Managers Bhd’s newly appointed CEO, Leong Kit May, enters the meeting room at the company headquarters in Menara Axis, Petaling Jaya, with a bright smile.

KUALA LUMPUR (March 15): Developer Kwasa Land Sdn Bhd, a unit of the Employees Provident Fund (EPF), has awarded a two-year RM268.