News about REA

Sold for: RM625,000 (RM775 psf) Concluded by: Joseph Lim (REN 20125) of Hartamas Real Estate (OUG) Sdn Bhd (010-225 6293) When: May 2017 Noteworthy: ● Built-up: 807 sq ft ● Mid-level unit facing southwest ● 2-bedroom and 2-bathroom unit ● Leasehold ● Partly furnished with wardrobe, kitchen cabinet, hob and hood, washer and dryer, water heater and air-conditioning units Urbana Residences is one of the newest serviced apartment projects in Ara Damansara, Petaling Jaya.

KUALA LUMPUR (Sept 28): Damansara Realty Bhd has secured the renewal of five contracts from Telekom Malaysia Bhd for integrated facilities management (IFM) services worth RM5 million.

PETALING JAYA (Sept 28): The Real Estate and Housing Developers’ Association (Rehda) hopes the government will seriously consider three key areas, namely financing, cost of doing business and the GST exemption, said president Datuk Seri FD Iskandar Mohamed Mansor.

The 10,000 sq ft extension of The Great Room at One George Street has been 100% taken up even before its opening at the end of this month.

KUALA LUMPUR (Sept 26): Damansara Realty Bhd announced today that it has decided to revise the exercise price of its proposed bonus warrants to 58 sen apiece, from 82 sen previously.

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.

When Skysuites@Anson was relaunched on July 22, at least 85 of the remaining 128 units in the high-rise condominium tower found buyers.

PETALING JAYA (Sept 20): The Real Estate and Housing Developers' Association Malaysia (Rehda) recent survey showed that only 31% of respondents had new launches in the first half of the year, representing a 12% drop from 2H16.

Sold for: RM1 million (RM453 psf) Concluded by: Shimry Wong (REN 06314) of 1TPE Realty Sdn Bhd (014-367 3822) When: April 2017 Noteworthy: ● Built-up: 2,204 sq ft ● 4 bedrooms and 4 bathroom ● Fourth floor faces the east  ● Comes with air-conditioning units, ceiling fans and light fittings ● Two car park bays ● Facilities: swimming pool, gym, function hall and squash court Sri Bukit Tunku is one of the oldest such condominium developments in Kenny Hills.

PETALING JAYA (Sept 2): Currency market movements can have a significant impact not only on the return provided by an overseas asset, but also on the flow of international capital into property markets, said global property consultancy Knight Frank.