News about REA

Sold for: RM1.

PETALING JAYA (Dec 31):  Malaysia’s revised Real Property Gains Tax (RPGT) rates that take effect from Jan 1, 2019, will dampen market sentiment and sales in the near term, according to industry players.

  In a survey conducted by The Edge of seven leading real estate experts, the most hotly anticipated deals for 2019 were discussed.

Rented for: RM4,000 Concluded by: Mayzel Wong (REN 17359) (017-575 8999) of Khoo & Associates Realty When: September 2018 Noteworthy: ● Freehold ● Land area: 1,300 sq ft, unit built-up: 950 sq ft ● Nearby amenities include government schools, INTI International College, restaurants, The CEO office suites building and food court ●​ Easy access to main roads, about 15km to George Town, around 6km away from Penang International Airport, about 13km to Penang bridge and around 10km to Penang     Second Bridge Located at Bukit Jambul, a residential neighbourhood in the northeast of Penang Island, Lebuh Nipah 5 is connected to one of the island's main roads, Jalan Bukit Gambir, which connects residents to George Town and industrial parks in Bayan Lepas.

  KUALA LUMPUR (Dec 26): Sunway Bhd's disposal of academic buildings for RM550 million to Sunway Real Estate Investment Trust (Sunway REIT) is seen as positive by analysts who have raised their target prices on Sunway.

Sold for: RM450,000 Concluded by: Flohrence Yong (REN 03821, 012-329 6826) of Maxland Real Estate Agency When: October 2018 Noteworthy: ● Land size: 1.

KUALA LUMPUR (Dec 19): Kuala Lumpur City Hall (DBKL) has issued a stop-work order on on-going mixed development Fortune Centra (pictured) in Kepong, Kuala Lumpur today for carrying out construction works beyond the hours stipulated by the authorities.

KUALA LUMPUR (Dec 13): Eco World International Bhd (EWI) is aiming to acquire land in London to build an additional 5,000 built-to-rent (BtR) homes over the next five years.

KUALA LUMPUR (Dec 11): The tearing down of the two surviving Highland Towers blocks has been put back to allow more study of the “structures”, Housing and Local Government Minister Zuraida Kamaruddin told the Malay Mail yesterday in response to queries.

KUALA LUMPUR (Dec 11): Singapore said yesterday that it is "encouraged" by Malaysia's undertaking that it would take all effective measures to de-escalate the situation on the ground over Johor Bahru Port's (pictured) limits, and handle the situation in a calm and peaceful manner.