News about S

BANGI (Feb 16): Sunway Property -- the property arm of Sunway Bhd -- clinched 95% sales for Sunway Gandaria Retail, one of the components of its latest mixed-use development in Bangi, Sunway Gandaria.

KUALA LUMPUR (Feb 16): Stakeholders in Brickfields, Kuala Lumpur, hope that a new RM26 million Kuala Lumpur City Hall-built car park on Jalan Thambipillay will reduce illegal and haphazard parking in the area.

SYDNEY (Feb 16): A loophole in Australian property rules has helped overseas developers invest what industry executives believe were record levels in the country in 2015, casting doubt over the efficacy of curbs intended to keep a lid on soaring prices.

KUALA LUMPUR (Feb 16): TSR Capital Bhd has bagged a RM240 million contract from Putrajaya Homes Sdn Bhd to build two blocks of 19-storey and 18-storey condominiums and two blocks of multilevel car park in Putrajaya.

KUALA LUMPUR (Feb 16): Mah Sing Group Bhd, the country’s second-largest property developer by sales value, is to buy back all of its unconverted secured bonds for RM337.

  While the overall Kuching property market has been tepid, the high-rise segment continues to perform relatively well, as it offers an affordable alternative to increasingly expensive landed homes.

  CHENNAI (Feb 15): Chennai recorded a 62% drop in new property launches in 2015 compared to 2014, due to a lot of existing supply in the market, according to JLL India.

KUALA LUMPUR (Feb 15): Much has been done in a year to improve conditions at the Kota Damansara low-cost (PPR) flats in Petaling Jaya, Selangor.

  This week’s spotlight falls on the secondary market for non-landed residences in Kuching, Sarawak.

WITH the demand for property slipping, competition among property developers chasing a shrinking market has become stiffer.