News about Selangor

RAWANG (April 25): S P Setia Bhd plans to launch the first phase of Setia Eco Templer in the first week of May, said president and CEO Datuk Khor Chap Jen.

PETALING JAYA (April 25): KLK Land, a subsidiary of KL-Kepong Bhd, has opened its Hibiscus 2 2-storey terraced houses in Bandar Seri Coalfields, Sungai Buloh for registration.

KUALA LUMPUR (April 22): Compugates Holdings Bhd’s 70%-owned subsidiary, Compugates Development and Mining Sdn Bhd, plans to dispose of a piece of land in Dengkil, Selangor, to Bangsawan Bumimaju Sdn Bhd for RM62.

DEPUTY Finance Minister Datuk Chua Tee Yong expects the Malaysian housing property market to further soften this year.

DO you think that owning a penthouse is out of your league? Well, we found some of these units for less than RM1 million – in the Klang Valley no less.

KUALA LUMPUR (April 13): MRCB-Quill Real Estate Investment Trust (MQREIT) does not expect to be significantly affected by the current office space oversupply, as only 7% of its net lettable area (NLA) will be up for renewal in July.

Malaysian real estate investment trust (M-REIT) sector Maintain overweight: We currently maintain “overweight” on the sector and continue to prefer retail M-REITs (Pavilion REIT and IGB REIT) over non-retail or diversified M-REITs.

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.

KUALA LUMPUR (April 6): Titijaya Land Bhd has entered into an agreement with The Ascott Ltd for two of its upcoming property developments located in Penang and Shah Alam, Selangor, which have a collective gross development value (GDV) of RM4.

PETALING JAYA (April 5): Malaysian Resources Corp Bhd’s (MRCB) unit MRCB Builders Sdn Bhd will build a cold storage processing and distribution hub in Kajang for national retailing chain Giant.