Office markets in KL and Selangor expected to remain subdued

PETALING JAYA (Aug 10): The KL fringe and Selangor office markets are expected to remain subdued while KL city is expected to face downward pressure underpinned by persistent low oil prices, said property consultancy firm Knight Frank Malaysia in its “Real Estate Insights research report for 1H2016”.

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No public involvement in MRT trial run, says MRT Corp

KUALA LUMPUR (Aug 3): No members of the public will be involved in the three-month trial run of Phase 1 of the mass rapid transit Sungai Buloh-Kajang Line (MRT Line 1) that is slated to begin on Oct 1, said Mass Rapid Transit Corp Sdn Bhd (MRT Corp).

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UPDATE: PRG eyes Myanmar, Philippines

KUALA LUMPUR (July 20): PRG Holdings Bhd, which is planning to develop affordable housing in Sungai Buloh, Selangor, is exploring business opportunities in Myanmar and the Philippines to expand the company’s construction and real estate development operations.

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MRT V205 and V206 packages to be open for tender in 3Q

KUALA LUMPUR (July 4): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) said the tender for packages V205 and V206 for the Klang Valley Mass Rapid Transit Sungai Buloh–Serdang–Putrajaya (SSP Line) will be held in the third quarter of the this year (3Q16).

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MRCB targets RM1 billion sales for this year

PETALING JAYA (June 1): Malaysian Resources Corp Bhd (MRCB) has set a RM1 billion sales target for 2016 — a risky bet considering that its 2015 sales only amounted to RM850 million, while the real estate market remains muted.

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