Savills Investment Management to grow Asian footprint
LAST November, Savills Investment Management divested two assets in Singapore — its stake in Chinatown Point to partners Perennial Real Estate Holdings and Singapore Press Holdings for S$92.
Keong Saik Road’s second wave of gentrification
IN early March, Chinatown Hotel on Teck Lim Road was put up for sale.
DONE DEAL: Ground floor of a two-storey shoplot, Jelutong, Penang
Rented for: RM3,200 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: Nov 21, 2016 Noteworthy: ● Leasehold ● 1,400 sq ft ● Ground floor of a two-storey shoplot ● Nearby amenities include F&B outlets, banks, mini market and Maritime Auto Mall ● About 5km away from George Town, 13km away from Penang International airport in Bayan Lepas and 6km to the Penang Bridge The unit is situated at Lebuh Sungai Pinang 1 in Jelutong, Penang, right behind Persiaran Karpal Singh, which is now one of the most popular chill-out places for locals and tourists owing to its fabulous sea view and a wide range of F&B choices.
Penang residential transactions forecast to rise in 1Q2017
KUALA LUMPUR (March 25): The number of residential property transactions in Penang is forecast to increase to 2,527 transactions in 1Q2017 compared with 2,297 transactions in the previous quarter, while the total value of transactions is expected to rise to RM1.
重点报道：Damansara Utama排屋市价突破一百万！
住在Petaling Jaya的人们，一定对Damansara Utama（简称DU）不陌生。这里是个繁忙的地方，有银行、餐厅、咖啡厅提及办公单位，每日人车攘来熙往，白天为公务，夜晚为娱乐消遣，是个非常热闹的商区与住宅社区。 DU分为两个区块——位于西区的SS21以及东区的SS20（也称Damansara Kim）；SS21主要为商区，也就是人们熟悉的Damansara Uptown，这里也有一些有地房产；SS20则主要以住宅区为主。 DU的主要发展商为See Hoy Chan Bhd，该集团已在这里建设了3,000间住宅房屋及300间店铺。 Damansara Uptown的主要房产是办公楼及店铺，近期发展包括已经建竣的五层楼高且拥有45万平方尺净出租空间的The Starling购物商场、38层楼高的Uptown 8办公楼，还有Ascott管理的服务式公寓——Somerset Damansara Uptown。 这些新落成建筑均为DU注入新的活力，也成为该区的新地标。 Laurelcap Sdn Bhd’s director Stanley Toh告诉TheEdgeProperty.
Penang housing market resilient
ALTHOUGH the overall transaction volume has fallen, Penang’s housing market looks more resilient than other major markets such as Kuala Lumpur, Selangor and Johor, based on transaction volume, said TheEdgeProperty.
Property projects should be sustainable to last into the future
SHAH ALAM (March 3): The master plan, accessibility and future value appreciation are often taken into consideration in the decision-making of a property buyer today, said Eco World Development Group Bhd divisional general manager Datuk Hoe Mei Ling.
APDL approvals to boost Penang market
AFTER waiting for months on end for their applications for advertising permits and developers’ licences (APDLs) to be approved, developers in Penang breathed a sigh of relief recently — they have finally been given the nod.
Bina Darulaman group MD’s contract extended by two years
KUALA LUMPUR (Feb 16): Bina Darulaman Bhd’s group managing director Datuk Izham Yusoff’s contract has been extended by another two years, effective from this month.
