News about UK

•    This week, the spotlight falls on the secondary market of non-landed residences in Bukit Jalil, Kuala Lumpur.

KLANG (May 27): WCT Holdings Bhd is looking to sell off some assets to raise more than RM500 million, the proceeds of which it expects to use to reduce its net gearing to 0.

KUALA LUMPUR (May 27): The federal government will bear the land acquisition cost totalling RM2.

Rented for: RM8,000 Concluded by: Matt Tian of Reapfield Properties Sdn Bhd (016-208 5108) When: March 2016 Noteworthy: • Leasehold • Built-up: 3,778 sq ft • Land size: 3,821 sq ft • 6 rooms and 6 bathrooms • Leased for two years • Partially furnished with built-in wardrobes, cabinets with appliances for dry and wet kitchens, curtains, fans and air-conditioners The tenancy was concluded by Reapfield Properties Sdn Bhd negotiator Matt Tian.

IF you have not RM1 million, nor RM5 million, but RM10 million to spend, what would you do? For one, you could consider getting a RM10 million ringgit home in what many would call the most exclusive residential addresses in the country.

KUALA LUMPUR (May 24): Ho Hup Construction Company Bhd, which saw its earnings slip 5% in the first quarter ended March 31, 2016 (1QFY16), has trimmed its profit after tax (PAT) growth target to between 15% and 20% for FY16, in view of the continued slowdown in the property market.

SITUATED 15km south of Kuala Lumpur, Bandar Baru Seri Petaling, also known as Sri Petaling, was a rubber estate before it was developed and launched in 1977 by Petaling Garden Sdn Bhd, now a wholly-owned subsidiary of I&P Group.

IF you are looking to own a non-landed home in the capital city of Kuala Lumpur with RM500,000 in your bank account, where do you think you would get the most spacious property? According to the Malaysian Statistics Department, there are 11 districts in Kuala Lumpur: Bukit Bintang, Lembah Pantai, Seputeh, Sentul, Titiwangsa, Setiawangsa, Kepong, Segambut, Cheras, Wangsa Maju and Bandar Tun Razak.

KUALA LUMPUR (May 17): IJM Land Bhd will be unveiling its first commercial development in Pantai Sentral Park in Bukit Kerinchi, Kuala Lumpur, which carries a gross development value (GDV) of about RM500 million by the end of this year, said IJM Land Bhd central region senior general manager Hoo Kim See.

KUALA LUMPUR (May 13): S P Setia Bhd, which is poised for RM3 billion worth of launches in the financial year 2016 (FY16), recorded a net profit of RM123.