Property market to remain challenging this year
Property sector Maintain neutral: Granted, the share price of most of the property developers have moved up this year, which we believe is due to renewed buying interest in laggards and overall improved market risk appetite rather than on signs of recovery in operating conditions.
Seremban 2 attracting more buyers from the Klang Valley
SEREMBAN (July 17): In the early stages of its development, 95% of IJM Land Bhd’s Seremban 2 purchasers were from Seremban or neighbouring areas.
Yanlord-led consortium’s 33.5% stake in UEL triggers takeover
SINGAPORE (July 14): A consortium led by Yanlord Land Group and Perennial Real Estate has acquired a 33.
DONE DEAL: Casa Ria apartment, Taman Maluri, Kuala Lumpur
Sold for: RM470,000 (RM437 psf) Concluded by: Casper Yee (REN 13384) of HASB Consultants (Selangor) Sdn Bhd (016-259 1812) When: April 2017 Noteworthy: ● Leasehold (expiring March 2077) ● 1,076 sq ft ● Low-floor unit ● Facing north ● Partially furnished ● 2 bedrooms and 2 bathrooms ● Facilities: Cafeteria, covered parking, swimming pool, jogging track, playground and 24-hour security Located along Jalan Jejaka, Taman Maluri, Casa Ria was developed by Syarikat Maluri Sdn Bhd.
Sunway buys KL land from Genting chief to develop RM1.05 bil project
KUALA LUMPUR (July 13): Sunway Bhd is acquiring 4.
Najib: Sungai Buloh-Kajang MRT line to encourage more to use public transport when it starts operating on July 17
KUALA LUMPUR (July 13): Prime Minister Datuk Seri Najib Razak expects the Sungai Buloh-Kajang (SBK) MRT line, which will start operating on July 17, to encourage more to use public transport.
MPCorp surges 29% on JV to develop land in Johor
KUALA LUMPUR (July 13): Malaysia Pacific Corp Bhd (MPCorp) surged 29.
Positive signs in Singapore's industrial market
SINGAPORE’S industrial property market could bottom out soon as macroeconomic forces gather strength.
RAM revises outlook on Country Garden’s notes to stable
KUALA LUMPUR (July 12): RAM Rating Services Bhd has revised to stable from negative the outlook on its rating of Country Garden Real Estate Sdn Bhd’s (CGRE) debt notes.
