PropNex leader shares tips to invest in Cheras commercial properties
Shoplots in Cheras are favoured by investors for its proximity to the city centre, but with prices about three times cheaper, says Steven Tung.
Shoplots in Cheras are favoured by investors for its proximity to the city centre, but with prices about three times cheaper, says Steven Tung.
Cheras semidee sold within 3 months | DONE DEAL Mont’Kiara condo with view of KLCC (Ooak Suites) sold | DONE DEAL Titiwangsa has seen a marked increase in average transacted prices for landed properties, with a 40.
“There’s a lot of effort going into monetising the three campuses, the hotel and the office.
“But we are now re-studying whether we could do a whole redevelopment.
"To resolve this, we have devised a plan to determine which assets LTAT should retain a larger direct shareholding in and which should remain under Boustead’s management.
The shift could free up cash as fewer funds are being channelled back to its property development activities, Chew said.
UEM Sunrise officer-in-charge and chief financial officer Hafizuddin Sulaiman: “We focus on delivering the right products to our homebuyers at the right time.
The MOU covers UEM Sunrise’s select plots of land in Gerbang Nusajaya and Puteri Harbour within Iskandar Puteri, they said.
The first phase of the development called Residensi Akasia is part of the Rumah Selangoku affordable housing scheme and offers a total of 963 units spread across two towers.