Mitraland unveils first overseas project
EVERYONE is talking about the coming of another economic downturn, locally and globally.
Developing in underserved markets overseas
IN a bid to sustain itself in a sluggish local property market, BRDB Developments Sdn Bhd has turned its attention to other parts of the world.
Area Management builds Malaysia’s first inner-city mega distribution hub
KUALA LUMPUR (March 26): Real estate private equity and advisory firm Area Management Sdn Bhd is building Area Logistics here, the country’s first inner-city mega distribution hub with 1.
DONE DEAL: Cluster house at Kota Emerald West, Rawang
Sold for: RM685,000 Concluded by: Des Yap of Vivahomes Realty (016-220 2209) When: December 2015 Noteworthy: • Built up: 1,900 sq ft • Land area: 3,053 sq ft • Corner lot • Unfurnished • 4 bedrooms and 3 bathrooms • Gated-and-guarded scheme • 3km to Rawang Aeon and McDonald’s Kota Emerald West consists of 2-storey terraced houses and cluster houses (semi-detached homes that comprise four homes joined together, resulting in each house becoming a corner house).
2015 household debt stays elevated
KUALA LUMPUR (March 24): The level of household debt-to-gross domestic product (GDP) ratio continued to be elevated at 89.
20 investment projects confirmed for China-Malaysia Qinzhou Industrial Park
PETALING JAYA (March 21): As at the end of January, China-Malaysia Qinzhou Industrial Park (CMQIP) in Nanning, China, had confirmed that 20 investment projects would be set up in the start-up area of the industrial park, according to S P Setia Bhd executive vice president Datuk Koe Peng Kang.
BRDB to launch RM2b worth of local and international projects
KUALA LUMPUR (March 19): BRDB Developments Sdn Bhd plans to launch RM2 billion worth of projects this year – namely in TamanSari in Rawang, Selangor, the Defense Raya Golf and Country Club (DRGCC) in Lahore, Pakistan, and Gateway Wollongong in New South Wales, Australia.
PROPERTY SNAPSHOT 1: Bangsar average price unchanged
• This week, the spotlight falls on the secondary market of non-landed residences within the highly popular neighbourhood of Bangsar.
Auction market an avenue for more than just distressed properties
KUALA LUMPUR (March 12): The auction market has the potential to become an avenue to market non-distressed properties with some classy and creative sales strategies, said an auction market expert.
Affordable housing not affordable to build
PETALING JAYA (March 11): Close to a third of 159 respondents to the Real Estate Housing Developers Association (Rehda) Property Industry Survey 2H2015 agree that the main issue with affordable housing is the increased overall cost of doing business.
