How far is far?
The golden rule of property — “location, location, location” — has become almost a cliché.
PKNS delays REIT plan to 2019
KUALA LUMPUR (July 31): The Selangor State Development Corp, better known as PKNS, has postponed its initial target of establishing a real estate investment trust via its property investment unit PKNS Real Estate Sdn Bhd (PKNS RE) by 2018 to 2019, while it continues to look for good buys to raise PKNS RE’s total asset value to RM1 billion.
Contractor’s pull-out flags mounting cost pressures
KUALA LUMPUR (July 24): With billions of ringgit in mega infrastructure projects that have been and are to be awarded, the construction sector has been hailed as a bright spot in corporate Malaysia.
I-Bhd 2Q net profit up 33% to RM19.63 mil
KUALA LUMPUR (July 17): I-Bhd's net profit for the second quarter ended June 30, 2017 rose 33% to RM19.
Hua Yang 1Q net profit plunges 92.8% due to lesser ongoing projects
KUALA LUMPUR (July 13): Hua Yang Bhd saw its net profit for the first financial quarter ended June 30, 2017 (1QFY18) plunge 92.
REHDA targets RM1 bil sales at MAPEX Affordable Housing carnival
KUALA LUMPUR (July 4): The Real Estate and Housing Developers' Association (REHDA) is targeting to achieve RM1 billion in sales from around 100,000 units ranging not more than RM500,000 at its upcoming 3-day Affordable Housing Carnival — Malaysia Property Expo (MAPEX) from Aug 11 to Aug 13, 2017.
Mah Sing acquires land in Cheras and Penang, plans to develop RM2.35 bil worth of projects
PETALING JAYA (July 3): Mah Sing Group Bhd has expanded its landbank in Cheras and mainland Penang.
Sunsuria introduces one-stop concierge service
PETALING JAYA (July 3): Sunsuria Bhd has rolled out Sunsuria Concierge, a one-stop concierge service for its customers.
DONE DEAL: The Zest serviced apartment, Kinrara 9, Bandar Kinrara, Puchong
Sold for: RM572,000 (RM480 psf) Concluded by: Ken Lai Kian Yoong (REN 04845, 017-606 9056) and Lim Hui Lin (REN 11542, 018-2759199) from Polygon Properties Sdn Bhd When: April 2017 Noteworthy: ● Freehold ● Built-up: 1,191 sq ft ● Has a pool view ● Nearby amenities: restaurants, mini markets, banks, golf courses (Kinrara Golf Club, Bukit Jalil Golf Club and Mines Golf & Country Resort), shopping malls (Giant Kinrara, IOI Mall) and LRT Station along Ampang Line Extensions (between Station BK5 and Station Alam Sutera) Developed by Trinity Group of Companies, The Zest is a mixed development located in Bandar Kinrara 9, Puchong.
