PROPERTY SNAPSHOT 1: A lull for Ampang property
This week the spotlight falls on non-landed residential properties in the Ampang municipality in Selangor.
Ampang Park owners get another option to land acquisition
KUALA LUMPUR (Oct 16): Mass Rapid Transit Corporation (MRT Corp) has given an alternative solution to the owners of the Ampang Park Shopping Centre who are facing compulsory acquisition of the land in Jalan Ampang, Kuala Lumpur.
Kuala Lumpur’s Ampang Park Shopping Centre to make way for MRT station
KUALA LUMPUR (Oct 13): Ampang Park Shopping Centre, one of the oldest shopping centres in Kuala Lumpur, will soon be demolished to make way for the Ampang Park Mass Rapid Transit (MRT) Station.
MRCB, George Kent fall after Putrajaya urged to reconsider LRT3's PDP appointment
KUALA LUMPUR (Sept 14): Shares of Malaysian Resources Corporation (MRCB) and George Kent (M) Bhd fell today, after Putrajaya was urged to reconsider the appointment of the two companies as the project delivery partner (PDP) for Light Rail Transit 3 (LRT3) project.
MRCB-George Kent’s win with RM11.5 billion LRT3 bid shocking, say industry insiders
KUALA LUMPUR (Sept 14): Putrajaya has been urged to reconsider its decision to appoint Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd as its project delivery partner for the Light Rail Transit 3 (LRT3) from Bandar Utama to Klang.
Land and General faces up to 20% cost increase for future projects
KUALA LUMPUR (Sept 9): Property developer Land and General Bhd (L&G) has admitted that the weakening ringgit against the US dollar will have an increase development cost for their future projects, if the situation has not abated.
183 Ampang up for sale
TWO prominent businessmen are looking at divesting 183 Ampang, a six-year-old residential project located close to two major roads in Kuala Lumpur — Jalan Ampang and Jalan Tun Razak — possibly for as much as RM2,400 psf or RM317 million.
DONE DEAL: Summer Suites small office/flexible office
Rented for: RM1,700 Concluded by: Mori Ng of Greenfield Properties (010 220 4482) When: August 2015 Noteworthy: - Partially furnished with air conditioning units, kitchen cabinets, refrigerator and microwave - Built-up area: 493 sq ft, 1 bathroom - Accessible via Jalan Sultan Ismail and the Ampang-Kuala Lumpur elevated highway.
JMR Conglomeration to launch Marvel View in Butterworth by year end
PENANG (Aug 20): JMR Conglomeration Bhd will launch its commercial development named Marvel View in Butterworth at the end of this year, according to a report carried by the digitaledge Daily today.
Abandoned hotel project in KL may be revived
EFFORTS to revive a stalled project located on a prized piece of land at the junction of Jalan Ampang and Jalan Sultan Ismail Kuala Lumpur — which was once earmarked for The Grand Duta Hyatt Hotel — appear to have been re-mobilised.
