PETALING JAYA (July 26): As residential property leasing market becomes challenging in the Kuala Lumpur city centre due to oversupply, Knight Frank Malaysia observed more owners turning to short-term leasing for higher yield in 1H18.
PETALING JAYA (July 1): Hong Kong’s red-hot property market has driven away fears of hongza – “haunted” apartments where tragic deaths took place – as buyers seek cheaper deals amid escalating prices and punishing taxation meant to curb price growth, reported Reuters.
PETALING JAYA (June 29): The Malaysia property market is expected to see a surge in supply of residential properties in the near future as the number of unsold residential units from launched projects that are under construction and those yet to be constructed, have climbed in 1Q2018.
KUALA LUMPUR (May 24): Property developer UOA Development Bhd saw its net profit for the first financial quarter ended March 31, 2018 (1QFY18) fall 34% year-on-year to RM32.
PETALING JAYA (April 17): Some five acres of recreational land in Taman Cantik, Cheras, have allegedly been converted into development land just a day before Parliament was dissolved on April 7, reported The Malay Mail Online.
KUALA LUMPUR (April 13): MCT Bhd plans to build some 1,400 serviced apartments on a 9.
KUALA LUMPUR (March 24): Pesona Metro Holdings Bhd has secured a contract worth RM216.
KUALA LUMPUR (March 21): Pasukhas Group Bhd has bagged construction works worth a combined RM41.
PETALING JAYA (March 2): Four Seasons Hotel Kuala Lumpur is targeted for a mid-2018 opening, reported NST Property.
KUALA LUMPUR (Feb 21): UOA Development Bhd's net profit for the fourth quarter ended Dec 31, 2017 (4QFY17) fell 45% to RM191.
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