PROPERTY SNAPSHOT 1: Dutamas average price up 6.6% y-o-y
• This week, the spotlight falls on the secondary market of non-landed residences within the growing suburb of Dutamas, neigbouring Mont’Kiara in Kuala Lumpur.
EcoWorld's Majestic Bazaar racks up RM100,000 sales in three hours
SEMENYIH (March 27): Eco World Group Bhd (EcoWorld) sold half of the furniture, home decoration items, and electronic and electrical appliances – valued at RM100,000 – used at some of its show units at its Eco Majestic sales gallery here in the first three hours of its Majestic Bazaar event here today.
Newer homes expected to go under the hammer by year-end
THE auction market may offer some good property deals later this year, including new properties that were sold under the Developer Interest Bearing Scheme (DIBS) a few years ago.
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.
UEM Sunrise Verdi condominium topped out
PETALING JAYA (March 25): UEM Sunrise Bhd has completed the topping out for its condominium project, Verdi “eco-dominiums”, in its Symphony Hills development in Cyberjaya, Selangor, the group said in a press statement today.
AZRB wins RM1.44b MRT viaduct project contract
KUALA LUMPUR (March 25): Ahmad Zaki Resources Bhd has been awarded the first viaduct work package for the construction of the Mass Rapid Transit (MRT) Sungai Buloh-Serdang-Putrajaya (SSP) Line, worth RM1.
Selangor Properties slips into the red on forex losses
KUALA LUMPUR (March 25): Selangor Properties Bhd started off its current financial year ending Oct 31, 2016 (FY16) on the wrong foot, reporting a net loss of RM16.
Gamuda’s 2Q profit falls 12% to RM160.11m
KUALA LUMPUR (March 25): Gamuda Bhd, which is involved in construction and property as well as water concessions, saw a 12% drop in net profit in its second financial quarter ended Jan 31, 2016 (2QFY16) to RM160.
Bukit Bintang City Centre serviced apartments priced indicatively at RM1,600 psf
PETALING JAYA (March 24): Bukit Bintang City Centre’s (BBCC) serviced apartments – which will be open for a public preview this weekend – will be priced indicatively at RM1,600 psf, said a personnel from developer BBCC Development Sdn Bhd.
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.
