Are you ready for the year of the Fire Monkey?
FROM a feng shui perspective, it’s going to be one heck of a roller-coaster ride.
AmProp’s 3Q net profit falls 9.4% to RM5.33 mil
KUALA LUMPUR (Feb 5): Amcorp Properties Bhd’s (AmProp) net profit for the third quarter ended Dec 31, 2015 (3QFY16) fell 9.
The waiting game in Johor Bahru
DESPITE its proximity to Singapore, the Johor Bahru property market had never received the same kind of attention as the Klang Valley or Penang markets until the launch of the Iskandar Malaysia development corridor in 2006.
Call for greater clarity on RM300,000 limit for first-time home buyers
KUALA LUMPUR (Feb 4): International property consultancy firm Rahim & Co is hoping a guideline will be provided on the newly-imposed limit on sales of new homes priced up to RM300,000 for first-time home buyers.
DONE DEAL: Koi Kinrara serviced apartment, Bandar Puchong Jaya, Puchong
Sold for: RM438,000 or RM409psf Concluded by: Stanley Hang of MIP Properties (012 735 5110) When: Nov 15, 2015 Noteworthy: * Freehold * Block B * 1,072 sq ft, three bedrooms and two bathrooms * Cafeteria, restaurant, squash court, gymnasium, sauna room, wading pool, children’s playground, business centre and function room *IOI Mall and future MRT station within 5 to 6-minute drive; IOI Boulevard, Columbia Hospital, Tesco and Setiawalk nearby; easy access to Bandar Sunway through Damansara-Puchong highway.
Tabung Haji not selling TRX land but developing it into high-end apartments
KUALA LUMPUR (Feb 4): Lembaga Tabung Haji said it will be developing the 1.
Knight Frank: European office take-ups expected to rise by 10% this year
LONDON (Feb 4): The aggregate take-up for European office space is expected to rise by 10% this year on the back of resilient demand and shortage of office space supply, said global property services firm Knight Frank.
Selangor Prop buys four parcels of land to develop high-end villas
KUALA LUMPUR (Feb 4): Selangor Properties Bhd (Selangor Prop) has acquired four parcels of land, measuring a total of 5,253 sq m in Kuala Lumpur for RM32.
UMLand-UEM Sunrise JV to launch project by end-2016
ISKANDAR (Feb 4): Nusajaya Consolidated Sdn Bhd (NCSB), a 50:50 joint-venture (JV) company between United Malayan Land Bhd (UMLand) and UEM Sunrise Bhd, will be launching its mixed development, The Waves, in Puteri Harbour, Johor, by year-end.
Challenges amid a slowing market in Kota Kinabalu
SABAH, in particular its capital Kota Kinabalu, was not spared the effects of the cooling measures introduced to curb escalating property prices, resulting in a slower property market last year, with fewer transactions and launches.
