Challenging times for KLCC condo market
For most new homebuyers, properties in Kuala Lumpur City Centre (KLCC) are probably “obnoxiously overpriced” or simply “not for ordinary people”.
Malaysia to host Fiabci 66th World Real Estate Congress
PETALING JAYA (May 22): For the second time in a decade, Malaysia will host the Fiabci or International Real Estate Federation 66th World Real Estate Congress.
Resimax showcases Northern Growth Corridor project
PETALING JAYA (May 22): Resimax Group is showcasing its Northern Growth Corridor (NGC) residential project in Melbourne’s economic development zone at Mernda and Epping this weekend at InterContinental Hotel, Kuala Lumpur.
Residents have right to details of one-way loop system, PJ council told
PETALING JAYA (May 20): Former Petaling Jaya councillor Mak Khuin Weng wants the Petaling Jaya City Council (MBPJ) to provide details on the one-way loop (OWL) system under the Freedom of Information Enactment.
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KL’s office market sees capital values rise, more malls coming
PETALING JAYA (May 20): Capital values in Kuala Lumpur’s office market increased some 6% despite weaker rental rates that put yields under pressure, said analyst firm DTZ Research.
Magna Prima unit files claim for RM2.42 mil against PKNS
KUALA LUMPUR (May 20): A subsidiary of Magna Prima Bhd, Ibsul Development (Sel) Sdn Bhd, has filed a writ of summons and statement of claim against Selangor’s property development arm Perbadanan Kemajuan Negeri Selangor (PKNS), to claim special damages amounting to RM2.
PROPERTY SNAPSHOT What are developments priced in KLCC?
• Based on transactions analysed by theedgeproperty.
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DTZ: Strong investments in 1Q for KL, but uncertainties ahead
PETALING JAYA (May 19): Despite the depreciating ringgit against the US dollar in 1Q2015 and ongoing concerns on the impact of low oil prices on the Malaysian economy, the level of investment activity remained surprisingly strong for the quarter, according to DTZ Research’s “Property Times Kuala Lumpur Q1 2015: Cautious Sentiment Aggravates Uncertainties” report.
PROPERTY SNAPSHOT What’s affordable in KLCC?
• The prices of condominiums in the KLCC area reflect the prestige of living in the heart of the city.
Landmarks in JV to own two hotels in Treasure Bay Bintan
PETALING JAYA (May 19) – Landmarks Bhd, through its wholly-owned subsidiary PT Bintan Hotel Utama (PTBHU), yesterday entered into a joint-venture (JV) agreement with ML Hotel Investments Pte Ltd (ML Hotel) to develop, own and operate two global hotel chains, Mercure and ibis Budget, in Treasure Bay Bintan, Bintan Island, Indonesia.
