PROPERTY SNAPSHOT 1: Tropicana/Sunway Damansara market stable
• This week, the spotlight falls on the secondary market of non-landed residences in Tropicana and Sunway Damansara in Selangor.
Growth amidst a slowdown
WHILE many continue to be cautious about the property market due to the weak market sentiment over the past two years and while lending guidelines remain tight, investors may be encouraged to know that there are some condominiums selling below RM500,000 that saw double-digit capital growth last year on the secondary market.
Hua Yang’s lakeside homes receive CCC
BANDAR UNIVERSITI SERI ISKANDAR, PERAK (June 9): Hua Yang Bhd has obtained the certificate of completion and compliance (CCC) for D’ecolake, its residential project in Bandar Universiti Seri Iskandar (BUSI), Hua Yang’s fast-growing 777-acre (314ha) township in Perak.
EcoWorld: Award for 449.64-acre land in Batu Kawan rescinded
KUALA LUMPUR (June 8): Eco World Development Group Bhd (EcoWorld) has agreed with the Penang Development Corp (PDC) to rescind a letter of award dated March 26, 2015 for the purchase and development of 449.
Prime Central London property price up 4.7% in 1Q
PETALING JAYA (June 8): Prime Central London (PCL) property data for 1Q2016 reflects an encouraging start to the year, with prices rising by 4.
Mammoth to sell Empire Shopping Gallery at the right price
PROPERTY developer cum owner and operator of hotels and malls Mammoth Empire Holdings Sdn Bhd (MEH) is ready to divest Empire Shopping Gallery in Subang Jaya, Selangor, should it receive a desirable and concrete offer.
Trion Kuala Lumpur to target local buyers
CHAN Sow Lin, an industrial area in Kuala Lumpur, has seen plenty of interest from developers in recent years.
‘Higher funding costs prompt banks to revise BR, BLR rates’
KUALA LUMPUR (June 2): Higher costs of funding prompted some banks to raise their base rates (BR) and base lending rates (BLR) recently, the first time since January 2015, when the BLR structure was replaced with a new BR system.
UOA inks MoU with China hospitality company
PETALING JAYA (June 1): UOA Hospitality Sdn Bhd (UOA Hospitality), a unit of UOA Development Bhd, has inked a memorandum of understanding (MoU) with Hubei Chutian Media & Hotel Investment Management Co Ltd (Hubei Chutian) for a long-term partnership that involves resource sharing, complementary advantages and exploration of new markets, UOA Hospitality announced in a media statement today.
Fewer but bigger LRT3 packages to go around
THE RM9 billion worth of jobs to be awarded under the third light rail transit (LRT) line project by the end of the year has been one of the bigger catalysts in the pipeline for the construction industry.
