News about d

KUALA LUMPUR (June 9): Ten property owners and residents along Jalan U-Thant have been granted leave by the High Court in Kuala Lumpur to challenge the Desa Pandan alignment of the Setiawangsa-Pantai Expressway (SPE) the malaysiakini news portal reported today.

SINGAPORE (June 9): Thai-listed Nirvana Daii PCL has signed an agreement today with Banyan Tree Group to brand the Banyan Tree Residences Riverside Bangkok, a super-luxury riverside condominium.

KUALA LUMPUR (June 9): The construction and building materials sectors are seen to be in vogue in the near future, given the planned rollout of infrastructure development in the country.

KUALA LUMPUR (June 9): Hong Leong IB Research has initiated coverage on Protasco Bhd with a “Buy” rating and target price of RM1.

KUALA LUMPUR (June 9): CIMB IB Research has initiated coverage on Selangor Properties Bhd (SelProp) at RM4.

KUALA LUMPUR (June 9): AllianceDBS Research said Crest Builder Holdings Bhd (Cresbld) had on June 8 gapped up to reach a high of RM1.

Sold for: RM420,000 (RM726psf) Concluded by: Tommy Koay (REN 07708) of Concept Property and Valuation (013-386 8108) When: February 2017 Noteworthy: ● Freehold ● Built-up area: 578 sq ft ● Developed by UOA Development Bhd ● Completed in July last year ● One bedroom and one bathroom ● Bare unit ● Comes with one car park ● Maintenance fee: 25 sens psf According to the agent, Tommy Koay of Concept Property and Valuation Sdn Bhd, the seller was an investor who bought several units at Desa Green when it was first launched and is now selling them.

KUALA LUMPUR (June 8): Malaysia Land Properties Sdn Bhd (Mayland) has launched the first phase of Dorsett Residences Sri Hartamas this evening.

PETALING JAYA (June 8): Bank of China (Hong Kong), HSBC and ING have closed one of the UK’s largest real estate financing deals by securing the finance for the acquisition of The Leadenhall Building, otherwise known as the “Cheesegrater”, a 46-storey landmark prime iconic real estate in London.

KUALA LUMPUR (June 8): IQI Holdings Sdn Bhd, a subsidiary of a Dubai-based international real estate investment company, has entered into a purchase agreement with Exsim Development Sdn Bhd to acquire 33,000 sq ft of office space valued at RM30 million at the soon-to-be launched Millerz Square project located at Old Klang Road, Kuala Lumpur.