PROPERTY SNAPSHOT What’s hot in Sentul?
• Today we look at price growth and indicative asking rental yields for non-landed residences in Sentul.
NGO wants probe into Mara’s three other Australian property buys
KUALA LUMPUR (June 24): The government should probe Majlis Amanah Rakyat (Mara)'s three other property purchases in Australia if allegations of kickbacks in its purchase of Dudley Intenational House apartments has basis, the National Oversight and Whistleblowers (NOW) said today.
India’s top 20 residential neighbourhoods, according to JLL
KUALA LUMPUR (June 24): The southern neighbourhoods of India’s main cities are where its high-net-worth individuals (HNWI) stay, but the extremely limited new supply of homes there has resulted in HNWIs looking towards other areas to buy luxury homes, according to real estate services firm JLL India.
Kampung Baru an example why bumiputera targets not met, senate told
KUALA LUMPUR (June 24): Despite approving the Kampung Baru Development Corporation Act, "not one piece of steel" has been seen in the redevelopment of the historical Malay enclave, which sits on prime real estate in Kuala Lumpur, a senator said today.
KSL to start construction of second mall by end-2015
KUALA LUMPUR (June 23): Johor-based property developer KSL Holdings Bhd plans to start the construction of KSL City Mall 2, expected to be one of the largest shopping malls in Klang, by the end of 2015.
Strong demand for affordable housing in Penang, says analyst
GEORGE TOWN (June 23): The demands for affordable housing priced between RM200,000 and RM400,000 remained high, so there is no danger of oversupply anytime in the future, said Raine & Horne International Zaki + Partners Sdn Bhd’s senior partner Michael Geh (pictured).
Eco World ready to replicate S P Setia’s success story
Eco World Development Group Bhd (June 22, RM1.
Axis-REIT, Haisan enter into RM46 mil sale and leaseback agreement for Port Klang property
KUALA LUMPUR (June 22): Axis REIT Managers Bhd (ARMB), the manager of Axis Real Estate Investment Trust (Axis-REIT), is acquiring an industrial facility in Port Klang, Selangor from Haisan Resources Bhd for RM46 million cash on an acquisition and leaseback arrangement.
1MDB begins request for proposal process for Bandar Malaysia
KUALA LUMPUR (June 22): 1Malaysia Development Bhd (1MDB) said the request for proposal (RFP) process for its Bandar Malaysia development here has begun, with its wholly-owned subsidiary 1MDB Real Estate Sdn Bhd (1MDB RE) calling for development partners.
