KL’s high-end condo market sees drop in rental, capital values
PETALING JAYA (May 21): The first quarter of 2015 (1Q2015) saw significant new supply of condominiums, reported DTZ Research.
PROPERTY SNAPSHOT What’s hot in KLCC?
• Today we look at price growth and indicative asking rental yields for non-landed residences in the KLCC area.
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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.
WCT may defer REIT listing plan
KUALA LUMPUR (May 20): Builder-cum-property developer WCT Holdings Bhd, which had earlier planned to set up a RM2 billion real estate investment trust (REIT) this year, may postpone the exercise until 2016.
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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.
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.
Malton bags RM208 mil contract to build Royale Pavilion Hotel
KUALA LUMPUR (May 18): Property developer Malton Bhd announced that its wholly-owned unit Domain Resources Sdn Bhd has received a letter of award for a RM208 million worth of contract from Harmoni Perkasa Sdn Bhd to build one block of Royale Pavilion Hotel, which is located along Jalan Bukit Bukit Bintang and Jalan Raja Chulan.
YTL Land and Development’s Penang Shorefront all snapped up
GEORGE TOWN (May 18): YTL Land and Development Bhd sold the final units of its low-rise condominium project – Penang Shorefront – at a preview last weekend.
‘Kitty’ homes
Li Si’en and Guerrand Lai Jiemin, or En and Rand as they prefer to be called, have always had a passion for cats.
MRT2, LRT 3 to boost properties and landbank, says AffinHwang
KUALA LUMPUR (May 18): AffinHwang Capital Research has maintained its “Neutral” rating on the property sector and said the RM25 billion Klang Valley Mass Rapid Transit Line 2 (MRT2) and RM9 billion Light Rail Transit Line 3 (LRT 3) would spur the construction sector (Overweight) growth.
