PROPERTY and infrastructure developer Malaysian Resources Corp Bhd (MRCB) is close to securing a RM700 million work package for the Damansara-Shah Alam Highway (DASH) project, say sources with knowledge of the matter.
• While Subang and Ara Damansara are located adjacent to each other, they offer vastly different landscapes with the former dominated primarily by industrial sites and affordable housing while the latter is more affluent with gated and guarded neighbourhoods and increasingly upmarket condominiums.
KUALA LUMPUR (July 4): Many companies may have painted a gloomy outlook for the domestic property sector, but this is the sector Damansara Realty Bhd is focusing on this year in seeking to return to profitability.
• This week, the spotlight falls on the secondary market of non-landed residences in Ara Damansara and the adjacent Subang area.
PETALING JAYA (July 2): Property values in Damansara Heights — popularly known as the Beverly Hills of Kuala Lumpur — are expected to hold firm despite tough economic conditions, propped up by new property and infrastructure developments, said property experts.
• Today, we look at price growth and indicative rental yields for non-landed homes in Taman Desa.
KUALA LUMPUR (June 29): Bina Puri Holdings Bhd, whose net profit slumped 34.
KUALA LUMPUR (June 28): JAKS Resources Bhd aims to divest the newly opened Evolve Concept Mall near Ara Damansara, Selangor, within a year to further enhance its financial position.
DEVELOPED by Land & General Bhd back in the 1990s, Bandar Sri Damansara is becoming increasingly affluent.
Glomac Bhd (June 20, 78 sen) Maintain hold with an unchanged target price (TP) of 76 sen: Glomac Bhd’s financial year ended April 30, 2016 (FY16) year-on-year (y-o-y) core net profit growth of 28% came in as per our expectations but below consensus.
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