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KUALA LUMPUR (Nov 24): Genting Bhd’s earnings for the third financial quarter ended Sep 30, 2017 (3QFY17) went down 66.

Sold for: RM640,000 (RM605 psf) Concluded by: Teoh Peng Peng (PEA1696) of Hartamas Real Estate Sdn Bhd (018-206 7122) When: June 16, 2017 Noteworthy: ● Freehold ● 1,057 sq ft ● Three bedrooms and two bathrooms ● Partly-furnished with kitchen cabinet ● Facilities include swimming pool, gym room, children’s playground, 24-hour security and cafeteria ● Accessible via Damansara-Puchong Expressway (LDP), Sprint Expressway, Federal Highway and Jalan Universiti Located within Petaling Jaya’s vibrant SS2 neighbourhood, Ken Damansara 3 is a freehold condominium developed by Ken Holdings Bhd.

KUALA LUMPUR (Nov 23): Gabungan AQRS Bhd reported an 83% surge in net profit to RM9.

KUALA LUMPUR (Nov 23): The White Rabbit — Home for Marginalised Children in Thane, India is the gold winner for the LafargeHolcim Awards 2017 Asia Pacific region.

KUALA LUMPUR (Nov 23): The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) supports the government in imposing a freeze on the development of buildings, but it is of the view that it should not be a country-wide blanket freeze.

KUALA LUMPUR (Nov 23): Five established developers — S P Setia Bhd (SP Setia), Eco World Development Group Bhd (EcoWorld), Mah Sing Group Bhd, Gamuda Land and Sime Darby Property — are participating in Maybank Islamic Bhd's HouzKEY, the first bank-initiated rent-to-own (RTO) product in Malaysia.

KUALA LUMPUR (Nov 23): To encourage more financial institutions to offer rent-to-own (RTO) as an alternative home financing solution, the government will grant a 100% stamp duty exemption on the sale and purchase agreements (SPA) to homebuyers who attain homeownership under these schemes.

Forking out the 10% to 15% down payment for a home and securing a home loan often pose quite a challenge to homebuyers.

KUALA LUMPUR (Nov 23): Putrajaya’s order to freeze approvals for shopping complexes, offices, serviced apartments and luxury condominiums priced above RM1 million applies to the entire nation, clarified Minister of Finance II Datuk Seri Johari Abdul Ghani.

KUALA LUMPUR (Nov 23): Ekovest Bhd said it has a tender book of more than RM5 billion worth of jobs todate, and this is expected to keep it busy for the next three to five years.