An old housing estate’s potential
SOME of the older housing estates in Petaling Jaya, Selangor are like fine wine.
DONE DEAL: Glomac Centro at Kayu Ara, Petaling Jaya, Selangor
Rented for: RM1,800 Concluded by: Edmund Chin of Propstar Realty (012-339 1260) When: March 2016 Noteworthy: • Leasehold • Intermediate office unit on the first floor with washroom • Built-up area: 1,637 sq ft • Near institutes of higher education such as KDU, KBU and SEGi College; within 15 to 30 minutes’ drive to shopping malls such as 1 Utama, The Curve, IKEA and Atria Shopping Gallery • Surrounded by mature townships such as Bandar Utama, Damansara Utama and Damansara Jaya Glomac Centro is a mixed development comprising 2-storey shop offices and a block of 29-storey serviced apartments in Kayu Ara, Petaling Jaya.
Genting sues Miami authorities over slots refusal
KUALA LUMPUR (May 12): The Genting group has filed a lawsuit against authorities in the southern US state of Florida, in an apparent last-ditch effort to force the state to allow card games and slots at its Resort World Omni Center in downtown Miami, the Miami Herald reported.
Mah Sing showcases five projects in Mapex 2016
PETALING JAYA (May 12): Mah Sing Group (Mah Sing) will shine the spotlight on five of its projects at the 2016 Mapex Property Showcase which started yesterday and ends this Sunday at the 1 Utama Shopping Centre, the developer said in a press release today.
CIDB: Public projects worth RM50m and above to adopt MyCREST
KUALA LUMPUR (May 12): The Construction Industry Development Board (CIDB) said the government will be mandating that all public projects worth RM50 million and above to adopt the Malaysian Carbon Reduction and Environmental Sustainability Tool (MyCREST), in a bid to reduce carbon emissions in the construction industry.
Paramount’s 1Q earnings tumble 58.21% on lower property sales
KUALA LUMPUR (May 12): Property developer Paramount Corp Bhd saw its net profit plunge 58.
Kerjaya Prospek’s earnings visibility improves as order book fills up
EXCITEMENT over Kerjaya Prospek Group Bhd’s (formerly Fututech Bhd) new businesses has been obvious, pushing up its share price to an all-time high last week.
PHB looking at new asset class?
REAL estate investment firm Pelaburan Hartanah Bhd (PHB) seems to have had a busy 2015.
Branz Tower Wellith Shinsaibashi South Malaysian launch this weekend
PETALING JAYA (May 11): Japanese property developer Tokyu Land and property investment company NTT Urban Development Corp will launch the Branz Tower Wellith Shinsaibashi South project in Tokyo this weekend in Malaysia, said JLL Property Services (Malaysia) Sdn Bhd head of international residential property services Jazmine Goh.
MBSB's 1Q net profit slumps by 71.98% on higher impairment allowances
KUALA LUMPUR (May 11): Malaysia Building Society Bhd (MBSB)’s net profit for the first quarter ended March 31, 2016 (1QFY16) slumped by 71.
