Selangor Properties slips into the red on forex losses
KUALA LUMPUR (March 25): Selangor Properties Bhd started off its current financial year ending Oct 31, 2016 (FY16) on the wrong foot, reporting a net loss of RM16.
Bukit Bintang City Centre serviced apartments priced indicatively at RM1,600 psf
PETALING JAYA (March 24): Bukit Bintang City Centre’s (BBCC) serviced apartments – which will be open for a public preview this weekend – will be priced indicatively at RM1,600 psf, said a personnel from developer BBCC Development Sdn Bhd.
2015 household debt stays elevated
KUALA LUMPUR (March 24): The level of household debt-to-gross domestic product (GDP) ratio continued to be elevated at 89.
KL CBD office demand to outstrip new supply in 2018
PETALING JAYA (March 23): Kuala Lumpur’s central business district (CBD) office market – which includes the Kuala Lumpur City Centre (KLCC), the Golden Triangle and the city centre’s older commercial area – is expected to see higher absorption rates from 2016 to 2018, with demand expected to overtake new office supply of about 1.
Binastra Land in talks with AccorHotels for new hotel brand
PETALING JAYA (March 23): Binastra Land Sdn Bhd, a wholly-owned subsidiary of Binastra Group, is in talks with AccorHotels Group to bring in a new hotel brand to its upcoming mixed development ION at Jalan Sungai Besi, said Binastra Land executive director Datuk Ong Theng Soon.
Sentoria clinches construction contracts worth RM110m
KUALA LUMPUR (March 23): Property developer cum resort operator Sentoria Group Bhd bagged two development projects in Kuantan and Sepang that are collectively worth some RM110 million.
PROPERTY SNAPSHOT 3: What are developments priced in Kerinchi/Pantai?
• Today, we continue our focus on Kerinchi/Pantai by looking at average prices on a per square foot (psf) basis.
Thriven Global to launch Lumi Tropicana Soho suites early May
PETALING JAYA (March 22): Thriven Global Bhd plans to unveil the 2-storey Soho (small office-home office) suites of Lumi Tropicana early May this year, with indicative selling prices from RM600,000.
Beverly Group extends its reach to KL city fringe
STARTING out as a civil structure contractor, Singapore-based Beverly Group Sdn Bhd — a subsidiary of Singapore-registered Qingdao Investments Pte Ltd — became a property developer when its founder and CEO Lim Seak Koon decided to experience property development “from the other side”.
