News about en

KUALA LUMPUR (Sept 7): Vizione Holdings Bhd is looking at the possibility of paying dividends to shareholders from as early as the next financial year ending May 31, 2019 (FY19), said its group managing director Datuk Ng Aun Hooi.

KUALA LUMPUR (Sept 6): Property developer LBS Bina Group Bhd announced it will be buying Gerbang Mekar Sdn Bhd, the mall owner and operator of the M3 Mall in Gombak, for which it will be paying RM105 million in cash and kind, to enter the retail business.

At Le Nouvel Ardmore, a 4,004 sq ft, four-bedroom unit on the seventh floor of the 33-storey luxury ­condo tower was sold for S$16 million (RM50.

KUALA LUMPUR (Sept 5): The authorities are ramping up action against condo and apartment owners defaulting on maintenance payments — by raiding their units and seizing movable items, The Star reported today.

SINGAPORE (Sept 5): The Ministry of National Development has raised the development charge (DC) rates for land use groups: commercial; landed residential; and non-landed residential for the period of Sept 1 to February 28, 2018.

With LED lights outlining the hexagonal pattern on its façade, integrated development DUO, designed by German architect Ole Scheeren, stands out amid ­other architectural landmarks in the Ophir-Beach Road area.

Transactions in the Good Class Bungalow (GCB) segment — the crème de la crème of luxury houses — have picked up pace.

PETALING JAYA (Sept 2): Currency market movements can have a significant impact not only on the return provided by an overseas asset, but also on the flow of international capital into property markets, said global property consultancy Knight Frank.

Sold for: RM290,000 (RM341 psf) Concluded by Raymond Yii (REN 20381) of BT Properties (011-3315 4820) When: March 2017 Noteworthy: ● Freehold ● Low density ● 3-bedroom and 2-bathroom unit ● Built-up: 849 sq ft ● Gated-and-guarded with card system boom-gate ● Two open parking bays According to Raymond Yii of BT Properties Sdn Bhd, who concluded the deal, the seller was an investor who owns several properties in Setia Alam, Selangor.

SINGAPORE (Aug 31): Singapore-based Frasers Centrepoint Trust (FCT) has subscribed for its full allocation in the renounceable rights issue of associate Hektar REIT, theedgesingapore.