PROPERTY SNAPSHOT 3: What are developments priced in Cheras?
• Today, we continue our focus on Cheras in Kuala Lumpur by looking at average prices on a per square foot (psf) basis.
• Today, we continue our focus on Cheras in Kuala Lumpur by looking at average prices on a per square foot (psf) basis.
KUALA LUMPUR (May 10): Enra Group Bhd [formerly Perduren (M) Bhd] said it has mutually agreed to terminate a share sale agreement (SSA) with Meridian Hectares Sdn Bhd to dispose of a 30% stake in property developer Landmark Zone Sdn Bhd to the latter for RM13.
PETALING JAYA (May 10): Hua Yang Bhd has launched the second phase of its residential development Ridgewood in Bercham, Perak, which comprises 3-storey cluster semi-detached homes, three-storey linked bungalows and three-storey bungalows, the company said in a press release today.
KUALA LUMPUR (May 9): Kerjaya Prospek Group Bhd (formerly Fututec Bhd) is set to win a contract worth RM300 million from property developer BCB Bhd to build a major high-rise project in Iskandar Malaysia, Johor, according to sources.
KUALA LUMPUR (May 10): Berjaya Hotels & Resorts Sdn Bhd said in a statement yesterday it had appointed Hanley Chew (pictured) as its chief executive officer (CEO), effective April 1.
AT JLL’s auction on April 28, a 1,604 sq ft unit at OUE Twin Peaks was put up for sale.
• Kuala Lumpur’s Cheras serves a middle-class population but it is seeing more exciting and upmarket properties.
KUALA LUMPUR (May 9): RAM Rating Services Bhd has maintained its negative outlook on the Malaysian residential property sector as well as the office and retail sub-segments in Kuala Lumpur and Selangor this year.