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.
Enra Group calls off stake sale in Landmark Zone; to renegotiate
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.
Hua Yang launches phase 2 of Ridgewood
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.
Kerjaya Prospek to bag contract worth RM300 mil from BCB
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.
New CEO for Berjaya Hotels & Resorts
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.
Mortgagee condo sales continue to climb in Singapore
AT JLL’s auction on April 28, a 1,604 sq ft unit at OUE Twin Peaks was put up for sale.
PROPERTY SNAPSHOT 2: What’s affordable in Cheras?
• Kuala Lumpur’s Cheras serves a middle-class population but it is seeing more exciting and upmarket properties.
RAM maintains negative outlook on property sector
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.
