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KUALA LUMPUR (May 11): Malaysia Building Society Bhd (MBSB)’s net profit for the first quarter ended March 31, 2016 (1QFY16) slumped by 71.

TAN Sri Datuk Sri Leong Hoy Kum expects the local property market to hit a turning point soon and anticipates demand to pick up in the second half.

•     Today, we continue our focus on Cheras in Kuala Lumpur by looking at average prices on a per square foot (psf) basis.

PETALING JAYA (May 10): The en-masse sale of the 7.

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.

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.

•    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.

The Edge Investment Forum on Real Estate 2016 was held on April 30 with the theme "Riding out the storm: Pitfalls to avoid".

      NUSMETRO Property Sdn Bhd believes homebuyers are looking for projects in specific locations and developments that fit their lifestyle.