Weak market sentiment, developers, holding back launches

The Klang Valley residential market continued to slump for the second quarter of 2015 (2Q2015) in the aftermath of the implementation of the Goods and Services Tax (GST) in April, coupled with the weakening of the ringgit, which have tightened domestic spending.

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Urban regeneration key to growth, says minister

KUALA LUMPUR (Sept 29): Revitalising the older parts of the city that are no longer economically viable is the only way to accommodate the continual growth of the city, said the deputy Federal Territories minister Datuk Loga Bala Mohan at the opening ceremony of the 7th International Conference on World Class Sustainable Cities (WCSC) 2015 today.

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Brem sees flat earnings growth in FY16

KUALA LUMPUR (Sept 29): Midsize property developer Brem Holding Bhd, which is expecting the financial year ending March 31, 2016 (FY16) to see flat year-on-year earnings growth, said its civil engineering and construction segment would drive the company’s earnings going forward as its property segment faces a slowdown in sales.

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Parkfield Residences 2-storey terraced houses 70% sold

KAJANG (Sept 29): Tropicana Heights Kajang’s second phase, Parkfield Residences, has seen a take-up rate of over 70% and 50% for its 2-storey terraced houses and 3-storey linked semi-detached houses respectively, said Tropicana Corp Bhd executive director Kelvin Choo.

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