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.
Malaysia’s 2015 property market records decline in transaction value, volume
Property sector Maintain neutral: According to the National Property Information Centre, Malaysia’s property market recorded an 8% decline in transaction value and a 5.
Urbane living
AMPANG Jaya is one of the older suburbs in Kuala Lumpur that has been able to retain its idyllic verdant surroundings.
High-rises in Kuching on the rise
DESPITE obtaining city status in 1988, Kuching’s skyline is still relatively short of tall buildings and skyscrapers.
The property sector’s wish list for new BNM governor
PETALING JAYA (May 7): A new man is in charge.
MWE intends to sell 9 parcels of land, golf club stake to trim debts
KUALA LUMPUR (May 6): MWE Holdings Bhd intends to sell nine parcels of leasehold lands and its entire stake in MWE Golf & Country Club Bhd to Newfields Land Sdn Bhd’s wholly-owned subsidiaries for RM55 million and RM1 respectively.
Two high-end Singapore homes sold at over S$1 mil loss
SINGAPORE (May 4): The recent top three unprofitable deals on existing housing chalked up losses close to S$5 million (RM14.
LBS Bina expects sales cancellation rate of 30% this year
KUALA LUMPUR (May 4): Property developer LBS Bina Group Bhd expects 30% of its overall project sales to be cancelled this year — the same ratio it saw last year — due mostly to buyers failing to obtain loans following cooling measures for the property market that were introduced by the central bank.
Ho Hup bags RM58 mil West Coast Expressway subcontract
KUALA LUMPUR (May 4): Ho Hup Construction Co Bhd has won a RM58 million subcontract to undertake structures and bridge works in Perak, which are part of the West Coast Expressway.
