EcoWorld’s Karisma apartments 85% sold

SEMENYIH (March 9): About 85% of Karisma apartments – a project by Eco World Development Group Bhd (EcoWorld) – were taken up since its launch on Feb 21 this year, according to the company.

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GST slowed down launches of commercial units

PETALING JAYA (March 9): The Goods and Services tax (GST) which was introduced in April last year has reduced demand for commercial properties in the market due to the additional 6% cost that buyers have to pay, said Real Estate and Housing Developers’ Association Malaysia (Rehda) deputy president Datuk Soam Heng Choon.

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These properties are most vulnerable to loan rejection

PETALING JAYA (March 9): Properties priced from RM500,001 to RM700,000 are the most vulnerable to loan rejection, according to almost a third of 159 respondents to the Real Estate Housing Developers Association of Malaysia (Rehda) property industry survey 2H2015.

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KSK’s Kempinski Hotel at 8 Conlay recognised as Entry Point Project

KUALA LUMPUR (March 9): KSK Land Sdn Bhd’s (KSK Land) Kempinski Hotel at its 8 Conlay development here was recognised by the Ministry of Tourism and Culture (MOTA) as an Entry Point Project (EPP) under the tourism National Key Economic Areas (NKEA) in Malaysia’s Economic Transformation Programme  (ETP).

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