PROPERTY SNAPSHOT 4: What’s hot in Cheras?
• Today, we look at price growth and indicative rental yields for non-landed homes in Cheras, Kuala Lumpur.
Malaysia-Singapore’s DUO project topped out
PETALING JAYA (May 11): M+S Pte Ltd (M+S) – a joint venture company between Malaysia’s Khazanah Nasional Bhd and Singapore’s Temasek Holdings – held a topping-out ceremony for its DUO integrated development at the Ophir-Rochor district in Singapore, the developer said in a press statement today.
2016 Mapex Property Showcase targets 25,000 visitors
PETALING JAYA (May 11): The 2016 Mapex Property Showcase is targeting to have at least 25,000 visitors at the five-day event, the organising chairperson of Mapex 2016, Carrie Fong told TheEdgeProperty.
Branz Tower Wellith Shinsaibashi South Malaysian launch this weekend
PETALING JAYA (May 11): Japanese property developer Tokyu Land and property investment company NTT Urban Development Corp will launch the Branz Tower Wellith Shinsaibashi South project in Tokyo this weekend in Malaysia, said JLL Property Services (Malaysia) Sdn Bhd head of international residential property services Jazmine Goh.
Malaysia beats Japan and Hong Kong as China’s preferred investment destination
KUALA LUMPUR (May 11): Malaysia and Singapore were the sixth most preferred property investment countries for China investors in 2015, ahead of Japan (seventh) and Hong Kong (eighth), according to Australian property investment portal Investorist.
MBSB's 1Q net profit slumps by 71.98% on higher impairment allowances
KUALA LUMPUR (May 11): Malaysia Building Society Bhd (MBSB)’s net profit for the first quarter ended March 31, 2016 (1QFY16) slumped by 71.
LBS Bina's takeover offer of ML Global deemed not fair, not reasonable - independent adviser
KUALA LUMPUR (May 11): Property company LBS Bina Group Bhd's unconditional mandatory takeover offer of ML Global Bhd at 56 sen per share and six sen per warrants was deemed as not fair and not reasonable by independent adviser MainStreet Advisers Sdn Bhd.
Making housing more accessible
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.
I’m here to crack the whip, says TA Global’s Joo Kim
AFTER spending the most of the last seven years jetting back and forth between Vancouver, Canada, and Kuala Lumpur, the 36-year-old new CEO of TA Global Bhd, Tiah Joo Kim (pictured) — the third child and eldest son of chairman Datuk Tony Tiah and his wife Datin Tan Kuay Fong — says he is now back in town to “crack the whip” and get the group’s property projects moving.
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.
