Enra Group calls off stake sale in Landmark Zone; to renegotiate
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.
JLL: Asia Pacific cities dominate world’s luxury retail destinations
PETALING JAYA (May 10): Seven out of ten cities with the highest presence of luxury retailers are in the Asia Pacific, said international real estate services firm JLL in its recently-published “Destination Retail 2016” report.
Hua Yang launches phase 2 of Ridgewood
PETALING JAYA (May 10): Hua Yang Bhd has launched the second phase of its residential development Ridgewood in Bercham, Perak, which comprises 3-storey cluster semi-detached homes, three-storey linked bungalows and three-storey bungalows, the company said in a press release today.
Kerjaya Prospek to bag contract worth RM300 mil from BCB
KUALA LUMPUR (May 9): Kerjaya Prospek Group Bhd (formerly Fututec Bhd) is set to win a contract worth RM300 million from property developer BCB Bhd to build a major high-rise project in Iskandar Malaysia, Johor, according to sources.
Mortgagee condo sales continue to climb in Singapore
AT JLL’s auction on April 28, a 1,604 sq ft unit at OUE Twin Peaks was put up for sale.
Le Creuset
Concept Le Creuset’s rainbow-coloured shop at the lower-ground level of Mid Valley Megamall is not easy to miss, even when the mall is bustling with people.
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.
