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.
PROPERTY SNAPSHOT 4: What’s hot in KLCC?
• Today, we look at price growth and indicative asking rental yields for non-landed residences in KLCC.
Malaysia’s property market may see recovery at year-end, says economist
PETALING JAYA (March 9): The Malaysian property market is expected to see some signs of recovery by this year-end, supported by an improving local economy and market sentiment.
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.
Sansiri unveils flagship THB8.5 billion luxury condominium in Bangkok
BANGKOK (March 9): Thai developer Sansiri Public Co Ltd today unveiled its THB8.
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.
80% of Taman Idaman Murni 2 semi-dees taken up
SEPANG (March 9): Sin Hee Yang Property Management Sdn Bhd’s first project this year, Taman Idaman Murni 2 at Bandar Baru Salak Tinggi, Sepang, has achieved 80% sales, according to director Loo Chee Yang.
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).
Rehda: Developers remain pessimistic on 1H2016
PETALING JAYA (March 9): Almost 70% of 159 respondents to the Real Estate Housing Developers Association of Malaysia (Rehda) property industry survey 2H2015 remained pessimistic on the property market for 1H2016.
Total Sports Asia to boost Bukit Jalil sports complex’s value
KUALA LUMPUR (March 9): Total Sports Asia (TSA), a pioneer in the sports marketing industry in Asia, has been appointed by Malaysia Stadium Corporation (PSM) to strategise and oversee the commercialisation of Kuala Lumpur Sports City (KL Sports City), which will include the redevelopment of Bukit Jalil National Sports Complex.
