Property market report 2014: Residential segment transactions up 0.4% in volume and 13.9% in value
SELANGOR (April 14): The residential property segment continued to drive the national property market, accounting for 64.
SELANGOR (April 14): The residential property segment continued to drive the national property market, accounting for 64.
KUALA LUMPUR (April 14): In a note today, Maybank IB Research said property transactions in Johor had plummeted 33% q-o-q in 4Q14, underperforming the country (-7%) and other major cities/states such as Kuala Lumpur (-12%), Selangor (+2%) and Penang (+8%).
KUALA LUMPUR (April 14): Sunsuria is enlarging its effective landbank on hand from 4.
KUALA LUMPUR (April 14): AmFIRST Real Estate Investment Trust (AmFIRST REIT) is expected to make its first investment in the north through the acquisition of a retail asset in Seberang Prai, Penang — owned by established multi-format retailer Mydin Mohamed Holdings Bhd — for an estimated RM250 million.
KUALA LUMPUR (April 13): Selangor Dredging Bhd (SDB) is buying three pieces of freehold land in Serdang for RM80 million, which it plans to develop into a low to high-rise residential development.
KUALA LUMPUR (April 13): CapitaLand Ltd’s wholly-owned subsidiary, Ascott Ltd, unveiled a 253-unit serviced residence in Kota Kinabalu, Sabah today.
KUALA LUMPUR: Ewein Bhd, which is developing its first property project valued at RM800 million at Bandar Tanjong Pinang, Penang in a joint venture (JV) with Consortium Zenith BUCG Sdn Bhd (CZBUCG), is looking to bag the next parcel of land the latter will be offering for development there.
SEOUL (April 11): Petaling Jaya (PJ) was awarded the first ever title of Malaysia’s National Earth Hour Capital in the recently concluded WWF’s Earth Hour City Challenge (EHCC).
KUALA LUMPUR (April 10): Selangor Properties Bhd is replenishing its landbank to undertake more residential projects.