News about l

PETALING JAYA (June 25): As at 10.

PETALING JAYA (June 24): Eco World International Bhd (EWI) sees a “silver lining” for savvy investors in the UK referendum’s surprising “Leave” outcome, as it marks the end of protracted uncertainty while the consequent weakening of the pound sterling will encourage foreign investment in the property market.

PETALING JAYA (June 24): The annual National Real Estate Awards (NREA), which is organised by the Malaysian Institute of Estate Agents (MIEA), is now open for submissions.

PETALING JAYA (June 24): The UK’s decision to leave the European Union (Brexit) may have some impact in the near term, but IJM Corp Bhd chief executive officer and managing director Datuk Soam Heng Choon said it will not have any material long-term impact on subsidiary IJM Land Bhd.

PETALING JAYA (June 24): The UK’s decision to leave the European Union (Brexit) is expected to have minimal impact on the country’s economy and property market, said Jupiter Securities Sdn Bhd head of research Pong Teng Siew.

KUALA LUMPUR (June 24): Sime Darby Bhd has disposed of its entire interest in Hotel Equatorial Melaka to Permodalan Nasional Bhd (PNB) for RM55.

KUALA LUMPUR’S Cheras is known as a food haven and it houses one of the largest night markets in the city offering a variety of street food.

Sold for: RM2,494,000 (RM1,294 psf) Concluded by: Braxton Lim (REN 08029) of City Crest Realtors (012-635 8348) When: March 2016 Noteworthy: • Freehold • 1,927 sq ft • Partly furnished with built-in wardrobe and kitchen cabinets • Developed by Monoland Corp Sdn Bhd • 36 storeys • 245 units in total • 30 sen psf maintenance fee • Each unit comes with a private lift lobby According to City Crest Realtors negotiator Braxton Lim who brokered the deal, the unit was bought by an investor.

SINGAPORE (June 22): GuocoLand on Wednesday announced that 70% of retail space at Tanjong Pagar Centre has been taken up, ahead of the development’s scheduled completion in 3Q16.