News about l

DEVELOPERS have begun to make adjustments to mitigate the slowdown in Iskandar Malaysia’s property market.

•    Today, we look at price growth and indicative asking rental yields for non-landed residences in Klang.

KUALA LUMPUR (Nov 11): The trustee of Axis Real Estate Investment Trust (Axis-REIT), RHB Trustees Bhd, has signed a sale and purchase agreement with Axis AME IP Sdn Bhd to acquire four plots of freehold land in Johor for RM61 million.

THE prime tract that Titijaya Land Bhd and its joint-venture partner Amona Development Sdn Bhd are eyeing is located near Berjaya Times Square in Imbi — within a 2km radius of the upcoming Tun Razak Exchange (TRX) — sources say.

PETALING JAYA (Nov 11): Despite instructions from Petaling Jaya City Council (MBPJ) to developers to begin constructing roads in Damansara Damai on Friday, residents are demanding Selangor Menteri Besar Azmin Ali intervene because no work has started.

KUALA LUMPUR (Nov 11): Taiwan Land Development Corporation (TLDC) has launched its Hualien Residences on the east coast of the country by unveiling a 1,000 sq m show unit designed by Danish architecture firm Bjarke Ingels Group (BIG).

KUALA LUMPUR (Nov 11): Naza Group launched its 50-storey new Naza Tower headquarters on Monday, officiated by prime minister Datuk Sri Mohd Najib Tun Razak.

Malaysian Resources Corp Bhd (MRCB) Nov 9 (RM1.

KUALA LUMPUR: S P Setia Bhd, the country’s biggest listed developer by sales, will be submitting its proposal for the old Royal Adelaide Hospital (RAH) site in Australia early next year.

This is the third in a series of four snapshots on Klang.