PROPERTY SNAPSHOT 1: Kerinchi/Pantai average price at RM518 psf in 1Q2015
• This week, the spotlight falls on the secondary market of non-landed residences in Kuala Lumpur’s Bangsar South, Pantai and Kerinchi areas.
BRDB to launch RM2b worth of local and international projects
KUALA LUMPUR (March 19): BRDB Developments Sdn Bhd plans to launch RM2 billion worth of projects this year – namely in TamanSari in Rawang, Selangor, the Defense Raya Golf and Country Club (DRGCC) in Lahore, Pakistan, and Gateway Wollongong in New South Wales, Australia.
Looming supply casts shadow on subdued market
THE Kuala Lumpur and beyond Kuala Lumpur (Selangor) office market remained stationary in 4Q2015, with looming supply casting a shadow on rental and occupancy rates.
PROPERTY SNAPSHOT 4: What’s hot in Bangsar?
• Today, we look at price growth and indicative asking rental yields for non-landed homes in Bangsar.
Servcorp launches 14,000 sq ft serviced offices in Menara Ilham
KUALA LUMPUR (March 16): Servcorp Malaysia has launched its new serviced office suites and virtual offices here in Menara Ilham along Jalan Binjai today.
IJM Land to launch final block of Kalista 2 and 2-storey superlink houses in 2Q2016
PETALING JAYA (March 16): IJM Land Bhd will be launching Block A, the final block of Kalista 2 @ Seremban 2 executive apartments, and 183 units of 2-storey linked houses called Rimbun Irama in 2Q2016, said IJM Land’s central region senior manager for property development Hoo Kim See.
26% of Malaysian UHNWIs consider leaving Malaysia
KUALA LUMPUR (March 15): About 26% of Malaysian ultra high net worth individuals (UHNWIs) are considering changing domiciles – the second highest rate in the world after China, at slightly over 30% – said Knight Frank Malaysia managing director Sarkunan Subramaniam.
Sarawak state govt abolishes quit rent
KUCHING (March 15): Sarawak Chief Minister Tan Sri Adenan Satem today announced that the state government had abolished payment of certain land quit rents.
Selangor freezes applications for serviced apartment, Soho and Sovo
Property sector Maintain neutral: According to news reports, the Selangor state government will freeze the approval for all applications of new property projects involving serviced apartment, small office home office (Soho), and small office versatile office (Sovo) submitted after Jan 1, 2016.
Mah Sing to renegotiate land buy terms
KUALA LUMPUR (March 15): Mah Sing Group Bhd, the country’s second-largest property developer by sales value, said it will discuss with Great Doctrine (M) Sdn Bhd to renegotiate the terms of the sale and purchase agreement (SPA) for the proposed acquisition of a 85.
