PROPERTY SNAPSHOT Prices in KLCC stagnate
• This week, the prime Kuala Lumpur City Centre (KLCC) area takes centre stage.
Retail market to slow into 2015
KUALA LUMPUR (May 16): The retail market will see a continuous slowdown due to weakened market sentiment caused by the recently implemented Goods and Services Tax (GST), said Savills Malaysia managing director, Allan Soo.
Buoyant Brickfields
The landscape of Kuala Lumpur’s Brickfields neighbourhood has evolved dramatically since Malaysian Resources Corp Bhd (MRCB) first planned to build the 72-acre transit-oriented and integrated development KL Sentral in the area in 1996.
Mulpha Land plans private placement for land buy, pay debt
KUALA LUMPUR: Property developer Mulpha Land Bhd plans to undertake a private placement of up to 10% of its issued share capital to finance a land acquisition, repay borrowings and as its working capital.
Kimlun buys Johor land for RM28.3 mil to build residential properties
KUALA LUMPUR (May 13): Kimlun Corp Bhd is acquiring land in Kota Tinggi, Johor for RM28.
Sunway proposes RM1.8 bil mixed development in Kelana Jaya
PETALING JAYA (May 12): Sunway Bhd is proposing a mixed development across 17 acres in Kelana Jaya, with an estimated gross development value (GDV) of RM1.
Kelantan property market moderates
KUALA LUMPUR (May 12): The Kelantan property market was moderate in 2014, with 9,425 transactions totalling RM1.
WCT to focus on current launches, land value enhancement
KUALA LUMPUR (May 11): WCT Holdings Bhd will embark on a strategy to focus on demand oriented property sales and land value enhancement, said WCT deputy managing director Goh Chin Liong (pictured) as reported in The Edge Financial Daily today.
UOA Development slows new launches
PETALING JAYA (May 8): UOA Development Bhd has planned four new launches this year worth RM1.
