YTL Land and Development’s Penang Shorefront all snapped up
GEORGE TOWN (May 18): YTL Land and Development Bhd sold the final units of its low-rise condominium project – Penang Shorefront – at a preview last weekend.
MRT2, LRT 3 to boost properties and landbank, says AffinHwang
KUALA LUMPUR (May 18): AffinHwang Capital Research has maintained its “Neutral” rating on the property sector and said the RM25 billion Klang Valley Mass Rapid Transit Line 2 (MRT2) and RM9 billion Light Rail Transit Line 3 (LRT 3) would spur the construction sector (Overweight) growth.
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.
