EdgeProp.my’s Malaysia Virtual Property Expo 2017 is MARKies finalist
PETALING JAYA (April 6): EdgeProp.
Alpha fund sells Shanghai International Plaza to LaSalle
SINGAPORE (April 6): Alpha Asia Macro Trends Fund II (AAMTF II) has sold Shanghai International Plaza, an office-and-retail property, to LaSalle Investment Management.
DONE DEAL: Semi-detached industrial factory, Seksyen 32, Shah Alam
Rented for: RM14,500 a month Concluded by: Eric Mok (PEA 1617) of Ping Properties (012-388 0356) When: October 2017 Noteworthy: ● Land size: 15,000 sq ft ● Built up: 7,490 sq ft ● Empty unit ● 2-storey ● Lease started in January According to Ping Properties probationary estate agent Eric Mok, who concluded the deal, the tenant of the factory liked it for its big land size area compared with their previous factory.
Only 30% of ERCL workers will be foreigners, says project owner
KUALA LUMPUR (April 5): Malaysia Rail Link Sdn Bhd (MRL), the owner of the East Coast Rail Line (ECRL) project, says only 30% of the total workers involved in the RM60 billion project will be foreigners from China and other Asian countries, allaying concerns that the project is mostly run by the Chinese.
Malaysia’s super rich own the most homes in Asia Pacific
KUALA LUMPUR (April 5): Malaysia’s ultra-high-net-worth individuals (UHNWIs) take the lead when it comes to owning the most number of primary and secondary homes in the Asia-Pacific region, according to The Wealth Report Attitudes Survey 2018, which is part of independent global property consultancy Knight Frank’s 12th edition of The Wealth Report.
KL luxury home values drop 0.7% in PIRI 100 for 2017
KUALA LUMPUR (April 5): Political uncertainties and a subdued market have caused luxury home values to dip by 0.
Australia, S'pore and UK properties most favoured by M'sia's ultra-rich
KUALA LUMPUR (April 5): About 43% of Malaysian ultra-high-net-worth individuals (UHNWIs) plan to invest in properties abroad — higher than the global average of 34% — in the next few years, said property consultancy firm Knight Frank.
Rehda: No CCCs for over 700 KV properties on water shortage
PETALING JAYA (April 4): More than 700 completed properties in the Klang Valley are unable to obtain the Certificates of Completion and Compliance (CCCs) due to the water supply issue, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda).
Affordable homes special quota for armed forces personnel, veterans
KUALA LUMPUR (April 4): Negeri Sembilan will have a special quota for every category of affordable homes under its housing policy for armed forces personnel and veterans.
Construction sector’s contract outlook still robust
Construction sector Maintain overweight: High-beta construction stocks were among the least favoured in the first quarter of 2018 (1Q18), with the Kuala Lumpur Construction Index falling 9% year to date (YTD), weighed down by global stock market selldown.
