News about ma

PETALING JAYA (July 8): The iconic “OCBC Building” located at Jalan Hang Kasturi was sold last year in July to building management services company Shen & Sons Sdn Bhd for RM921 psf — translating into RM21 million — JLL Malaysia country head, YY Lau told TheEdgeProperty.

•    Today, we look at price growth and indicative rental yields for non-landed homes in Subang/Ara Damansara.

MENTION Damansara Heights and many assume that those who live there belong to the upper echelons of society, own palatial mansions and have a high net worth.

•    Today, we continue our focus on Subang and Ara Damansara by looking at average prices on a psf basis.

PROPERTY and infrastructure developer Malaysian Resources Corp Bhd (MRCB) is close to securing a RM700 million work package for the Damansara-Shah Alam Highway (DASH) project, say sources with knowledge of the matter.

•     While Subang and Ara Damansara are located adjacent to each other, they offer vastly different landscapes with the former dominated primarily by industrial sites and affordable housing while the latter is more affluent with gated and guarded neighbourhoods and increasingly upmarket condominiums.

KUALA LUMPUR (July 4): Poultry farming company LTKM Bhd is buying a one-acre freehold land here for RM12.

GEORGE TOWN (July 4): Some 29 villages in Penang might face the risk of ‘disappearing’ forever, including its Malay heritage culture, following rampant development projects in the area, say academicians.

KUALA LUMPUR (July 4): Many companies may have painted a gloomy outlook for the domestic property sector, but this is the sector Damansara Realty Bhd is focusing on this year in seeking to return to profitability.

WITH its vibrant economy and rising property prices, Sarawak’s capital city Kuching is well positioned to become the state’s most popular residential destination for investors and owner-occupiers.