PROPERTY SNAPSHOT 1: Kota Damansara gets increasingly attractive
• This week, the spotlight falls on the secondary market of non-landed residences in Kota Damansara.
The changing face of Kepong
PETALING JAYA (June 4): Kepong will see a number of RumaWIP (Federal Territory Affordable Housing Policy) homes coming up over the next few years.
Avanti Residences’ final phase is 55% sold
PETALING JAYA (June 3): The third and final phase of Avanti Residences in Saujana Permai U17, Shah Alam, by property developer Johawaki Development Sdn Bhd is 55% sold since its launch on May 7, marketing manager Ku Reza Ku Abd Rahman told TheEdgeProperty.
Courts Malaysia to unveil first next-generation store in Sri Damansara
PETALING JAYA (June 3): Home electronics and furniture retailer Courts Malaysia will launch its first “next-generation store” in Malaysia at the Courts Megastore in Sri Damansara tomorrow, said the company in a press statement.
Damansara Realty seeks to raise RM150m via notes
KUALA LUMPUR (June 3): Damansara Realty Bhd plans to raise up to RM150 million by issuing redeemable convertible notes to fund its property development activities and for working capital.
MBAM says no to safeguard measures on steel products
KUALA LUMPUR (June 3): The Master Builders Association Malaysia (MBAM) has voiced opposition to safeguard measures on steel products, arguing that without the free flow of imports, prices of steel bars may be uncontrollable.
EcoWorld eyes 3Q launch for RM300,000 apartments in Semenyih
PETALING JAYA (June 2): Eco World Development Group Bhd (EcoWorld) plans to launch its Harmoni apartments in its Eco Majestic township in Semenyih in the third quarter (3Q) of this year, Eco Majestic general manager Evon Yap told TheEdgeProperty.
‘Higher funding costs prompt banks to revise BR, BLR rates’
KUALA LUMPUR (June 2): Higher costs of funding prompted some banks to raise their base rates (BR) and base lending rates (BLR) recently, the first time since January 2015, when the BLR structure was replaced with a new BR system.
Aset Kayamas obtains RM425m bridging loan from MBSB
KUALA LUMPUR (June 1): Aset Kayamas Sdn Bhd, a privately held property developer, has obtained a RM425 million bridging loan from Malaysia Building Society Bhd (MBSB) for its Park Hill Residence and 1Malaysia Civil Servants Housing (PPA1M) projects in Bukit Jalil here.
PROPERTY SNAPSHOT 4: What’s hot in Bukit Jalil?
• Today, we look at price growth and indicative rental yields for non-landed homes in Bukit Jalil, Kuala Lumpur.
