News about ng

I must applaud the Malaysian government’s responsiveness in trying to manage the perceived property bubble, with specific focus on the residential luxury market.

The property development arena has been in a state of flux in the last week, sparked by Putrajaya’s directive to freeze all new applications for shopping malls, offices, serviced apartments and condominiums priced at RM1 million and above.

PETALING JAYA (Nov 24): The Ministry of Urban Wellbeing, Housing and Local Government plan to redevelop old densely-populated housing areas which are seen as no longer suitable for current needs, said its minister Tan Sri Noh Omar.

SHAH ALAM (Nov 24): Sime Darby Property Bhd is launching the second-last phase of landed homes in Denai Alam in the City of Elmina, Selangor on Nov 25.

KUALA LUMPUR (Nov 24): Boutique property developer Chin Hin Property Development Sdn Bhd is developing a project named 8th & Stellar in Bandar Baru Sri Petaling, Kuala Lumpur.

  WCT Holdings Bhd (Nov 23, RM1.

KUALA LUMPUR (Nov 24): Malaysia Building Society Bhd’s (MBSB) net profit surged 73.

KUALA LUMPUR (Nov 24): Genting Malaysia Bhd’s net profit dropped 65.

KUALA LUMPUR (Nov 24): Genting Bhd’s earnings for the third financial quarter ended Sep 30, 2017 (3QFY17) went down 66.

Sold for: RM640,000 (RM605 psf) Concluded by: Teoh Peng Peng (PEA1696) of Hartamas Real Estate Sdn Bhd (018-206 7122) When: June 16, 2017 Noteworthy: ● Freehold ● 1,057 sq ft ● Three bedrooms and two bathrooms ● Partly-furnished with kitchen cabinet ● Facilities include swimming pool, gym room, children’s playground, 24-hour security and cafeteria ● Accessible via Damansara-Puchong Expressway (LDP), Sprint Expressway, Federal Highway and Jalan Universiti Located within Petaling Jaya’s vibrant SS2 neighbourhood, Ken Damansara 3 is a freehold condominium developed by Ken Holdings Bhd.