News about properties

STRATA living is the norm in land-scarce areas such as Kuala Lumpur and other cities in Malaysia.

Sold for: RM3.

KUALA LUMPUR (April 9): The Employees Provident Fund (EPF) has bought a portfolio of industrial and logistics assets in the United Kingdom from IM Properties plc, one of the largest British privately owned property groups, for close to £200 million (RM1.

REAL estate developers have become more creative in luring prospective homebuyers into committing to a purchase, even as property price growth in the country moderates.

KUALA LUMPUR (April 1): Aseana Properties Ltd, a London-listed property developer in which Ireka Corp Bhd has a 23% stake, is selling the Aloft Kuala Lumpur Sentral Hotel in Malaysia to Prosper Group Holdings Ltd for RM418.

ACTING and selling real estate seem to be completely unrelated occupations.

Property sector Maintain neutral: Among our coverage universe, Matrix Concepts Holdings Bhd is the only developer that has managed to achieve positive growth in full-year sales (+28% year-on-year [y-o-y]) mainly due to its focus on the affordable mass market with a pricing range of below RM600,000.

KUALA LUMPUR (March 23): Property developer cum resort operator Sentoria Group Bhd bagged two development projects in Kuantan and Sepang that are collectively worth some RM110 million.

KUALA LUMPUR (March 21): Dubai Properties (DP) announced yesterday the start of construction works of its flagship 1/JBR project, an iconic 46-storey luxury residential tower at the entrance of Jumeirah Beach Resort (JBR) in Dubai.

PETALING JAYA (March 21): TH Properties Group will launch Sutera, the first phase of its 103.