News about property

The project is estimated to generate a pre-tax profit of RM210 million based on a gross cost of RM940 million and translate into a margin of 18%, the company said in a statement.

Bayu Serenia forms part of ongoing development within Serenia City, a major township in the southern Klang Valley corridor envisioned as the “Garden City of KLIA”, featuring residential, commercial, and industrial precincts focused on liveability, sustainability, and connectivity.

D’Marina Bayu, also known as Phase 2B of Residensi D’Marina by Citaglobal Property Development Sdn.

Commercial activity has become a focal point of Sri Petaling’s transformation—prime stretches are now commanding some of the highest commercial values in the area, while tenants unable to keep up with rising rental rates have sought second-tier premises as alternatives.

D’Marina Bayu will be part of the larger township of Residensi D’Marina that promotes promote sustainable and connected living.

One noted the lack of incentives for the property market and expected it to move steadily on its own steam again into 2026.

REHDA however expressed “trepidation pertaining the announcement to increase the stamp duty for foreign residential ownership, from the current 4% to 8%.

The Ayu Residences comprises 11-storey low-rise blocks, beginning with Block 1, which is now available.

The freehold project is located about 3km from the upcoming Johor Bahru–Singapore Rapid Transit System (RTS) Link and next to Sunway Commercial Square.

“With Sunway Cochrane, we are setting a new benchmark for transit-oriented developments (TODs) in Kuala Lumpur by placing direct MRT access, GreenRE compliance, and future-ready features such as electric vehicle (EV) charging at the heart of the design.