News about property

PETALING JAYA (June 13): While the outcome of the UK general election has not been decisive, thus causing further political uncertainty, the appeal of the UK property market is unlikely to be significantly diminished from an Asian business or investors’ point of view, real estate consultancy firm Knight Frank said in a post-election statement.

KUALA LUMPUR (June 13): Mah Sing Group Bhd will continue looking inward to concentrate on the home market, although more Malaysian property developers are looking beyond local shores.

How often do we hear of people investing in industrial properties? Chan F C is one of the few who had.

When it comes to residential townships in Petaling Jaya, few can measure up to the unique qualities of Ara Damansara.

Sold for: RM420,000 (RM726psf) Concluded by: Tommy Koay (REN 07708) of Concept Property and Valuation (013-386 8108) When: February 2017 Noteworthy: ● Freehold ● Built-up area: 578 sq ft ● Developed by UOA Development Bhd ● Completed in July last year ● One bedroom and one bathroom ● Bare unit ● Comes with one car park ● Maintenance fee: 25 sens psf According to the agent, Tommy Koay of Concept Property and Valuation Sdn Bhd, the seller was an investor who bought several units at Desa Green when it was first launched and is now selling them.

KUALA LUMPUR (June 7): Trive Property Group Bhd has proposed an issuance of up to 500 million new shares to Australian bank Macquarie Bank Ltd to raise up to RM60.

KUALA LUMPUR (June 7): Crest Builder Holdings Bhd aims to register better performance in its financial year ending Dec 31, 2017 (FY17), as it expects to complete several projects under its construction division.

PETALING JAYA (June 5): OSK Property’s launch of its maiden Australian project Melbourne Square last weekend in Kuala Lumpur has received good response.

PETALING JAYA (June 3): Forebase Property Sdn Bhd, a subsidiary of Forebase Hong Kong Ltd, is looking to launch its maiden project in Malaysia — Hemmon House in Jalan Inai, Kuala Lumpur this September.

PETALING JAYA (June 2): Sime Darby Property celebrated the month of Ramadhan by organising a buka puasa event for 100 underprivileged children at TPC Kuala Lumpur on Wednesday evening, joined by the developer’s management team and members of the media.