News about property

The 238-room INNSiDE by Meliá Kuala Lumpur Cheras is expected to open its doors this month.

The disposal will help to pare down bank borrowings and add working capital requirements for the group.

SDP group managing director Datuk Azmir Merican, in a statement, said the group successfully delivered 1,855 units of products to its customers in FY2022 while being affected with labour-related challenges and escalating material prices.

As a TOD, Serasi Residences provides a 400m covered walkway to the Putra Heights LRT Station.

“Also, with the reopening of international borders as part of the post-pandemic normalisation, our Swiss-Garden Hotel Melaka and The Shore Hotel & Residences stand to benefit from the influx of foreign visitors, as Malaysia continues to be one of Southeast Asia’s favourite tourist destinations.

The developer said Menara YNH has been conceptualised to be a hallmark mixed development consisting of serviced apartments, hotels, SoHo, offices, as well as retail space strategically located within the central business district of Kuala Lumpur.

In comparing the revised budget and the previous October budget, the honorary secretary-general of HBA Datuk Chang Kim Loong has expressed the association’s support, concern and disappointment on matters relating to the Malaysian property sector.

Anwar stressed the government’s aim is to alleviate the rakyat’s struggles amidst the economic challenges, while ensuring a sustainable fiscal growth for the nation.

The budget themed “Menbangun Malaysia Madani” is aimed at helping the rakyat and boosting the economic prospects of the country.

The most notable jump was recorded by the group’s property development segment, whose revenue leapt 140.