PROPERTY SNAPSHOT 1: Dutamas average price up 6.6% y-o-y
• This week, the spotlight falls on the secondary market of non-landed residences within the growing suburb of Dutamas, neigbouring Mont’Kiara in Kuala Lumpur.
EcoWorld's Majestic Bazaar racks up RM100,000 sales in three hours
SEMENYIH (March 27): Eco World Group Bhd (EcoWorld) sold half of the furniture, home decoration items, and electronic and electrical appliances – valued at RM100,000 – used at some of its show units at its Eco Majestic sales gallery here in the first three hours of its Majestic Bazaar event here today.
Putting himself in his client’s shoes
ACTING and selling real estate seem to be completely unrelated occupations.
Selangor Properties slips into the red on forex losses
KUALA LUMPUR (March 25): Selangor Properties Bhd started off its current financial year ending Oct 31, 2016 (FY16) on the wrong foot, reporting a net loss of RM16.
Gamuda’s 2Q profit falls 12% to RM160.11m
KUALA LUMPUR (March 25): Gamuda Bhd, which is involved in construction and property as well as water concessions, saw a 12% drop in net profit in its second financial quarter ended Jan 31, 2016 (2QFY16) to RM160.
DONE DEAL: Cluster house at Kota Emerald West, Rawang
Sold for: RM685,000 Concluded by: Des Yap of Vivahomes Realty (016-220 2209) When: December 2015 Noteworthy: • Built up: 1,900 sq ft • Land area: 3,053 sq ft • Corner lot • Unfurnished • 4 bedrooms and 3 bathrooms • Gated-and-guarded scheme • 3km to Rawang Aeon and McDonald’s Kota Emerald West consists of 2-storey terraced houses and cluster houses (semi-detached homes that comprise four homes joined together, resulting in each house becoming a corner house).
2015 household debt stays elevated
KUALA LUMPUR (March 24): The level of household debt-to-gross domestic product (GDP) ratio continued to be elevated at 89.
KL CBD office demand to outstrip new supply in 2018
PETALING JAYA (March 23): Kuala Lumpur’s central business district (CBD) office market – which includes the Kuala Lumpur City Centre (KLCC), the Golden Triangle and the city centre’s older commercial area – is expected to see higher absorption rates from 2016 to 2018, with demand expected to overtake new office supply of about 1.
Binastra Land in talks with AccorHotels for new hotel brand
PETALING JAYA (March 23): Binastra Land Sdn Bhd, a wholly-owned subsidiary of Binastra Group, is in talks with AccorHotels Group to bring in a new hotel brand to its upcoming mixed development ION at Jalan Sungai Besi, said Binastra Land executive director Datuk Ong Theng Soon.
