Yong Tai to partner Iconic Paragon in new Bukit Bintang project
KUALA LUMPUR (Feb 16): Yong Tai Bhd is taking up a 70% stake in land holding company Iconic Paragon Sdn Bhd for a proposed development on two leasehold plots with a cumulative size of 1.
Malaysia, Singapore award high-speed rail joint development partner contract
KUALA LUMPUR (Feb 16): The Malaysian and Singapore governments have awarded the joint development partner (JDP) contract for the planned Kuala Lumpur-Singapore High Speed Rail (HSR) project to a consortium comprising WSP Engineering Malaysia Sdn Bhd, Mott MacDonald Malaysia Sdn Bhd, and Ernst & Young Advisory Services Sdn Bhd.
Rahim & Co: Property market expected to improve in 12 to 18 months
KUALA LUMPUR (Feb 16): Property consultancy firm Rahim & Co said it expects the Malaysian property market to recover within the next year or so, as the decline in property transactions is seen to be slowing down.
‘PR1MA scheme has minimal impact on banks’
Banking sector Maintain neutral: On Tuesday, Perumahan Rakyat 1Malaysia (PR1MA) announced that the Special PR1MA End-Financing Scheme for first-time house buyers announced in Budget 2017 will benefit at least 15,000 buyers.
Spacious units at The Riyang condominium in Kuchai Lama to target families
KUALA LUMPUR (Feb 15): Suntrack Development Sdn Bhd’s latest residential development, The Riyang, aims to attract families who are living in the mature neighbourhood of Happy Garden in Kuchai Lama, Kuala Lumpur.
Sunway REIT 2Q DPU falls 11.3%
KUALA LUMPUR (Feb 15): Sunway Real Estate Investment Trust’s (REIT) distribution per unit (DPU) for the second quarter ended Dec 31, 2016 (2QFY17) fell 11.
Knight Frank Singapore bracing for the next lap
IN December, Knight Frank Singapore relocated from its office on the 30th floor of Hong Leong Building.
Prices not likely to move much this year
THE residential market in Greater KL is expected to remain the same for the next six months to one year, with few changes in transacted prices.
