PROPERTY SNAPSHOT 4: What’s hot in Klang?
• Today, we look at price growth and indicative asking rental yields for non-landed residences in Klang.
Axis-REIT to buy four plots of land for RM61 mil
KUALA LUMPUR (Nov 11): The trustee of Axis Real Estate Investment Trust (Axis-REIT), RHB Trustees Bhd, has signed a sale and purchase agreement with Axis AME IP Sdn Bhd to acquire four plots of freehold land in Johor for RM61 million.
PROPERTY SNAPSHOT 1: Klang market on the rise
This is the first in a series of four snapshots on Klang.
Damansara Realty says bidding for PPA1M jobs in reply to UMA query
KUALA LUMPUR (Nov 6): Damansara Realty Bhd, which received an unusual market activity (UMA) query from Bursa Securities on the sudden rise of its share price which soared 50% to hit a five-month high today, said it is participating in a public tender to construct housing develpment under Projek Perumahan Penjawat Awam 1Malaysia (PPA1M) at Putrajaya.
The trouble with affordable housing supply
PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim.
Plenitude expects to maintain RM250 mil sales in FY16
KUALA LUMPUR (Nov 5): Property developer Plenitude Bhd expects to maintain the RM250 million sales quantum it achieved in the financial year ended June 30, 2015 (FY15) in FY16, amid the more challenging global and domestic economic scenarios.
Penang Rehda: 'Buyers today are saying: "Wow, your price is so high, we cannot buy’."
The Penang Real Estate and Housing Developers Association (Rehda) has called on the state government to look into development charges and various requirements imposed on developers and the industry in view of declining property sales.
First phase of Austin Duta in Johor Bahru now 60% taken up
JOHOR BAHRU (Nov 7): IJM Land Bhd’s new township project, Austin Duta at Mount Austin here, saw the first phase comprising 2-storey terraced houses achieving a take-up rate of about 60%.
Chung Soo Kiong to take the helm at Sunway Construction as Kwan Foh Kwai says to retire by year end
KUALA LUMPUR (Oct 30): Sunway Construction Group Bhd (SunCon) said its senior managing director (MD) Kwan Foh Kwai plans to retire at the end of this year, seeking not to extend his contract past Dec 31.
E&O’s Seri Tanjung Pinang Phase 2 reclamation project kicks off
Eastern & Oriental Bhd (Oct 29, RM1.
