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KUALA LUMPUR (Nov 29): A high number of unsold property does not only affect property development, but also property management, says Malaysian Institute of Professional Property Managers (MIPPM) president Sarkunan Subramaniam, commenting on the recently released 1H property market performance by the National Property Information Centre.

KUALA LUMPUR (Nov 29): Malaysia’s property management sector is still far from being ready to embrace property technology (prop tech), said Malaysian Institute of Professional Property Managers (MIPPM) president Sarkunan Subramaniam.

KUALA LUMPUR (Nov 29): Ekovest Bhd's takeover bid of Iskandar Waterfront City Bhd (IWCity) has received the green light from Iskandar Waterfront Holdings Sdn Bhd (IWH), which owns a 38.

PETALING JAYA (Nov 24): Damansara Realty Bhd (DBhd) has received approval from the Economic Planning Unit (EPU) on Nov 22 to acquire a 53.

Sold for: RM640,000 (RM605 psf) Concluded by: Teoh Peng Peng (PEA1696) of Hartamas Real Estate Sdn Bhd (018-206 7122) When: June 16, 2017 Noteworthy: ● Freehold ● 1,057 sq ft ● Three bedrooms and two bathrooms ● Partly-furnished with kitchen cabinet ● Facilities include swimming pool, gym room, children’s playground, 24-hour security and cafeteria ● Accessible via Damansara-Puchong Expressway (LDP), Sprint Expressway, Federal Highway and Jalan Universiti Located within Petaling Jaya’s vibrant SS2 neighbourhood, Ken Damansara 3 is a freehold condominium developed by Ken Holdings Bhd.

KUALA LUMPUR (Nov 23): Ekovest Bhd said it has a tender book of more than RM5 billion worth of jobs todate, and this is expected to keep it busy for the next three to five years.

KUALA LUMPUR (Nov 23): Econpile Holdings Bhd shares rose 2.

KUALA LUMPUR (Nov 22): Econpile Holdings Bhd's net profit for its first financial quarter ended Sept 30, 2017 (1QFY18) climbed 28.

PETALING JAYA (Nov 21): The temporary freeze on approvals for the development of shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million will be a much-needed relief for landlords or owners of office and residential buildings as it will allow the market to absorb the existing large supply through rising population growth, urbanisation and migration to cities, said JLL Malaysia associate director, research and consultancy Veena Loh.

PETALING JAYA (Nov 21): The recent directive by the government to freeze approvals for shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million is seen as a misguided move by property consultancy firm Knight Frank Malaysia.