SunREIT sees resilient earnings from retail malls
THE current slowdown in the property market cycle may not be all doom and gloom, at least for Sunway Real Estate Investment Trust (SunREIT).
Stephen Yew, from bank manager to real estate negotiator
"WHY I gave up the position of a bank manager to become a real estate negotiator?” asks Stephen Yew (pictured), amused by the question posed to him.
DONE DEAL: Unit at The Z Residence condominium, Bukit Jalil, Kuala Lumpur
Sold for: RM670,000 or RM541 psf Concluded by: K Y Kwek of Hartamas Real Estate (OUG) (019-659 2782) When: September, 2015 Noteworthy * Freehold * Built-up area: 1,238 sq ft * 3 bedrooms and 2 bathrooms * North facing * Infinity swimming pool * Two-tier 24-hour security * Sky lounge * Sauna * Playground * Floating garden The Z Residence is located at Jalan Jalil Perwira 2, Bukit Jalil.
Young Malaysian graduates rushing to buy homes out of fear, says Khazanah Research Institute director
Petaling Jaya (Nov 16): Fresh graduates feel compelled to buy property quickly because they fear prices will soon outpace the growth of their income, said Khazanah Research Institute director of research Dr Suraya Ismail.
Penang property market to be resilient on sustained demand
PETALING JAYA (Nov 13): Penang’s property market is expected to stay resilient on the back of sustained demand, especially from Penangites working abroad planning to return and prospective retirees eyeing homes in the state.
Internet the way to influence buyers, says consultant
SUBANG JAYA: Some 97% of “property seekers” search for property online, of which 78% use property portals as a key source of information, according to Dehinc Asia’s futurist Gerard Kho.
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.
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.
DONE DEAL: Saville Melawati serviced apartment in Taman Desa Melawati, Kuala Lumpur
Sold for: RM510,000 or RM506 psf Concluded by: Jack Tian of Hartamas Real Estate (OUG) Sdn Bhd (016 434-4681) When: Aug 26 Noteworthy: *1,007 sq ft * Freehold * Serviced apartment * 3 bedrooms, 2 bathrooms * 3.
DONE DEAL: Duplex unit in Scott SOHO, Scott Garden, Kuala Lumpur
Sold for: RM480,000 Concluded by: Janet Chong of Hartamas Real Estate (OUG) (012-318 8099) When: August, 2015 Noteworthy: * Freehold * 775 sq ft * one bedroom and two bathrooms * come with one parking, kitchen cabinet, three air-cons and two water heaters.
