The exclusive enclaves of Cheras
Many consider Cheras (both the Kuala Lumpur and Selangor portions) as old and congested.
DONE DEAL: Bungalow at Tropicana Golf and Country Resort, Petaling Jaya
Rented for: RM20,000 a month Concluded by: Christine Lim (REN 01622) of Tech Realtors Properties (012-633 3333) and Freeman Woo (REN 05026) of MIP Properties (012-656 7617) When: October 2016 Noteworthy: ● leasehold ● golf club view ● gated-and-guarded development ● unit land area: 7,700 sq ft; built-up size: 9,000 sq ft, ● two storeys ● 4+1 bedrooms and six bathrooms ● Clubhouse facilities: tennis and badminton courts, bowling, swimming pools, 27-hole golf course, library, gaming room, gymnasium, children playground and multipurpose hall ● Near amenities that include an international school, university, medical centre, shopping malls, convenience store and restaurants ● Easy access to Jalan Tropicana Utama which connects to neighbouring townships in Petaling Jaya, the New Klang Valley Expressway and Damansara-Puchong Highway Developed by Tropicana Corp Bhd, Tropicana Golf & Country Resort is a luxury residential project in a gated-and-guarded community.
Four Sime Darby dormant subsidiaries to be wound-up
KUALA LUMPUR (March 1): Four of Sime Darby Bhd’s indirect wholly-owned units that have ceased business operations and are dormant have resolved to being wound-up following their extraordinary general meetings today.
E&O's 3Q net profit multiplies eightfold, 9M net profit down 26%
KUALA LUMPUR (Feb 24): Eastern & Oriental Bhd (E&O)’s net profit multiplied eightfold to RM31.
DONE DEAL: 2-storey terraced house at Taman Nuri, Bandar Puchong Jaya, Selangor
Sold for: RM695,000 Concluded by: Wa Wa Liew (REN 02732) of Pro-Tech Realty (012-309 7661) When: November 2016 Noteworthy: ● Freehold ● 4 bedrooms and 3 bathrooms ● Built-up: 1,800 sq ft ● Land size: 1,500 sq ft ● Property is more than 20 years old Located between Bandar Sunway and Bandar Kinrara, Bandar Puchong Jaya is a 930-acre township in Puchong, Selangor.
Tambun Indah Land to roll out RM170 mil worth of launches in 2017
PETALING JAYA (Feb 23): Penang-based property developer Tambun Indah Land Bhd plans to launch three new projects worth about RM170 million for 2017, said the developer.
CapitaLand on the rise with Japan acquisitions
SINGAPORE (Feb 20): CIMB Securities is reiterating its “add” recommendation on CapitaLand with an unchanged price target of S$4.
MRCB plans RM1 bil worth of project launches this year
LONDON (Feb 17): Malaysian Resources Corp (MRCB) is planning to launch residential properties with a combined gross development value (GDV) of RM1 billion in 2017.
CapitaLand acquires three office buildings and a mall in Tokyo for S$620.1 mil
SINGAPORE (Feb 17): CapitaLand has agreed to acquire a portfolio of four income-producing office and retail properties in Japan’s Greater Tokyo Area, at ¥49.
