News by M

More items have been proposed for Penang Transport Master Plan since estimate in 2011.

To the residents of Rawang and the motorists who ply Rawang’s arterial B-roads like Jalan Welman, Jalan Batu Arang and Jalan Maxwell daily, bumper to bumper traffic jams stretching for kilometres have become the norm.

Hong Leong IB Research said the Johor region remain oversupplied in near term with incoming supply and planned supply amounting to 47% of existing stock.

Numerous projects in Kepong will likely see a boost in rental demand with the MRT Sungai Buloh-Serdang-Putrajaya line due in 2022. 

Sentoria Group Bhd 75%-owned subsidiary will co-develop residential and commercial properties with a private property investment company on 120 acres of land in Kuala Muda, Kedah, which marks the property developer and resort operator's first venture in the north.

In a statement, 1MDB said under the share sale and purchase agreement (SSA) executed between 1MDB and the IWH-CREC consortium, the consortium had agreed to pay RM7.41 billion (of which 10% or RM741 million is payable upon execution of the SSA) for its 60% share in the Bandar Malaysia project, based on the land value of RM12.35 billion.

Out of the total land bank, 6,275 acres (or 84%) are still undeveloped with remaining GDV of RM74.96 billion (or 92% of total GDV).

Despite the price surge, Kepong is still a very affordable neighbourhood. In the 12 months to 1Q2015, some 47.8% of secondary transactions were for properties priced between RM201–RM400 psf. 

A news report in Singapore's The Straits Times, quoting a ministry spokesperson, said that both governments were discussing the possibility of having two services — a non-stop express service linking Malaysia and Singapore, and a transit service in several locations in between.

For 2016, the company will be launching 15 projects with a total GDV of RM2.5 billion; these are spread out over the Klang Valley, Pahang and Batu Pahat, Johor.