News by M

Stulang DAP assemblyman Chen Kah Eng said affordable housing should be developed near areas such as Educity Nusajaya, private hospitals, business and tourism zones and other economic growth zones.

Segambut MP Lim Lip Eng was commenting on a City Hall operation at three vacant land lots used as dumping grounds in Lorong Haji Hamzah, Segambut Dalam yesterday morning

At Puchong South, the rental yields as calculated from asking rental prices as observed at June 2015 are fairly average, ranging between 4.3% - 6.5% annually.

Mitrajaya said the significantly better performance for the quarter was due to higher contribution from the construction division and its South Africa investment.

The RM2 billion Penang Times Square project is broken into five phases, with the first two featuring a mall, residential units and commercial lots, while the third phase is currently underway.

State housing exco Jagdeep Singh Deo said it was proposed that the prices be raised to RM65,000 for an LC unit and RM100,000 for an LMC unit during a meeting at the National Housing Council in August.

GuocoLand Malaysia has entered into agreements to sell four assets — DC Tower Sdn Bhd, certain offices and car parks at Menara Pandan, a 679.2ha tract in Sepang and a  2,917 sq m parcel in Jalan Changkat Kia Peng, in Kuala Lumpur.

Sizeable infrastructure projects could have a cumulative gross development value (GDV) of over RM200 billion in the long term, and that is not including those further from the city centre.

Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the average transacted price was RM170 per square foot (psf) in 3Q2014, while the average transacted price per unit was RM127,000.