PROPERTY SNAPSHOT What’s hot in Brickfields?
Overall, rental rates in Brickfields generally range from between RM2.00 psf to RM3.90 psf
Indonesia’s Mulia Group buys RM665 million TRX land
Only other confirmed deal in TRX now is a 1MDB RE joint venture with global developers Lend Lease for a RM8 billion Lifestyle Quarter
PROPERTY SNAPSHOT What are developments priced in Brickfields?
There is a large premium for developments located within KL Sentral, with a premium of at least 40%-50%
Boustead and Ikano unveil MyTown mall in Cheras
MyTown will offer 460 retail outlets across five levels (including one underground level), with a net lettable area of 1.1 million sq ft
Melbourne's The Fawkner to go residential
Landmark building, which currently houses office tenants, will undergo re-development works in a project dubbed “The Fawkner”
Sunway proposes RM1.8 bil mixed development in Kelana Jaya
Proposed mixed development consists of serviced apartments and retail shops, with first launch expected in end-2016
Tabung Haji may suffer loss despite RM5 million ‘profit’ in TRX land sale
Rafizi Ramli: Real Property Gains Tax's revised rates means that Tabung Haji will need to pay taxes of up to 30% for the sale, not including a stamp duty fee
PROPERTY SNAPSHOT What’s affordable in Brickfields?
From a larger perspective, the majority of transactions (some 71.6%) in Brickfields still fall below the RM1.0 million mark
Make public statutory bodies’ investment dealings with 1MDB, says PKR
PKR secretary-general Rafizi Ramli said that the public should know the extent of public funds involved in 1MDB's dealings, and that the deals listed must include bond purchases, loans and land purchases
MCT plans to launch REIT earliest by 2020
The REIT is part of the integrated property developer’s long-term strategy to generate a recurring income stream, contributing 30% to its net profit
