News by M

Based on theedgeproperty.com’s analysis of transactions, the combined prices of Subang/Ara Damansara properties remained fairly stable in 2012 and 2013, averaging just under RM300 psf, before shooting up to RM384 psf in 3Q2014. 

The group attributed improved profit to increased revenue and profit recognition from the sales achieved to date, and the timely handovers of its maiden property project, Fulton Lane in Australia, which was accounted based on the completion method.

The land is slated for a light industrial park and is a part of GUH Holdings' plan to cultivate future earnings growth in its property division, it said in a filing with Bursa Malaysia. 

Tender and award phases for larger value jobs, both public and private sector-funded, are still in the pipeline, supporting our assumption that new jobs worth RM1.5 billion to RM2 billion will be secured over the next two years.

The highest growth in capital values can be found at Danau Impian, with the average price here up 26.2% to RM474 psf. This could be due to its location, close to shops and eateries, or its pricing. With practical unit sizes between 918 and 1,000 sqft for a 3-bedroom unit, the price quantum for units here fall within the RM400,000 – RM470,000 range.

Occupying levels 11 to 22 of the 30-storey Causeway Regency residence tower, it will offer a host of conveniences and amenities, on top of great location in the heart of the city.

In the review period, transactions of non-landed residences in the secondary market have yet to breach the RM1,000 psf level.

 A group called Say Yes to DASH, comprising residents from Shah Alam, is supported by the project proponent of DASH-Prolintas.

The project owner, Prasarana Malaysia Bhd targets to complete the pre-qualification of contractors by December this year and commence construction work in early 2016. The project is due for completion in Aug 31, 2020.

In a filing with Bursa Malaysia yesterday, CHHB said two summonses, dated Aug 17, were received by the company on Sept 4.