News by M

Knight Frank Malaysia acquired real estate agency Property Hub Sdn Bhd in a joint venture (JV) and rebranded the agency as Knight Frank Property Hub Sdn Bhd. The new company will be integrated with Knight Frank Malaysia’s residential operations, acting as the key element of the company’s residential agency network.

Guocoland (Malaysia) Bhd’s net profit fell significantly by 90.81% to RM6.73 million for the third quarter ended March 31, 2022 (3QFY21), compared with RM73.23 million a year earlier when the group had gained from the disposal of a piece of land in Jasin, Melaka.

Noteworthy:

• Freehold

• Built-up: 1,254 sq ft

• Corner unit

• Fully furnished 

• Two bedrooms, two bathrooms

• Facilities: Infinity pool, water jets, wading pool, gym, spa, indoor Jacuzzi and function room

• Amenities: Walking distance to shopping malls within Bukit Bintang area, 4-minute walk to Bukit Bintang monorail station and 6-minute walk to MRT Bukit Bintang station

When: October 2021

At JLL’s 1Q2022 Real Estate Market Perspective webinar on Tuesday (April 26), on the topic of “What’s next in APAC and Malaysia Logistic Sector?”, JLL research and consultancy Eva Soo shared that despite more supply of industrial properties and warehouses that are expected to enter the market from 2023 onwards, the overall property occupancy rate and rental outlook remains bright.

What does all this mean for those who have bought properties that are now being built?

Will they get a property that has been build according to the specifications spelt out in the sales and purchase agreement? Would all the building processes be executed the way they should be?

TWL said the proposed acquisition is in line with the group’s business strategy of focusing on the construction and property development segments. As at April 22, TWL is involved in eight ongoing property projects with an estimated total GDV of RM1.81 billion.

At Monday's signing ceremony between L&G and Affin Bank, Astoria Ampang, Damansara Seresta and Sena Parc are the latest participating projects of Affin Bank’s Home Step Fast/-i mortgage product.

In a statement, E&O said TPD had issued RM847.8 million out of the RM1.3 billion first tranche with the remaining RM452.2 million available for issuance, and the 0.25% profit rate reduction would translate into annual cost savings of RM2.1 million based on the current amount issued.

This is on the back of the developer recording strong take-up rates of its products, especially at its flagship Bandar Sri Sendayan township in Negeri Sembilan, as well as a lesser threat of a Covid-19 operational closure. 

In a bourse filing on Friday (April 22), Sunsuria said its wholly-owned subsidiary Sunsuria Residence Sdn Bhd has entered into a sale and purchase agreement with Superjet Revenue Sdn Bhd for the proposed land acquisition.