Soft launch of Perla @ Ara Sentral gets good response
With a gross development value of RM1.12 billion, the freehold transit-oriented development (TOD) project comprises two blocks housing 648 units.
Penang: Cheaper affordable homes; minimum price for foreign buyers lowered
State Local Government Committee chairman Jagdeep Singh Deo the reductions were “reasonable”, and that “there must be a balance in trying to solve the property overhang while protecting the interests of local buyers”.
Maybank sued for ‘thwarting’ luxury Tribeca condo tower
Sharif El-Gamal said in a notice and summons filed in New York state court Tuesday that Malayan Bank Bhd, also known as Maybank, and other syndicate members “ignored and breached their obligations under the building facility and related loan documents.” Their actions have caused “irreparable damage to the plaintiff’s relationship with its contractor, leading to a cessation of all work,” he said.
DONE DEAL: Unit at 11 Mont'Kiara, Kuala Lumpur
Sold for: RM3.28 million (RM886.24 psf); Concluded by: James Lai (PEA 1933) (016-311 6092) of Property Hub Sdn Bhd; When: February 2020
Strata development AGMs allowed to resume under RMCO
However, the meetings must be conducted according to the Covid-19 prevention SOPs set by the authorities.
Petrol dealers unaware on revocation of petrol price ceiling
Petrol Dealers Association of Malaysia (PDAM) said its members only learned about this via media reports.
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BBCC and Mitsui Fudosan in en-bloc deal worth RM242m
The joint venture company, known as MFBBCC Serviced Suites Sdn Bhd (MFBBCC), will be 51% held by MFAM and 49% by BBCCD. MFBBCC will manage and operate the property including granting of tenancies within the property.
How Covid-19 gave cover for a subtle power grab
Facing the worst economic crisis in decades, Kuala Lumpur last week rolled out its fourth stimulus package since February. Together these fiscal salvos add up to about US$70 billion, or 20% of gross domestic product. Such dramatic numbers are entirely necessary. The World Bank expects emerging-market economies will shrink the most since 1960 this year.
BAPE, Omotesando Koffee and David Rocco’s Dolce Vita to open in Suria KLCC
Some 60 major brands will be occupying the revamped Ramlee Mall which occupies some 100,340 sq ft of leasable area spread across three floors which were previously occupied by Parkson Malaysia.
DONE DEAL: Bungalow, Long Branch Residences, Kota Kemuning, Selangor
Sold for: RM2,450,000 (RM346.97 psf based on land size); Concluded by: Ong Chee Yong of Polygon Properties Sdn Bhd (REN 22613) (018-366 8687); When: January 2020
