Quiet, tranquil and peaceful – these qualities rank high for homeseekers and are rightly among the main selling points for housing developments that can provide such.

Sime Darby Property Bhd (SDP) sees 2023 to be a challenging year for the property industry due to rising raw material prices and the recent hike in the overnight policy rate (OPR) to 3%.

YNH Property Bhd’s land deal with Sunway Group Bhd seems to have hit a stumbling block as Bursa Securities has raised more questions on the transaction.

Sime Darby Property Bhd has announced its proposed acquisition of three parcels of freehold land totalling 948.8 acres in Kapar, Klang for RM618 million, which has been approved by shareholders at its extraordinary general meeting (EGM) on Wednesday (May 24).

Noteworthy:

• Freehold
• Built-up size: 10,000 sq ft
• Land size: 27,443 sq ft
• 6 bedrooms, 6 bathrooms
• Semi furnished
• Nearby amenities: Convenience stores, Suria KLCC, KL Tower, Pusat Sains Negara, KLCC LRT Station
• Accessibility: KESAS highway, EKVE highway, Ampang-Kuala Lumpur Elevated Highway (AKLEH) 

When: November 2022

An expert has called on the authorities to be transparent and get to the bottom of what has caused the fires at the old Employees Provident Fund (EPF) building at Jalan Gasing here.

Noteworthy:

• Built-up size: 864 sq ft
• 3 bedrooms, 2 bathrooms
• Serviced residence
• Fully furnished
• Nearby amenities: Retail stores, AEON Cheras, IKEA Cheras, Berjaya Time Square, sports clubs, hospitals, LRT Maluri, MRT Maluri
• Accessibility: North-South Highway (PLUS), Maju Expressway (MEX), Middle Ring Road 2 (MRR2) and Jalan Tun Razak

When: February 2023

Akmal said the new administration will review the proposed initiative and study the cause of its failure.

Pacific is the developer carrying out renovation work on the unoccupied building on Jalan Gasing to turn it into a senior living facility. 

Recently, the Federal Court, in the case of Remeggious Krishnan vs SKS Southern Sdn Bhd (previously known as MB Builders Sdn Bhd) Civil Appeal no. 02(f)-50-09/2021(J), confirmed that homebuyers can bring separate claims involving the same property in order to stay within the RM50,000 jurisdictional limit of the Tribunal for Homebuyers’ Claims or Tribunal Tuntutan Pembeli Rumah (TTPR), and that the RM50,000 limit is for each separate claim, not the total combined claims for the same property.