Maju Holdings Sdn Bhd-owned highway concessionaire MEX I said the proposed Islamic bonds comprise RM2.21 billion subordinated sukuk and RM1.13 billion senior sukuk programmes.

“In 3Q2021, the volume of transactions of high-rise residential properties in Kuala Lumpur showed an upward trend, soaring 25.5% on the quarter albeit registering lower transacted value, likely supported by gradual easing of restrictions and reopening of sales galleries,” Sarkunan Subramaniam, managing director of Knight Frank Malaysia said.

In a note on Thursday (Jan 6), its analyst Loong Kok Wen who maintained "neutral" on the sector said that despite an encouraging pickup in demand for property in 2021, she believes the sector is still facing negative headwinds that may hinder the continued recovery in property sales as well as earnings growth.

According to a statement on Thursday (Jan 6), Le Méridien Penang Airport is part of the Penang Gateway development, located by the Penang International Airport, on the main Jalan Sultan Azlan Shah road. It will be part of a mixed-use development that will also comprise an independent residential tower, medical centre, commercial and retail space. Construction is due to commence by mid-2022 and is expected to be completed by end-2026.

In a press statement, SDB head of sales and marketing Khong Wei Chung said that the 46-storey single tower manifests the developer’s belief that quality life starts from home.

Noteworthy:

• Freehold

• Unfurnished 

• Built-up: 1,925 sq ft

• Land size: 1,925 sq ft

• One bathroom

• Amenities: Bangsar Village 2, Bangsar Shopping Centre with well-connectivity with SPRINT Highway, New Pantai Expressway and Federal Highway

When: Oct 2021

According to a statement on on Tuesday (Jan 4), the MoU was signed by UEM Sunrise chief marketing officer Kenny Wong and Sime Darby Property chief operating officer — integrated development Datuk Mohd Idris Abdullah (both representing Sime Darby Property Sunrise Development), while Netherlands Maritime University College was represented by its executive chairman Datuk Razali Yaacob

In a statement on Tuesday (Jan 4), Savills Malaysia shared its top property predictions in 2022 with comments by Khong, Savills Malaysia Deputy Managing Director and Head of Capital Markets Nabeel Hussain, Savills Malaysia Executive Director Marcus Chia, Savills Malaysia Director of Industrial Agency Kevin Goh and Savills Malaysia Director of Retail Services Murli Menon.

Legacy Real Property Sdn Bhd’s registered real estate agent Mohd Saharudin Tunggal said although the property market price for the area was expected to be affected, the reality is it has not happened yet as the disaster had only hit about two weeks ago.

The appellants, developer Memang Perkasa Sdn Bhd (a subsidiary of Malton Bhd), Kuala Lumpur City Hall (DBKL), Yayasan Wilayah Persekutuan (YWP), as well as Bukit Kiara longhouse residents, are appealing at the Federal Court to reinstate the proposed Taman Rimba Kiara project’s development order.