EdgeProp congratulated Chia Kah Fei, who had won the first round of the RM10,000 Cash Bonanza for EdgeProp START members. This came as a timely win for Chia, 33, who recently purchased his first home with his long-term girlfriend, Grace Seow.

The suggested requirement, whereby a full block or two need to be made into Madani housing instead of a set percentage, will naturally cause a further increase in the free market prices for those who are not eligible for affordable housing, stated the Real Estate and Housing Developers' Association Malaysia (REHDA).

Businessman Tan Sri Robert Tan Hua Choon has ceased to be a substantial shareholder of Paragon Globe Bhd after disposing of half his stake in the Johor-based developer.

Tesla Inc has scrapped plans to set up factories in Malaysia, Thailand, and Indonesia, and the US electric car maker will focus solely on charging stations, Thai online news portal The Nation reported on Wednesday.

The Attorney General's Chambers (AGC) said it will appeal the High Court decision ordering the government to transfer 263.27 acres of land known as the "Duta enclave" to Semantan Estate (1952) Sdn Bhd.

Noteworthy:

• Freehold
• Built-up size: 7,797 sq ft
• Land size: 7,136 sq ft
• 7 bedrooms, 7 bathrooms
• Semi-furnished
• Nearby amenities: LRT Dato’ Keramat, LRT Damai, LRT Jelatek, MRT Ampang Park, Universiti Teknologi Malaysia, UniKL Business School, Jelatek Public City Park, Petronas Twin Towers KLCC, Suria KLCC, Pavilion KL, Bukit Bintang City Centre, The Exchange TRX, Royal Selangor Golf Club, Gleneagles Hospital KL, Prince Court Medical Centre
• Accessibility: AKLEH, MRR2, Jalan Tun Razak, Jalan Ampang, Jalan Jelatek

June 2024

Greater Kuala Lumpur’s residential market experienced an upward trend in 2Q2024, recording higher average transacted prices than the pre-pandemic year in 2019.

Sentral Real Estate Investment Trust (KL:SENTRAL), or Sentral REIT, posted a 30% increase in its net property income for the first six months (1HFY2024) to RM76.06 million, from RM58.49 million a year ago, underpinned by stronger contribution from its newly added property Menara CelcomDigi, as well as existing key properties, namely Building 4 and Platinum Sentral.

In a decision that is expected to affect the land industry in the city and the government, the High Court on Tuesday has allowed the application by the liquidator of Semantan Estate (1952) Sdn Bhd for the 263.27-acre land in Mukim Batu — known as the “Duta enclave” that currently houses various government complexes and facilities — to be transferred back to the company.

Chin Hin Group Bhd (KL:CHINHIN) is acquiring a 65% stake each in two companies — an engineering and construction firm and a facilities and project management outfit — for RM51.51 million in a cash and share deal.