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Sunway Velocity Mall wins Malaysia Property Award 2018

Sunway Velocity Mall wins Malaysia Property Award 2018

Sunway Velocity Mall was recently awarded the FIABCI Malaysia Property Award 2018 under the Retail Category. The Malaysia Property Award honours developments that display excellence in all aspects of their creations. Judged over seven months by an independent panel of experts, the entries were evaluated based on their design, impact on the environment, facility management,...

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Golden Wall Centre sold en bloc for SGD276 mil

The freehold Golden Wall Centre has been sold en bloc at $276.2 million, reflecting a land rate of $2,331 psf per plot ratio. The prime commercial property was purchased by City View Holdings, a wholly owned subsidiary of Worldwide Hotels. Worldwide Hotels’ portfolio includes the Hotel 81 chains. The sale was brokered by Edmund Tie...

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Mah Sing to host preview for Tower C, M Vertica

Despite a soft property market, Mah Sing Group Bhd is hosting a public preview this weekend for Tower C of M Vertica project in Cheras and is bullish on sales. The first two Towers in M Vertica — Tower A and Tower B —have achieved 85 and 80 per cent sales, respectively, since their launch...

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Luxury property prices rose 2.7pc up to Q3

THE price for luxury properties increased 2.7 per cent on average across 43 cities in the year to September 2018, according to the latest Prime Global Residential Cities Index Q3 2018 launched by Knight Frank. The price increase represents the index’s weakest performance in annual terms for almost six years. Knight Frank Asia-Pacific head of...

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Bina Puri taps hill attractions

BENTONG is both a town and district in Pahang. It covers 183,112 hectares of area, but most of the land is hilly and suitable for hospitality property development, such as resorts and villas. The distance from Kuala Lumpur to Bentong town via Karak Highway and Kuala Kubu is 75km, or about an hour and 10...

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Sunway enters joint venture with MKH Bhd for a RM540mil TOD in Kajang

Sunway Bhd, through its wholly-owned subsidiary, SunwayMas Sdn Bhd, signed a shareholders’ agreement with Perkasa Bernas (M) Sdn Bhd, a subsidiary of MKH Bhd, for a joint venture vehicle, Daksina Harta Sdn Bhd via SunwayMas’ disposal of four ordinary shares in Daksina to Perkasa, at a total consideration of RM5mil. According to the press release,...

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Kepong the next Mont Kiara?

Does Kepong have what it takes to be the next Mont Kiara, especially with UEM Sunrise Bhd’s entry there? UEM Sunrise is the pioneer developer of Mont Kiara. Its journey started in 1990s when Sunrise Sdn Bhd founder Datuk Alan Tong Kok Mau acquired about 40.5ha of land in Kampung Segambut Dalam settlement. Tong named...

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X2 puts on sale RM35m assets in KL

Three distinct strata office spaces worth a combined RM35 million and owned by private investment group, X2, are up for sale in the KLCC area. X2 is selling an office block in Megan Avenue 1, Jalan Tun Razak, a Penthouse in Megan Avenue 2, Jalan Yap Kwan Seng and two floor spaces in an office...

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HDB launches over 7,000 flats for sale in November

The Housing and Development Board (HDB) has launched 7,214 flats for sale in November. The government agency announced on Nov 13 that there are 3,802 Build-To-Order (BTO) units offered across five estates – Tengah, Yishun, Sengkang and Sembawang, as well as the mature township of Tampines. Under the Sale of Balance Flats (SBF) exercise, there...

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