SDP’s The Prestige Collection Signature Factories 97% Taken Up During Its Launch

Sime Darby Property (SDP) debuted The Prestige Collection to a resounding 97% take-up during its launch. Located in the well-planned freehold industrial estate of Elmina Business Park in the City of Elmina, the Prestige Collection consists of seven units of park-side detached factories and 24 units of super-sized semi-detached factories. The ready-built factories feature a...

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Sky World Sets New Standards Of Sky-Living (Tallest residential building in Setiawangsa)

KUALA LUMPUR: SkyWorld Development Bhd (SkyWorld), an urban property developer, hosted an exclusive project tour to showcase its latest completed development, The Valley Residences located in Setiawangsa, Kuala Lumpur. The event aimed to provide members of the media, bankers, estate valuers and solicitors with an immersive experience of the project and its exceptional features. Commanding a...

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Property market activity declined by 5.7% in 1Q

KUALA LUMPUR: Malaysia’s property market activity has declined by 5.7 per cent in the first quarter (1Q) of 2023 with more than 89,000 transactions worth RM42.31 billion compared to the same period last year, said the Ministry of Finance (MoF). According to the National Property Information Centre (NAPIC), MoF, the total transactions in 1Q 2023,...

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UEM Sunrise Acquires Prime Freehold Land In Kelana Jaya

KUALA LUMPUR: Sunrise Innovations Sdn Bhd, a wholly-owned subsidiary of property developer UEM Sunrise Bhd, has recently acquired about 3.7ha of freehold land for RM155mil. The developer entered a Sale and Purchase Agreement with Kwasa Properties Sdn Bhd, a wholly-owned subsidiary of the Employees Provident Fund Board (EPF). UEM Sunrise plans to utilise the land for...

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Pavilion REIT Concludes Acquisition Of Pavilion Bukit Jalil

Pavilion Real Estate Investment Trust has announced the successful conclusion of the acquisition of Pavilion Bukit Jalil, following the fulfilment of all conditions precedent as set out in the earlier Sale and Purchase Agreement and oversubscription of its first private placement, “The successful acquisition of Pavilion Bukit Jalil signals a strategic expansion in Pavilion REIT’s...

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