KUALA LUMPUR (Nov 3): The 20.7km Setiawangsa-Pantai Expressway (SPE) will be officially open in its entirety to motorists at 11.59pm on Friday. This comes as the previously unopened 16.3km stretch of Sections 1 to 3 — from Kerinchi to Setiawangsa — of the highway to be open. A 4.4km Section 4 — stretching from Setiawangsa…
Read MoreKUALA LUMPUR (Nov 3): The construction Residensi AVA at Kiara Bay reached the top earlier today, signified by the completion of its roof slab on the topmost floor. With an estimated gross development value (GDV) of RM664 million, Residensi AVA’s construction progress is at 75%, stated a media release by UEM Sunrise today. “Residensi AVA…
Read MoreKUALA LUMPUR (Nov 3): In a reaction to the latest move by Bank Negara Malaysia (BNM) to maintain its overnight policy rate (OPR) at 3%, the National House Buyers Association (HBA) is of the view that it will only be a problem for borrowers who are already struggling with their monthly loans. “The real danger…
Read MoreKUALA LUMPUR (Nov 3): While Bank Negara Malaysia’s (BNM) decision to keep the overnight policy rate (OPR) unchanged at 3% in its final monetary policy committee meeting for the year was well expected by economists following Malaysia’s positive economic growth, they, however, appear divided on the central bank’s stance going forward. TA Securities predicts that…
Read MoreKUALA LUMPUR (Nov 2): The Kuala Lumpur Local Plan 2040 (KLLP 2040), which will replace the Kuala Lumpur City Plan 2020 (KLCP 2020), will be on public display for a month in January 2024. Prime Minister Datuk Seri Anwar Ibrahim’s political secretary, Datuk Azman Abidin said that city folks and all interested parties are invited…
Read MoreKUALA LUMPUR (Nov 2): Atrium Real Estate Investment Trust’s (Atrium REIT) asset manager Atrium REIT Managers Sdn Bhd (ABSB) has acquired buildings and leasehold land in Shah Alam, Selangor from a related party, Amazing Blitz Sdn Bhd (ABSB), for RM41 million cash. In a filing with Bursa on Thursday, the REIT said the purchase consideration…
Read MoreKUALA LUMPUR (Nov 2): In celebration of World Town Planning Day, which falls on Nov 8, the Malaysian Institute of Planners (MIP) is hosting its yearly National Planning Congress (NPC) 2023 in Putrajaya, alongside Putrajaya Corporation and PLANMalaysia. Based on the theme “Madani Planning in SDG2030 acceleration”, the event will see speakers from various Commonwealth…
Read MoreBy Chang Kim Loong ALFRED walks into a property expo at an esteemed convention centre looking for his dream home after saving enough money. As he meanders through aisle upon aisle of booths packed with visitors, he is attracted by one developer’s set-up. The booth is impressively designed, showcasing one of the most comprehensive range…
Read MorePenang’s property market is an attractive investment opportunity for investors and developers, says TA Securities. (Bernama pic) PETALING JAYA: TA Securities is convinced that the Penang Transport Master Plan (PTMP) will serve as a solid rerating catalyst for the state’s construction sector. “We are optimistic about Penang’s residential property market. “It is driven by the…
Read MoreKUALA LUMPUR (Oct 30): Permodalan Nasional Bhd (PNB) together with the Employees Provident Fund (EPF) and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) have co-invested in the Kulim II high-tech industrial asset, with a total investment value of RM2 billion. According to a joint statement, the co-investors have signed a sale and leaseback agreement with Osram Opto…
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