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  • Property News

    S P Setia to continue cutting debt, preparing for potential REIT

    KUALA LUMPUR (March 27): Malaysian property developer S P Setia Bhd plans to continue cutting its debt as well as sell more unimportant assets and improve its investment properties for a potential real estate investment trust (REIT). Strategic priorities include divesting non-core assets, refinancing borrowings and generating more cash flow to service debt, S P…

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  • Property News

    Avaland tops out Aeta Damansara

    At the topping up event were (from left) Kogelevanan, Hong, Aw, Tanco, Leong, Yaw, Chen and Tang. PETALING JAYA: Avaland Bhd has topped out Aetas Damansara, its inaugural luxury development that received numerous accolades in 2022 and 2023. With a 100% take-up rate, Aetas Damansara is expected to be handed over to homeowners in the…

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  • Property News

    Making old homes bigger

    By Joseph Wong An increasing number of owners are opting to renovate their existing homes into bigger units and it is not just them. Many new buyers are also opting to purchase ageing terraced or linked houses in established suburban areas and renovating them to better fit their lifestyles.  Rather than choosing newer, more affordable…

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  • Property News

    DBKL seeks public opinion: What’s your input on the KL Local Plan 2040?

    By Yanika Liew The Kuala Lumpur City Council (DBKL), currently working on the Kuala Lumpur Local Plan 2040 (PTKL2040), seeks input from stakeholders to ensure alignment with the city’s needs. DBKL has defined the development core, proposed actions, detailed recommendations and development controls for the city.  However, it is now seeking feedback from the public…

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  • Property News

    Garden cities: For aesthetic appeal or real estate value?

    The goal of these planned communities is to combine the peace of nature with the conveniences of the city. What comes to mind when thinking about garden suburbs? Birds chirping, sunlight peeking through the curtains every morning and a beautiful park just a stone’s throw away from the front door. These are all possibilities, and…

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  • Property News

    Glomac’s 3Q net profit surges on higher property development revenue

    KUALA LUMPUR (March 26): Glomac Bhd’s net profit jumped by over 800% to RM3.81 million for its third quarter ended Jan 31, 2024 (3QFY2024), from RM419,000 a year earlier, driven by higher revenue from its property development and property investment business. Quarterly revenue increased 35.38% to RM89.35 million from RM66 million last year, the real…

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  • Property News

    Ewein buying land in Butterworth to develop workers’ dormitory

    KUALA LUMPUR (March 26): Ewein Bhd is acquiring a vacant piece of industrial land in Butterworth for RM25.84 million to develop a workers’ dormitory in a related party transaction. The property developer and precision sheet metal fabrication manufacturer said the move is in line with the group’s intention to diversify into the provision of workers’…

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  • Taman Citra Kasih
    Shah Alam

    Taman Citra Kasih

    Taman Citra Kasih, developed by Metro Nuri Sdn. Bhd., is an exclusive residential estate located in Shah Alam, Selangor. Despite its proximity to the vibrant heart of the city, this peaceful enclave hosts a collection of 22 single-storey, semi-detached houses, offering a serene and relaxing lifestyle away from the bustling city. The architecture of the…

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  • Property News

    Avaland tops out Aetas Damansara at Persiaran Tropicana

    KUALA LUMPUR (March 26): Avaland Bhd topped out its fully sold Aetas Damansara condominium development located at Persiaran Tropicana, Selangor on Tuesday.  In a press statement, Avaland said the development is targeted for vacant possession (VP) in 1Q2025, which is about six months ahead of schedule from its initial expected completion date in 2Q2025.  The…

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