News by EdgeProp

The Manor will have 212 condominium units with a built-up area of between 2,426 and 7,356 sq ft. Prices start at RM1,100 psf.

Meet us at 8am tomorrow at Southville City @ KL South, Bangi, to watch the last leg of what may well be Malaysia’s biggest property competition.

 In less than 24 hours, 21 finalists will meet at the grand finale of The Edge-Mah Sing Millionaire Contest!

The group is also concentrating on its mixed-use development of SA65 Taman Perdana Development in Simpang Ampang, Penang.

Rental yields in Kota Damansara are fairly decent, especially in two key markets – the lower end market and those that cater to the student population or are near amenities. Most projects provide an annual yield of above 4%, with monthly asking rent of RM1.50 to RM1.70 psf.

In Kota Damansara, the majority (44.3%) of non-landed property transactions were sold within the RM401 to RM600 psf bracket, followed by RM200 to RM400 psf (39.9%) and RM801 to RM1,000 psf (11.1%).

For the 12 months to 3Q2014, just over half (52.8%) of all non-landed properties transacted in Kota Damansara were within the RM400,001 to RM500,000 price range.

Kota Damansara started with mostly low and medium-cost housing developed by the Selangor state property arm, in the 1990s. With more amenities added and the entry of private developers, property prices have increased sharply and the neighbourhood is becoming more upmarket.

The 50-acre (20.23ha) Wellness City of Dreams has a gross development value (GDV) of RM15 billion. The project will feature a resort-styled development comprising a wellness mall for healthcare, retirement homes and alternative medical care.

For the full year, the group’s profit fell to RM17.3 million in 4QFY15 from RM29.7 million in the same period last year while revenue halved to RM66.5 million from RM146.6 million