News by EdgeProp.my

With the proposed Urban Renewal Act (URA) set to be tabled in June, an expert has said the building age threshold should be higher than 30 years.

Noteworthy:

• Freehold
• Land size: 348,480 sq ft
• Nearby amenities: various small businesses, F&B outlets, and residential areas, Hang Jebat Stadium, Lotus @ Melaka Cheng
• Accessibility: Lebuh AMJ, Lebuh SPA

When: December 2024

Diona Teh Li Shian, daughter of Public Bank Bhd founder, the late Tan Sri Teh Hong Piow, has purchased a Good Class Bungalow (GCB) in Singapore’s Tanglin Hill neighbourhood, for a record-breaking price of S$93.9 million (RM311 million) or S$6,197 psf, according to Bloomberg News.

Noteworthy:

• Freehold
• Built-up size: 1,028 sq ft
• Semi-furnished
• 1 bathroom
• Nearby amenities: Sunway 163, 1 Mont’Kiara, Garden International School, Mont’Kiara International School, Kuala Lumpur Golf & Country Club
• Accessibility:  SPRINT Penchala and Kerinchi Links, Jalan Duta-Sungai Buloh Highway, NKVE, North-South Expressway, Jalan Duta Kiara

When: December 2024

KL Wellness City has achieved 50% completion ahead of schedule. The key components of this development — The KL International Hospital (KLIH) and the Noble Health Care Park are set to be completed by 2Q2026.

Tropicana Corp Bhd conducted the delivery of vacant possession to the homeowners of SouthPlace Residences, Tropicana Metropark in Subang Jaya last month.

One of our favourite real estate outfits, PropNex Malaysia is showing off a number of landed homes for sale again via its latest open house this weekend (March 22 and 23).

After more than half a century, Cheras remains a popular area for homebuyers. An expert believes house prices in its mature neighbourhoods will keep up their modest annual growth.

Hextar Technologies Solutions Bhd (HexTech) seeks to democratise business services and financial management with the launch of MoneyX Biz, a web-based digital platform which will focus on business-to-business (B2B) services.

Due to land scarcity in Kuala Lumpur, the city has increasingly been built vertically. Besides commercial buildings, residential high-rises of all shapes, sizes and attributes compete to offer the best values in the market.