News by Edgeprop.my

S P Setia Bhd clinched two key awards at The Edge Property Excellence Awards (TEPEA) 2024 held at the Mandarin Oriental Kuala Lumpur on Nov 11.

Eastern & Oriental Bhd (E&O) has launched the first phase of the masterplan for its Andaman Island development. Spanning 760 acres of reclaimed land off the coast of the northeastern corner of Penang island, the mega project, with an estimated RM60 billion gross development value (GDV), will be developed in two phases. 

UEM Sunrise Bhd achieved RM928.5 million in sales year-to-date, representing 93% of its RM1.0 billion full-year sales target, driven by project launches and strategic inventory management.

Radium Development Bhd saw revenue of RM48.5 million in its financial results for the third quarter of the fiscal year ending 2024 (3QFYE2024), reflecting a 3.6% increase compared to RM46.8 million in the same quarter last year.

Avaland Bhd has more than doubled its net profit to RM68.2 million in the nine months period ended Sept 30, 2024 (9M2024) from RM28.5 million in the previous corresponding period.

PropNex Malaysia is hosting another open house this weekend (Nov 23 and 24) to allow home hunters to feast their eyes on a number of landed properties (mainly bungalows, semidee units and town houses) located in Kuala Lumpur and Selangor.

Noteworthy:

• Leasehold
• Built-up size: 4,950 sq ft
• Land size: 1,650 sq ft
• 1 room, 1 bathroom
• Unfurnished
• Nearby amenities: LRT Bandar Puteri, IOI Mall Puchong, Columbia Asia Hospital - Puchong, Taman Wawasan Recreational Park, various residential areas
• Accessibility: LDP, NPE, KESAS, Federal Highway, ELITE

When: June 2024

Bandar Tun Razak — located in the district of Cheras, Kuala Lumpur — is just a 20-minute drive from the city centre. The most recent population data for the 25 sq km-township states that it is home to 191,318 residents, as of 2020. 

Noteworthy:

• Built-up size: 1,460 sq ft
• 1 room, 2 bathrooms
• Unfurnished
• Nearby amenities: Pavilion Bukit Jalil, Bukit Jalil Recreational Park, Bukit Jalil Golf & Country Resort, Columbia Asia Hospital - Bukit Jalil, National Stadium Bukit Jalil
• Accessibility: Lebuhraya Bukit Jalil, Kuala Lumpur-Seremban Expressway, KESAS, MEX, SUKE

October 2024

The hybrid event offers a wide range of assets, including 200 properties, over 100 vehicles, and fine art.