News by Edgeprop.my

ECM Libra Group Bhd entered into an agreement to dispose of an 11-storey hotel in George Town, Penang, together with adjoining freehold land, for a total cash consideration of RM51.89 million on Aug 15 (Friday).

Property values surrounding Taman Tasik Metropolitan Kepong have recorded gains across multiple segments with the commercial segments in the vicinity registering the sharpest increase, surging 30.77% from RM1.3 million in 2023 to RM1.7 million in 2024, according to EdgeProp EPIQ.

Datuk Zaini Yusoff will be taking the posts of president and CEO as Datuk Choong Kai Wai will be retiring from S P Setia on Sept 30, 2025.

Worldwide Holdings Bhd (WHB) has introduced a 120% home financing package with RHB Bank Bhd that allows buyers to cover renovation and furnishing costs on top of standard housing loans.

Noteworthy:

• Leasehold
• Land size: 17,000
• Built-up size: 4,500 sq ft
• 5 bedrooms, 4 bathrooms
• Unfurnished
• Nearby amenities: University Malaya Medical Centre, Taman Jaya LRT station,  St. Francis Xavier’s Church, SMK (P) Assunta, University Malaya Medical Centre, Assunta Hospital
• Accessibility: Federal Highway, NPE, SPRINT Expressway, Petaling Jaya KTM Station

When: June 2025

Sime Darby Property Bhd’s The Reya, located in KL East, has previewed Phase 1 and saw a take-up rate of 80% during the event.

Noteworthy:

• Freehold
• Built-up size: 1,506 sq ft
• Floor location: High rise
• 2 bedrooms, 2 bathrooms
• Fully-furnished
• Nearby amenities: Pavilion KL, Fahrenheit88, Kuala Lumpur Eco Park, Tzu Chi University Continuing Education Centre, Pudu Specialist Centre
• Accessibility: SILK, Cheras–Kajang Expressway, Jalan Sultan Ismail, Jalan Raja Chulan 

When: April 2025

Persatuan Insurans Am Malaysia (PIAM) has reminded Malaysians of the importance of fire insurance following a fire in Pantai Dalam, Kuala Lumpur that destroyed several homes and businesses on Aug 7.

Noteworthy:

• Leasehold
• Built-up size: 7,500 sq ft
• Land size: 9,800 sq ft
• 9 bedrooms, 6 bathrooms 
• Semi-furnished
• Nearby amenities: Plaza Alam Sentral, SACC Mall, Poliklinik Komuniti Shah Alam, KPJ Healthcare Selangor, Darul Ehsan Medical Centre, Salam Medical Centre
• Accessibility: Federal Highway, Kesas (Shah Alam Expressway), NKVE, GCE, ELITE, Shah Alam KTM Komuter Station, Raja Muda LRT Station 

When: June 2025

The land, known as Plot 3, measures about 1.23 acres and forms part of a master-planned commercial development in the Bukit Raja area.