News by Hannah Rafee

The acquisition is in line with Savills plans to expand its industrial and logistics business. 

Block C will comprise 393 lakefront condominium units. The freehold units will have built-ups from 840 to 1,246 sq ft with prices starting from RM570,000. Due to be completed by the second quarter of 2025 (2Q25), the units will have a dual key concept that is designed for multi-generational living and additional rental yield.  

Set to be launched on April 24, Hevea Phase 2 in the City of Elmina, Shah Alam has a gross development value (GDV) of RM114 million, and will comprise 68 semi-detached houses and a bungalow unit. Sprawled on a 10.61-acre tract, the units will have built-ups from 3,130 sq ft and prices starting from RM1,884,888.

The participating properties include the completed Paisley Serviced Residences, and the newly launched Residences (South) within Tropicana Metropark, a freehold 88-acre master plan in Subang Jaya with a direct link to the Federal Highway complemented by a 9.2-acre Urban Park and the GEMS International School.

Platinum Victory executive director Gan Yee Hin: The market for new home ownership, especially among millennials, young families and new house buyers, continues to grow steadily and drive demand for affordable housing here.

Knight Frank Malaysia capital markets executive director Allan Sim: The pandemic has accelerated the adoption of online retailing across selected key markets in Asia-Pacific, with the average online penetration growth estimated at 14% in 2020

LBS group managing director Tan Sri Lim Hock San: Affordability remains the key concern for homebuyers and therefore, we will take a conservative approach and continue to focus our strategy of building properties and townships based on the three main pillars of affordability, connectivity and community

LBS managing director Tan Sri Lim Hock San: KITA @ Cybersouth township development is designed for families and the community within to build a lifetime of memories.

Winthrop Center in Boston will stand at 691 feet tall when completed in 2022.

Lagenda Properties Bhd's (formerly known as DBE Gurney Resources Bhd) wholly-owned subsidiary Taraf Nusantara Sdn Bhd (TNSB) has signed a joint-venture (JV) agreement with Tenaga Danawa Sdn Bhd (TDSB), a unit of Majuperak Holdings Bhd, to embark on an affordable housing project in Tapah.