News by Lum Ka Kay

Eastern & Oriental Bhd (E&O) has recorded 87% take-up for phase 2 of its Ariza Seafront Terraces comprising 35 units of landed homes in Seri Tanjung Pinang (STP), Penang. They were launched on March 23.

SkyWorld Development Group has invested RM3.8 million to set up a 13,000 sq ft facility called the SkyWorld Quality Centre to showcase the quality of construction of the developer’s projects.

In its first Investment Trends Survey, Knight Frank found the majority of investments into commercial properties were primarily driven by diversification, with real estate being used to provide variation from both domestic economy and across asset classes.

Symphony Life Bhd is set to launch its Small-office Home-office (SoHo) development called Union Suites @ Bandar Sunway, Selangor targeting property investors and young working professionals.

Kedah-based Eupe Corp Bhd has redesigned and renamed its serviced apartment project in Cheras previously known as “The Weave” to “Parc 3”. The change was made in order to develop a product which fits better with the current market conditions, said group managing director Datuk Beh Huck Lee.

Sitting on a 4.29-acre freehold plot, the project is slated for completion by February 2021. Paisley has a gross development value of RM479 million and will house two towers – 28-storey Tower A with 329 units and 27-storey Tower B with 258 units.

The biggest difference between a local property investor and a foreign one is that the former is often present in the country while the latter is often absent.

Strata living is synonymous with service charge collection, but many homeowners are reluctant or even refuse to pay their service charges. The simple argument often given is — if they are not happy with the maintenance of a building or its management, they would not need to pay. Now, that’s a myth!

Yuslina Mohd Yunus all set to be new group managing director.

“Most of our buyers are from the younger generation as a majority of them are below age 40 while about 30% to 35% of them are below age 30,” Aset Kayamas executive director Michael Chai told TheEdgeProperty.com.