News by Lum Ka Kay

A 230-year-old defensive fortress, Fort Bishangarh has since undergone seven years of restoration and will now have 59 suites and is “thought to be one of the only warrior forts of its kind to be converted into a unique heritage resort of this stature”.

Located along the Federal Highway, it offers a net lettable area of about 400,000 sq ft across seven levels, with over 200 retail outlets.

The project with a gross development value of RM860 million will include a mall to be leased out entirely to its anchor tenant, Sogo (KL) Department Store Sdn Bhd.

The 7-storey Sunway Velocity is part of the 23-acre Sunway Velocity integrated development with a gross development value of RM4.5 billion.

Sold for: RM1 million (RM547 psf); Concluded by: Fairuz Azhan (REN 16658) (016-222 2533) of MIP Properties and Casper Yee (REN 13384) (016-259 1812) of HASB Consultants; When: September 2016

The negative trend in the property sector continues as the third quarter of 2016 registered a decline of 8.45% and 6.34% drop quarter-on-quarter in volume and value respectively, according to National Property Information Centre (Napic) data for 3Q2016.

The Selangor state government hopes to obtain “smart state” status by 2025 according to its Smart Selangor Blueprint launched today at the inaugural Smart City International Conference 2016 in Subang.

Recently, there has been a rising trend in the real estate industry where real estate agents join hands to seal a deal. From what used to be every man for himself during better times of the market, the current slow market has prompted many real estate agents and negotiators from different agencies to work together.

OCR Land Holdings Sdn Bhd’s Flexus Signature Suites project will be completed in the second quarter of 2017, as it enters its final stage of development marked with a “topping-up” ceremony today.

Datumcorp plans to acquire more land beyond Selangor and collaborate with the private sector and GLCs for future projects.