News by M

Gabungan AQRS said the land holds a 99-year lease expiring in 2112 under the “building” land use category.

The scheme is open to those with a household income of below RM10,000, seeking to buy houses priced at RM500,000 or less.

Similarly, signs of oversupply are emerging in the retail sector in major urban areas, particularly in Penang, Johor and the Klang Valley.

Average prices have grown across the market. The highest relative price growths were observed among the mid-cost properties, in part due to their lower capital bases. The top three performers are located in Bandar Baru Sentul, led by Pangsapuri Bandar Baru Sentul, Pangsapuri Villa Angkasa and Menara Orkid, with average transacted prices up 38% y-o-y, 25.9% y-o-y and 24.9% y-o-y, respectively.

The PTMP, which involves a 20km link connecting Gurney Drive and Bayan Lepas, besides a light-rail transit system between Komtar and Bayan Lepas, is at the detailed environmental impact assessment stage.

Pelaburan Hartanah Bhd (PHB) continues to be on the lookout for suitable properties for possible injection into Amanah Hartanah Bumiputera (AHB) and to further increase its fund size, said its group managing director and chief executive officer Datuk Kamalul Arifin Othman.

Knight Frank Malaysia (Sabah) research executive Welton Chin says the majority of property buyers in Kota Kinabalu in the past two years have been local first-time homebuyers and young families.

While prices within the Sentul Masterplan have set new benchmarks for the area, the secondary market is still largely dominated by the low to mid-end segment.

S P Setia Bhd has confirmed its acting president and chief executive officer Datuk Khor Chap Jen as executive president and CEO, Datuk Wong Tuck Wai as deputy president and chief operating officer, and Choy Kay Yew as chief financial officer, effective April 1.

Meanwhile, Bank Negara says there is an oversupply of office and retail space. Office space in the Klang Valley recorded a vacancy rate of 20.4% in 2015, compared with the regional average of 6.6% and national level of 16.3%.