News by M

This week, the spotlight falls on the secondary market of non-landed residences in Taman Desa, Kuala Lumpur. Originally developed in the 1970s, Taman Desa is now a mature and well-established neighbourhood. The area is known as the home of Desa Waterpark, Taman Desa Medical Centre as well as numerous upmarket dining spots.

Eco World International Bhd (EWI) sees a “silver lining” for savvy investors in the UK referendum’s surprising “Leave” outcome.

The events, “Women Into Construction” and “Open Doors”, promote the wide variety of construction jobs involved in creating the first mixed-use phase at the Battersea Power Station in London.

Rental yields in Puchong are decent, with the average indicative rental yield at about 4.4%.

While Puchong is now an established neighbourhood, prices generally remain lower than those in Petaling Jaya.

The campaign culminated in a lucky draw that saw 28 winners walk away with luxurious all-expenses paid trips to watch the UEFA Euro 2016 quarter finals, semi finals and final matches in France, as well as a grand prize winner who drove away with a Jaguar XF sedan worth RM400,000.

Glomac’s FY16 property sales were weak at RM304 million, a decline of 40% y-o-y and 40% below management’s initial target.

The landscape in Puchong has undoubtedly changed. While once it was dominated primarily by low-cost flats and apartments, today the skyline includes office towers, malls and modern condominiums.

The trust's manager Sunway REIT Management Sdn Bhd said the land is to facilitate its plans to increase Sunway Carnival's net lettable area.

While Brexit will cast into question whether the remaining £6 billion (RM35.22 billion) GDV of Battersea can be realised, the risk of weakening demand for London property is mitigated by undersupply of housing in the city.