News by M

Outlet centres — which account for 0.1% of the total retail industry in Malaysia — are becoming popular among investors and retailers in Malaysia as they offer higher returns to investors and more affordable and flexible spaces to retailers.

Property investors who have the guts to take the plunge during a challenging period such as this stand to gain huge capital gains from their investments, said Malaysian Institute of Estate Agents immediate past president Siva Shanker.

In a bourse filing, SIB said it has received a notification for the compulsory acquisition of the land, measuring 1.35ha, in Sungai Buloh, Petaling district.

The highest relative price growth can be found at Villa Scott within the heart of Brickfields.

Luxury condominiums are located closest to KL Sentral while the mid-cost condominiums are located further away.

The final phase will comprise two towers of luxury serviced apartments with a dedicated sky bridge to the Pavilion Bukit Jalil mall.

MRT 2 is estimated to have an end-to-end journey time of 82 minutes. The proposed alignment moves along the Sungai Buloh-Serdang-Putrajaya corridor.

Brickfields offers a diversity of properties. Some 31% of  transactions were for units priced over RM1 million while 15.5% were in the range of RM400,001 – RM500,000 and 12.1% were in the range of RM800,001 – RM900,000.

Eco World Development Bhd (EcoWorld) is acquiring a 300-acre leasehold parcel in Mukim 13, Seberang Perai, owned by Batu Kawan Development Sdn Bhd (formerly Abad Naluri Sdn Bhd).

Transaction activity has also been lackluster since 2014. Total transaction volume for the 12 months to 1Q2015 fell 30.1% y-o-y from 166 units to 116 units.