ParkCity Group has announced the launch of its maiden development in the city -- the 45-acre Kenny Heights.

Amalan Setar is expected to hand over 200 affordable housing units in Rawang this year, with a further 800 to 900 units expected to be completed and sold over the next couple of years.

The Sabah-based integrated property developer said the IPO comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.

The property developer said it had only been able to move towards finalising the appointment of a professional firm after it appointed a new audit committee chairman and engaged with new statutory auditors last month.

Kumpulan Kitacon Bhd has secured a letter of award (LOA) of main building works for a contract worth RM134.8 million in Ijok, Selangor.

RHB Investment Bank (RHB IB) has maintained its “overweight” rating on the property sector and said it expects the sector to continue to be driven by: i) positive news flow on potential infrastructure projects; ii) active land transactions and iii) influx of investments, especially in the data centre, green energy and manufacturing sectors.

Gamuda Land, the property arm of Gamuda Bhd, signed a memorandum of agreement on April 6 with Kiddypedia, an educational event company, to introduce Kiddypedia Discovery Centres at the developer's townships, namely Gamuda Gardens in Rawang and twentyfive7 in Telok Panglima Garang, according to a press statement on Friday.

Traditionally, condominium units have been synonymous with spacious family homes. However, there has been a noticeable shift towards smaller living spaces in Kuala Lumpur and Selangor.

Kuala Lumpur edged up 16 notches to 73rd out of 142 cities in the world on the latest 2024 Smart City Index (SCI) by the Institute for Management Development's (IMD) Smart City Observatory. KL was ranked 89th last year.

Noteworthy:

• Built-up size: 4,700 sq ft
• Land size: 3,700 sq ft
• 6 bedrooms, 7 bathrooms
• Semi-furnished
• Nearby amenities: Semantan and Pusat Bandar Damansara MRT stations, The Five @ KPD, Damansara City Mall, Pavilion Damansara Heights, Pusat Sains Negara, HELP University, Plaza Damansara, F&B outlets, schools, offices
• Accessibility: SPRINT Damansara and Kerinchi link, Federal Highway, NPE, North-South Expressway, Jalan Tuanku Abdul Halim

When: March 2024