The construction and property group said the project entails the development of 100 affordable houses and six single-storey shop lots on 11.55 acres of government land.

Noteworthy:

• Freehold

• Semi-furnished 

• Built-up: 7,500 sq ft

• Land size: 7,000 sq ft

• Seven bedrooms, eight bathrooms

• Easy accessibility through Jalan Semantan, Jalan Duta and Jalan Damansara. 

When: June 2021

According to a statement on Dec 7, the estimated gross development value (GDV) for Rafflesia 2 is RM37 million. The residential development consists of three layout types, with built-up sizes starting from 1,615 sq ft. The starting price is from RM411,300 per unit.

Added that the economy has not fully recovered from the pandemic, especially with the growing concerns of the new virus variant, Omicron - Chan Wai Seen, CCO & Associates (KL) Sdn Bhd ED, foresees the new take-up rate to be insignificant.

In a report on Monday (Dec 6), cryptocurrency news portal Cointelegraph said data from industry metrics platform NonFungible.com indicates that there has been more than US$300 million (RM1.27 billion) in NFT sales over the past week.

Malaysian Rating Corporation Bhd (MARC) said the issuance of the first tranche of the SLB is part of Sunway REIT’s maiden sustainable financing exercise and marks the culmination of the REIT's strategic collaboration with OCBC Bank (Malaysia) Bhd, which was, earlier this year, appointed as Sustainability Structuring Coordinator for the Unrated Medium-Term Notes Programme.

During the State Legislative Assembly sitting on Monday (Dec 6), Sabah Chief Minister Datuk Seri Hajiji Noor said that the redevelopment will consist of hotels, resorts, residential and commercial areas equipped with parks and recreational areas.

Phase 2 of IOI City Mall (ICM) has been scheduled to open by June 2022, according to IOI Properties Group Berhad (IOIPG), chief executive officer Datuk Voon Tin Yow.

“Currently, the ceiling price of affordable housing is set at RM300,000 and it needs to be reviewed as many people are affected and have slipped from the M40 group to the B40 group due to the Covid-19 pandemic,” he said when winding up the debate on the Supply Bill 2022 at the committee level for the ministry in the Dewan Rakyat on Monday (Dec 6).

In a Bursa Malaysia filing on Monday (Dec 6), the group said the proposed acquisition will be funded by cash via internally generated funds and/or bank borrowings.