Luster to buy land in Ara Damansara for RM35m
KUALA LUMPUR (March 2): Plastic parts and metal parts manufacturer Luster Industries Bhd has proposed to buy a 9,554 sq m freehold land in Ara Damansara from the Sime Darby group for RM35 million.
Two phases of Boustead Properties' Balau Homes in Mutiara Hills development see above 80% take-up
KUALA LUMPUR (March 1): Boustead Properties Bhd’s Balau Homes in its smart township development Mutiara Hills in Semenyih has seen a 90% take-up rate for its Phase 1A1 and 80% for Phase 1A2.
Property Chat: Flawed demographic survey on proposed Residential Tenancy Act
The National Homebuyers Association (HBA) is calling out that the drafted laws of the proposed Residential Tenancy Act (RTA) draft have incomprehensible sections.
From beauty salon to industrial real estate negotiator
Entering into his tenth year as a real estate negotiator, Hugo Siow (pictured) of CID Realtors Sdn Bhd has gone from one agency to another while finding his niche in the real estate industry.
Water must be flowing and electricity running when handing over Vacant Possession: says Court of Law
The Delivery of Vacant Possession (VP) under Housing Development (Control and Licensing) Act 1966 (HDA 1966) has presented a perennial question to purchasers: Why are the purchasers being delivered purportedly completed housing property that could not be occupied due to not having an actual supply of running water and electricity? Under the current act, which is to be read together with the Housing Development (Control and Licensing) Regulations 1989 (HDR 1989), the developer is supposed to conduct the delivery of VP of the completed property to the purchasers with water and electricity supply ‘ready for connection’.
Seoul’s unaffordable housing market show signs of cooling down
SEOUL (Feb 8): With Seoul’s presidential vote due in March, the capital’s housing market is starting to show signs of cooling off, according to Reuters.
Sheda: Minimum wage hike may increase unemployment rate
KUCHING (Feb 8): An increase of the minimum wage may lead to an increase of unemployment rate as employers may end up hiring fewer workers due to the high cost, said Sarawak Housing and Real Estate Developers’ Association (Sheda) president Augustine Wong Chung Ho.
Building affordable homes with digitalisation efforts
PETALING JAYA (Feb 7): Boustead Properties aims to build affordable homes that are sustainable and environmentally friendly, driven with technological solutions, according to a report by The Malaysian Reserve.
DONE DEAL: Three-storey terrace at USJ Heights, Selangor
Read also DONE DEAL: Factory at Port Klang, Selangor DONE DEAL: Agricultural land at Sepang, Selangor Developed by Sime Darby Property, USJ Heights is an exclusive gated and guarded low-density neighbourhood comprising bungalows, superlink houses and villas.
