The land is the site of an industrial park project with an estimated gross development value of between RM321 million and RM397 million, according to Citaglobal's previous announcement.
Serai Bukit Bandaraya, Kuala Lumpur condo unit sold for RM8.
The call follows the release of the National Property Information Centre’s market snapshot for the first half of 2025 (1H2025), which highlighted weak absorption of new residential launches and a growing overhang in the high-rise segment.
Napic Property Market Report 2024 shows a strong rebound in both the volume and value of property transactions since the outbreak of the Covid-19 pandemic, but increases in property transaction volume and value may not necessarily indicate a good market sentiment.
Last Thursday (Sept 4), the trust said it was buying the property, comprising a factory, warehouse and office, with a combined gross floor area of 240,600 sq ft in the Bandar Sultan Suleiman industrial area.
MBSB Research noted that BNM struck a “slightly more confident view” on Malaysia’s economic prospects at its September meeting, compared to the more cautious tone in July that prompted the pre-emptive cut to 2.
MAHB managing director Datuk Mohd Izani Ghani said while there were no disruptions to overall airport operations or passenger transfers between the main and satellite terminals, the airport operator “expects better” from its partners.
The apartment, located on the 60th floor of the Burj Khalifa, has a built-up area of 1,887.
The property developer said its wholly-owned unit United Time Development Sdn Bhd is being sued by Kejuruteraan Berpadu Maju Sdn Bhd.
The property comprises 3.
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