Trusted for properties in Malaysia

A recent transaction of a unit at Park Regent in Desa ParkCity, Kuala Lumpur at RM12.5 million (RM2,771.61 psf) was not only a very rare high-price transaction, but also broke the record within the project itself.

With the proposed Urban Renewal Act (URA) set to be tabled in June, an expert has said the building age threshold should be higher than 30 years.

Noteworthy: Freehold Land size: 348,480 sq ft Nearby amenities: various small businesses, F&B outlets, and residential areas, Hang Jebat Stadium, Lotus @ Melaka Cheng Accessibility: Lebuh AMJ, Lebuh SPA When: December 2024

Diona Teh Li Shian, daughter of Public Bank Bhd founder, the late Tan Sri Teh Hong Piow, has purchased a Good Class Bungalow (GCB) in Singapore’s Tanglin Hill neighbourhood, for a record-breaking price of S$93.9 million (RM311 million) or S$6,197 psf, according to Bloomberg News.

Noteworthy: Freehold Built-up size: 1,028 sq ft Semi-furnished 1 bathroom Nearby amenities: Sunway 163, 1 Mont’Kiara, Garden International School, Mont’Kiara International School, Kuala Lumpur Golf & Country Club Accessibility: SPRINT Penchala and Kerinchi Links, Jalan Duta-Sungai Buloh Highway, NKVE, North-South Expressway, Jalan Duta Kiara When: December 2024

He noted the ministry’s views to focus on improving the quality of public transport first.

Based on the latest records from DBKL, 25 of them were residential buildings, while the remaining 23 were commercial buildings.

Total office space stock in the Klang Valley expanded further to 121.7 million sq ft in the fourth quarter of 2024 (4Q2024), up from 121 million sq ft as at the end of 2Q2024.