Prominent property developer S P Setia Bhd, government-linked asset manager Permodalan Nasional Bhd (PNB) and Amanahraya Trustees Bhd (as trustee for Amanah Saham Bumiputera) have entered into a non-binding Memorandum of Intent to commence negotiations on the proposed acquisition of I&P Group Sdn Bhd by S P Setia.
The Hamstead at Desa Tun Razak, Cheras has received an overwhelming response for its private launch and unit selection event held earlier this morning. The project fully taken up within 3 hours.
KIP Sentral is strategically located in Kota Warisan, Sepang, which is an upcoming integrated township synonymous with Xiamen University Malaysia Campus, Mitsui Outlet Park, KL International Airport (KLIA) and the Sepang F1 Circuit.
INTRODUCTION OF THE GEMS
The Gems, in IOI Resort City, a resort address nestled in the south of Klang Valley, is ideally located away from the hustle and bustle of the city life yet enjoying modern living with the convenience of easy accessibility to neighbouring townships and the capital city of Kuala Lumpur due to its connectivity and accessibility via major highways.
There will be no further sale of land within the Tun Razak Exchange (TRX) compound in the next two to three years until the infrastructure for the 70-acre mixed-use development in the heart of Kuala Lumpur is ready.
China's Alibaba Group Holding Ltd established its first overseas e-commerce hub in Malaysia yesterday, which will see the e-commerce giant investing into both the infrastructure and real estate projects.
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, announced the signing of a management agreement with Yuk Tung Properties Sdn Bhd, a member of the Yuk Tung Group, to develop a 338-room Crowne Plaza, a 5-star international hotel brand, in downtown Kuala Lumpur.
The KL Gateway Mall, part of the KL Gateway mixed development in Bangsar South, Jalan Kerinchi, Kuala Lumpur targets to achieve 100% tenancy by Q3 2017.
The Hamilton at Wangsa Maju was fully taken up on its unit selection day held yesterday. It was fully booked by 10am with the expected signing of SPA period to begin in early March.
The worst for the property market seems to be over, as exemplified by the overwhelming response from buyers of 3rdNvenue located off Jalan Ampang.