Durian News & Articles

Low Yat Group, recognised for building Malaysia's first international hotel, The Federal Hotel in Bukit Bintang in 1957, said that its latest double-story terraced housing project, Amaya, has achieved sales of RM112.5 million in six months. The current take-up rate for the project, which has a gross development value of RM129 million, is 90 per cent. The launch took place in November 2022. According to Andrew Goh, general manager of area pr Read more

Bursa Securities had 26 queries about YNH Property Bhd's land sale in Desa Sri Hartmas to Sunway Bhd's wholly-owned subsidiary Sunway Living Space Sdn Bhd for RM170 million cash. Kar Sin Bhd, YNH's wholly owned subsidiary, entered into a sale and purchase agreement (SPA) with Sunway Living Space on May 12 to sell a 2.06-hectares plot of land in Sri Hartamas. According to a May 19 stock exchange filing, Bursa first requested a brief backgrou Read more

The Selangor State Development Corporation (PKNS) expects that housing loan applications for its projects would exceed RM100 million following its collaboration with Bank Simpanan Nasional (BSN). Its chief executive officer (CEO), Datuk Mahmud Abbas said that the target for the first year of the partnership with BSN is based on the value of the projects launched by PKNS. PKNS and BSN signed a memorandum of understanding (MoU) yesterday. Read more

PETALING JAYA: Perbadanan Kemajuan Negeri Selangor (PKNS) melancarkan projek pembangunan Puteri Ariana, kediaman teres dua tingkat sempena kempen Discover PKNS 2023 di Kota Puteri, Selangor, baru-baru ini. Ia adalah sebagai sebahagian daripada usahanya untuk memperluaskan portfolio rumah kontemporari di pusat pertumbuhan Kota Puteri. Pelancaran projek berkenaan disempurnakan oleh Timbalan Ketua Pegawai Eksekutif PKNS (Pembangunan Hartanah), Read more

KUALA LUMPUR: EcoFirst Consolidated Bhd baru-baru ini menandatangani kemudahan pembiayaan dengan AmBank Group untuk pembinaan KL48, projek pertamanya sejak pandemik COVID-19. Projek bersepadu itu yang terletak di tanah pegangan bebas seluas 1.69 hektar (4.18 ekar) di kawasan Jalan Chan Sow Lin mempunyai nilai pembangunan kasar (GDV) sebanyak RM1 bilion. Ia dijangka siap pada suku kedua 2027. Ketua Pegawai Eksekutif EcoFirst, Datuk Tiong Read more

Melaka will soon see the development of the 88-storey ASEAN-China Tower that will be built in the Melaka Waterfront Economic Zone (M-WEZ), said Melaka Chief Minister Datuk Seri Ab Rauf Yusoh. Ab Rauf, who is the chairman of M-WEZ, said that the ASEAN-China Tower is one of the projects that will have a significant impact on the state. M-WEZ is focusing on waterfront development in the existing reclaimed sea area of 10,117.14 hectares startin Read more

PETALING JAYA: Fewer properties changed hands in the first quarter of 2023 (Q1 2023) compared with the last quarter of 2022 (Q4 2022) but their total value was marginally higher. In a media statement today, the Valuation and Property Services Department (JPPH) said about 89,000 units of property were bought and sold in Q1, down 5.7% quarter-on-quarter (q-o-q). However, the transaction value rose 0.8% to RM42.31 billion. JPPH said this was a Read more

KUALA LUMPUR: Kenaikan 0.25 peratus Kadar Dasar Semalaman (OPR) awal bulan ini memberikan sedikit impak negatif kepada sektor hartanah memandangkan kadar faedah yang bertambah dijangka menyebabkan minat pembelian berkurangan disebabkan oleh ansuran pinjaman lebih tinggi. Penganalisis MIDF Research, Jessica Low Jze Tieng, berkata firma penyelidikan itu menganggarkan bahawa setiap kenaikan 0.25 peratus kadar faedah akan meningkatkan sedikit pinj Read more

GDB Holdings Bhd has filed a lawsuit against KSK Land Sdn Bhd to recover the RM102.076 million that the builder alleges is owed by the developer's unit for the 8 Conlay mixed development in Kuala Lumpur, Grand Dynamic Builders Sdn Bhd (GDBSB), a wholly owned subsidiary of GDB, filed a writ of summons and statement of claim against KSK at the High Court on May 12, 2023. It told the stock exchange yesterday that the circumstances leading to t Read more

Sunway Berhad plans to launch its latest transit-oriented development (TOD) in Sri Hartamas, Kuala Lumpur featuring serviced apartments, retail and wellness suites, by early 2025, said Sarena Cheah, managing director of Sunway Property. She said the acquisition of the plot of land for the proposed TOD project comes ready with an approved development order with a plot ratio of 5. "We are excited to add this prime land to our portfolio and to Read more