Property & Real Estate around you
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200,000 residents in Bukit Jalil oppose 17,000-unit apartment project
More than 200,000 residents from Bukit Jalil, Bandar Kinrara and Taman Puncak Jalil are opposing a proposed 17,000-unit apartment development in Bukit Jalil, citing worsening congestion and inadequate infrastructure. The project was postponed after failing to get DBKL approval, and residents plan to submit a memorandum to the Prime Minister in October.
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Radium Arena at Old Klang Road: 988 freehold units in two towers
Radium Development Berhad is building Radium Arena, a freehold residential project on about 3.03 acres along Old Klang Road in Kuala Lumpur. It has 988 units across two towers of about 40 storeys each, sized 658 to 920 sq ft, with an eight-storey business podium and over 30 lifestyle facilities. The developer says it has provisional GreenRE Gold certification.
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Tan & Tan to launch RM655m Aviera in Bangsar South in Q4 2026
Tan & Tan Developments Bhd will launch Aviera, a freehold transit-oriented development in Bangsar South, Kuala Lumpur, in the fourth quarter of 2026. The 3.5-acre project has a gross development value of RM655 million across two towers, Aviera Flex and Aviera Skye, with indicative pricing from RM326,000 and completion targeted for 2031.
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Businesswoman says she was duped into buying Bumiputera-quota shop lots in Damansara
A woman in her 60s claims she was misled by a developer into buying two commercial shop lots in Damansara in 2010 that were actually Bumiputera-quota units. The status only surfaced when she tried to sell the premises, and she now faces a transfer penalty to the Selangor state government. MCA and SOAM are pressing for an investigation under Section 420 of the Penal Code.
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Businessman says he only learnt shoplots were Bumiputera lots 16 years after buying
A 61-year-old businessman says he bought two four-storey shoplots at Kota Damansara Signature Park in 2010 without being told they were Bumiputera lots, and found out only when he tried to sell one. He has lodged a police report against the developer and says he must now pay the Selangor government to convert the property to non-Bumiputera status.
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Paramount Corp opens 11th Co-labs Coworking outlet at Sunway Square
Paramount Corp Bhd has opened its eleventh Co-labs Coworking outlet at Sunway Square Corporate Tower 1 in Petaling Jaya. The 19,000 sq ft space on Level 9 offers 268 seats and is currently 30% occupied, with two more multinational companies expected to bring it to 50% by month-end. Two more outlets are planned next year in Johor Bahru and the Klang Valley.
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Taman Gasing Indah terrace house sold for RM850k after two days
A double-storey terrace house in Taman Gasing Indah, Petaling Jaya, Selangor was sold for RM850,000 just two days after listing. The buyers were drawn to its refurbished condition, freehold status and price about RM200,000 below market. A similar unit sold for RM790,000 in October 2022, while average asking prices in the area are around RM1.17 million.
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EI Power buys Shah Alam factory for RM17.2mil using IPO funds
EI Power Bhd's subsidiary is acquiring a freehold factory in Shah Alam for RM17.2 million. The purchase will be funded mainly by proceeds from its IPO, with the deal expected to complete within three months.
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Chin Hin Property enters industrial segment with RM449m Kota Damansara hub
Chin Hin Group Property Bhd has entered the industrial property development segment with The NeX, an integrated industrial-commercial hub in Kota Damansara with an estimated GDV of RM449.4 million. The project follows shareholders' approval of the group's RM66 million acquisition of a 16,222 square metre leasehold industrial site. The development is expected to be completed by 2029.
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Overpricing may hurt developers' financing approval, bank warns
At the Rehda Institute conference at Wisma Rehda, Kelana Jaya on Sept 8-9, OCBC Bank Malaysia warned that setting selling prices too high can lower a developer's chances of getting project financing approved. The bank also weighs rising construction costs, breakeven sales above 85% and the developer's track record before lending.
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MAPEX 2026 property fair opens in KL, targets RM2 billion in sales
The Malaysia Property Exhibition (MAPEX) 2026 opened today at the Mid Valley Exhibition Centre in Kuala Lumpur, featuring 22 developers offering about 5,000 property units across the Klang Valley, Melaka, Pahang and Penang. Organisers expect RM2 billion in sales during the three-day event, which also includes participation from five government agencies.
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Shop at USJ Sentral 3 sold for RM3 million
A shop unit at USJ Sentral 3 in Subang Jaya, Selangor, was sold for RM3 million. The six-storey building attracted a buyer due to its strategic location and growth potential.
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Chin Hin Group Property tops out Ayanna Resort Residences in Bukit Jalil
Chin Hin Group Property has topped out its Ayanna Resort Residences project in Bukit Jalil, Kuala Lumpur. The RM732.1 million development, which is 95% sold, is on track for handover in the second quarter of 2027.