Property & Real Estate news in Damansara Selangor
-
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.
-
Foreign businesses push up rents in Mont Kiara and Sri Hartamas
In Kuala Lumpur's Mont Kiara and Sri Hartamas areas, an influx of Korean and Chinese businesses is driving up commercial rents, with some newcomers offering well above asking prices for shop lots. Local SMEs say landlords now expect unrealistic rents, making it hard for them to compete.
-
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.
-
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.
- You saw it first Something happening near you? Post it. Road closed, night market moved, burst pipe, lost pet — share it nearby. Post something nearby →
-
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.
-
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.
-
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.
-
Kwasa Land seeks approval to turn 60 acres of commercial land in Kwasa Damansara into homes
Kwasa Land, an EPF subsidiary, plans to convert about 60 acres, or 13%, of commercial land in Kwasa Damansara into residential plots, pending local authority approval. The move aims to rebalance the township's master plan after market studies showed the commercial component was too high. The township targets over 60,000 residents in five years and 100,000 by 2050.
-
WOLO Mont Kiara: 60-storey hospitality-led residences launching in Dutamas
Magma Kiara Sdn Bhd is developing WOLO Mont Kiara, a 60-storey mixed-use tower along Persiaran Dutamas. The project will feature 378 branded residences, 98 serviced suites, a 63-room hotel, and retail lots, with the hotel affiliated with Marriott Bonvoy's Design Hotels. The development emphasizes a hospitality-led residential concept with design-led interiors and is positioned near the future MRT3 Dutamas station.
-
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.
-
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.
-
JKG Land brings resort-style living to Mont'Kiara with Aosis
JKG Land is launching Aosis Mont Kiara, its first project in Mont'Kiara, Kuala Lumpur. The 40-storey, 244-unit freehold development on Jalan Kiara 5 has a GDV of RM523.8 million and features larger units and resort-style amenities. A preview was held on Aug 8, with the official launch scheduled for later this year.
-
Radium to soft-launch RM435 mil Radium Evara in September
Radium Development Bhd will soft-launch its RM435 million high-rise residential project Radium Evara in Kepong, Kuala Lumpur, by September. The project comprises 797 units across two towers, with prices starting from RM580,000 for open-market units and RM300,000 for Rumah Mampu Milik units. The development is targeted at first-time homebuyers and families, with completion expected by 2030.
-
Luxury redefined
The Edge's property roundup highlights upcoming luxury launches in Mont Kiara, including MAIA Mont'Kiara and Aosis Mont Kiara, as well as new Hilton hotels in Kuala Lumpur. It also covers commentary on the national housing policy and international property news.