Property & Real Estate news in Gsc Mid Valley
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Lot 530 in Jalan Jati, KL up for tender at RM2,500 psf
An almost 11,000 sq ft freehold parcel known as Lot 530 in Jalan Jati, Kuala Lumpur, is being sold via tender with an asking price of about RM2,500 psf, or roughly RM27 million. The land sits near Bukit Bintang and TRX, and the tender closes on Sept 11.
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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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SkyAman 1 Residences launches in Cheras with 510 units across 50 storeys
SkyAman Development Sdn Bhd, a subsidiary of SkyWorld Development Berhad, has unveiled SkyAman 1 Residences, a 50-storey condominium with 510 units in Cheras, Kuala Lumpur. The 3- and 4-bedroom homes measure 1,097 to 1,548 sq ft on 99-year leasehold, with completion expected in September 2029.
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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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Kenyalang Smart City in Miri courts Norway for new growth corridor
Kenyalang Smart City (KSC) in Senadin, Miri, is seeking Norwegian involvement in its RM10.5 billion, 548-acre smart-city development. Imasa Dinasti Sdn Bhd chairman Ar. Teo Ah Khing met Norwegian Ambassador to Malaysia and Brunei Marianne Fosland at the Royal Norwegian Embassy in Kuala Lumpur to discuss cooperation in technology, sustainability and regional connectivity. The move follows a July Memorandum of Understanding with Muara Port Company to link KSC with Muara Port in Brunei.
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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.
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Country Heights subsidiaries' properties up for judicial auction with RM207.8m reserve prices
Two properties owned by wholly owned subsidiaries of Country Heights Holdings Bhd are set for judicial auctions with combined reserve prices of RM207.77 million. The larger asset, Mines Waterfront Business Park in Petaling, Selangor, carries a RM152.77 million reserve and is due for auction on Nov 4, while a 6.41-acre commercial parcel in Country Heights, Kajang, will be auctioned on Sept 21 with a RM55 million reserve.
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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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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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Office unit at MOF Inc Tower in KL rented for RM80,130
An office unit at MOF Inc Tower in Kuala Lumpur was leased for RM80,130 per month. The tenants were attracted by the fully furnished unit and suitable rental terms for their expansion plans. The average asking rate for similar units in the building is RM50,351.18 per month.
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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.
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Regalton KLCC: 65-Storey Twin Towers Launch in KLCC Precinct, from RM977,200
Regalton KLCC is a new serviced residence development along Persiaran KLCC in Kuala Lumpur. The project features two 65-storey towers with 850 units, with indicative prices starting from RM977,200 and going up to about RM9.467 million.
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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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Taman Titiwangsa bungalow rented for RM28,000
A bungalow in Taman Titiwangsa, Kuala Lumpur, was rented for RM28,000 per month. The tenant was attracted by its strategic location, spacious layout, and private pool. The property found a tenant after a month on the market.
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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.
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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.
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Ombak KLCC completes the KLCC Precinct; Galeri PETRONAS to open in 4Q2027
Ombak KLCC, a new mall completing the KLCC Precinct in Kuala Lumpur, has been launched. Galeri PETRONAS is slated to open in the fourth quarter of 2027, and the mall is hosting a National Day event until August 31.
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Mah Sing To Acquire Ampang Land For RM186 Million, Plans RM1.92 Billion Project
Mah Sing Group is acquiring 14.38 acres of land in Ampang, Selangor for RM186.17 million to develop a residential project with an estimated GDV of RM1.92 billion. The acquisition involves three parcels from two sellers and marks Mah Sing's third development in Ampang.
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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.