Property & Real Estate news in Jambatan Putra Putrajaya
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Country Heights unit's Kajang commercial property up for RM55mil auction
A subsidiary of Country Heights Holdings Bhd, Country Heights Commercial Development Sdn Bhd, faces a judicial auction of a 2.60-hectare commercial property in Kajang, Selangor, with a reserve price of RM55 million. The property was pledged as collateral for an S$11.5 million loan from CGS International Capital Singapore, and the auction is scheduled for Sept 21, 2026, after a previous attempt at RM69.85 million failed.
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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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Federal Court refuses developer leave to appeal Cyberjaya bungalow project ruling
The Federal Court in Putrajaya has refused Lakefront Residence Sdn Bhd and Timeless Hectares Sdn Bhd leave to appeal a Court of Appeal decision that halted a commercial project near 28 luxury bungalows and villas in Cyberjaya. The April ruling found the developer breached sale and purchase agreements by converting residential units to commercial use, and the applicants were ordered to pay RM50,000 in costs.
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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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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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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.
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NCT Alliance hands over first phase of RM10.2b Selangor smart industrial park, launches second phase
NCT Alliance Bhd has begun handing over vacant possession of the first phase of its NCT Smart Industrial Park in South Selangor, with nearly 90 per cent of its 280 units taken up. The company also launched KM2, the second phase adding 241 industrial units, at an event officiated by Selangor Menteri Besar Datuk Seri Amirudin Shari.
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Sime Darby Property launches first ready-built factories at BBR Business Park
Sime Darby Property has unveiled Prestige Collection 1, its first ready-built semi-detached factory offering at BBR Business Park in Bandar Bukit Raja, Selangor. The launch took place at the Bandar Bukit Raja Industrial & Commercial Connect 2026 event, where the developer also previewed its Quadria II shop offices.
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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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MYDIN to open first hypermarket at KITA @ Cybersouth township in Dengkil
LBS Bina Group has signed a lease agreement with MYDIN to open the first hypermarket at its KITA @ Cybersouth development in Dengkil. The new MYDIN store will be built on a 1.37-acre site with a floor area of 24,000 square feet as part of the KITA Avenue Square commercial component. The township currently has about 30,000 residents, a number expected to grow to 70,000.
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LSH Capital, PNSB, Seriemas launch RM850mil Morib rejuvenation project
Lim Seong Hai Capital Berhad, together with Permodalan Negeri Selangor Berhad and Seriemas Development, has launched the Morib Rejuvenation Project in Kuala Langat, Selangor. The project will rejuvenate the Sri Morib Golf Course and develop a mixed-use project with a gross development value of RM850 million over 10 years.
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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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Orgabio buys Semenyih industrial property for RM11.26m to expand warehousing
Orgabio Holdings is acquiring a freehold industrial property in Semenyih, Selangor for RM11.26 million. The company plans to use the site, which is adjacent to its new factory, for warehousing to support its instant beverage premix operations.
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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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Nuvah targets November start for 3D-printed bungalow
Nuvah Sdn Bhd is targeting a November start for the construction of Villa Bayu, a proposed 3D-printed luxury bungalow at Eco Majestic in Semenyih, Selangor. The project is part of a plan to commercialise 3D construction printing in Malaysia.
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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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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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Eco Radiance: New Freehold Township in Semenyih
EcoWorld's new Eco Radiance township in Semenyih, Selangor, is a large-scale 'City in Nature' development with homes, commercial areas, and parks. The first residential precinct, Astrea Collection, offers terrace homes priced above RM680,000.
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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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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.