Property & Real Estate news in Rasa Hulu Selangor Selangor
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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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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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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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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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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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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.
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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.