Property & Real Estate around Serdang
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PTT Synergy unit wins RM83.26m earthworks contract from Sime Darby Property
Pembinaan Tetap Teguh Sdn Bhd, a unit of PTT Synergy Group Bhd, has secured an RM83.26 million contract from Sime Darby Property for earthworks and related tasks in Phase 1 of Bandar Bukit Raja Stage 4 in Klang, Selangor. The contract runs from September 2026 to March 2028.
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Court orders bungalow on Lorong Raja Uda 1 sold within 12 months
The Kuala Lumpur High Court has ordered the sale of a bungalow on Lorong Raja Uda 1, near Jalan Raja Muda Abdul Aziz, within 12 months to resolve a 15-year dispute between three siblings. Judicial Commissioner Arziah Apandi found their relationship irreparably broken and said the sale was necessary because the eldest brother held only a one-third beneficial share while two-thirds was held in trust for his two sisters.
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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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Rehda signs MoUs with MGTC and MCMA on sustainable property development
Rehda has signed two separate memoranda of understanding with MGTC and MCMA to advance sustainable property development and strengthen industry understanding of carbon markets. The MoU with MGTC was signed on Sept 10 at Mitec during International Sustainability Week 2026, while the MCMA partnership focuses on knowledge sharing and capacity building in carbon management and decarbonisation.
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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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OCR Group launches RM344mil D'Templer Hilltop Residences in Templer, Selayang
OCR Group Berhad has launched D'Templer Hilltop Residences, a RM344 million freehold landed development in Templer, Selayang North, Selangor, comprising 52 semi-detached homes and nine bungalow lots. The project sits within the existing Dolomite Templer development, and OCR has spent about RM2.5 million upgrading the guardhouse, security, landscaping and infrastructure there.
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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 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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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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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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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.