House prices in KL, Johor, Penang jump by more than 30% in 2013

PropertyGuru.com.my: Kuala Lumpur, Johor and Penang saw average residential property prices increase by more than 30 percent last year, according to the Property Market Report 2013 by the Valuation and Property Services Department (JPPH). Specifically, average residential property prices in Johor rose 39.92 percent to RM275,854 in 2013 from RM197,147 in 2012. Kuala Lumpur posted
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LBS unit to develop land in Johor under the Affordable Home Programme

PropertyGuru.com.my: LBS Bina group Bhd’s 60 per cent subsidiary, Koleksi sigma Sdn Bhd, had entered into a joint development agreement with YPJ Multi Ventures Sdn Bhd to develop four plots of land in Johor, according to the Business Times. LBS Bina said they are all located in Pulai and will be developed into housing developments
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ERL eyes the KL-Singapore HSR project

PropertyGuru.com.my: Armed with its capabilities and technical know-how, Express Rail Link Sdn Bhd (ERL) plans to bid for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project. ERL is the operator of KLIA Ekspres and KLIA Transit train services and is the only company in Malaysia operating the high-speed train, making it a good candidate for the
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RM30,000 house ownership subsidy in Selangor

PropertyGuru.com.my: Every house buyer in Selangor has been giving an average of RM30,000 in house ownership subsidy by the Selangor government, a state executive councillor said. In total, 124 affordable homes were built by PKNS in Bandar Baru Bangi, noted Iskandar Abdul Samad (Pas- Cempaka), the Housing, Building and urban Settler Management Committee chairman. “The
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Kuala Lumpur to lower assessment rates

PropertyGuru.com.my: To reduce the burden of the people, the assessment rates in Kuala Lumpur will be reduced amidst an increase in valuation of properties, said Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor. “I will discuss the proposal in the Cabinet and make an announcement on the quantum soon,” said Tengku Adnan, who noted
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20% of units at UEM condo reserved

PropertyGuru.com.my: Block B of UEM Sunrise’s Residensi 22 Mont’Kiara project was unveiled last Thursday, with prospective buyers booking 20 percent of the units. But by year-end, 70 percent of the units are expected to be taken up. Just like Block A which was sold out after it was launched last year, “we are confident that
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Flyover to improve Tropicana Metropark’s accessibility

PropertyGuru.com.my: A flyover that will connect the Federal Highway to the RM6.3 billion Tropicana Metropark project in Subang Jaya is expected to be ready by 2016. “The flyover had been conceived as part of our integrated development master plan right from the start. Once the construction is completed, the flyover will not only benefit the
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LBS Bina to build more projects in Iskandar

PropertyGuru.com.my: In order to take advantage of Iskandar’s booming property market, LBS Bina Group is poised to unveil two additional developments there, according to its Managing Director Datuk Seri Lim Hock San. Comprising mid-tier units, these projects will be carried out by the company itself. Although he refused to reveal other details, an announcement will
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RM4 billion Jalan Conlay project to start by year-end

PropertyGuru.com.my: KSK Group Bhd plans to build a RM4 billion mixed-use project on a 1.6ha site in Jalan Conlay that it purchased from Suasana Simfoni Sdn Bhd for RM568 million. Located near the Prince Hotel & Residence, the development will comprise a 200,000 sq ft retail podium and three towers. But the highest among the
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RHB Research impressed by Penang’s property scene

PropertyGuru.com.my: Analysts at RHB Research Institute Sdn Bhd (RHB Research) plan to keep an eye on certain property players with projects in Penang, given the vibrant property scene there. According to analyst Loong Kok Wen, the research house’s positive view on the state was reinforced after a recent visit to Penang. She revealed that they
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