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High crime rate and poor upkeep make premises in Taman Sentosa unpleasant to live in
By: Elan PerumalThe shoplots are rotting away after being abandoned for many years.SEVERAL blocks of shophouses at Taman Sentosa in Klang are in a deplorable condition after the properties were abandoned by their owners.About 300 out of the 900 units at the area are occupied, making it look very...
Two severely injured as parts of building collapse
Close call: Workers at the Prima Selayang construction site clearing up building materials after the floor structure on the fourth and sixth floor of the building collapsed.— BernamaPETALING JAYA: Two men were severely injured while three others suffered minor injuries when two levels of a...
China July property investment slows further, sales improve
BEIJING: China’s real estate investment growth continued to slow in the first seven months of 2015 due to weak new construction, but property sales and housing investment improved, indicating a mixed recovery in the struggling property market.Property investment, a main driver of the economy,...
Mitrajaya posts 70% earnings growth in Q2
KUALA LUMPUR: Mitrajaya Holdings Bhd’s earnings jumped 70% year-on-year to RM23.09mil in the second quarter (Q2) ended June 30, 2015, as the construction division more than doubled its contribution.The company, whose revenue rose 80.5% to RM243.2mil for the quarter, told Bursa Malaysia that...
Major decline in housing supply
BY LIM SIAU WEE MALACCA: The supply of residential properties has declined 50.1% from 4,223 units in 2014 to 2,106 units this year.The Real Estate and Housing Developers’ Association Malaysia (Rehda) Malacca chapter chairman Anthony Adam Cho Tian Han described the trend as worrying.He said if it...
Real estate agent gets jail and fine for upskirt photos
KUALA LUMPUR: A 29-year-old real estate agent charged with taking upskirt photographs cried in court after he pleaded guilty.Before sentencing, magistrate Nur A’minahtul Mardiah asked Long Jhow Weh why he had committed such a gross act.Long, who spoke in Mandarin, claimed he had a mental problem...
Sunway REIT Q4 profit up 52% due to retail segment
PETALING JAYA: Sunway Real Estate Investment Trust (REIT) said its fourth quarter net profit rose 52.16% to RM357.91mil from RM235.21mil in the same quarter a year ago.Profit for the year jumped 32% to RM541.4mil, comprising realised profit of RM242mil million and unrealised profit of RM299.4mil...
A jewel in the Sungai Buloh West growth corridor
As residential landed property prices escalated in established townships in the heart of Klang Valley, the market has seen home buyers moving to the northern growth corridor. Greater KL North comprising Shah Alam North, Puncak Alam and Sg Buloh (also known as “Sungai Buloh West” by Ho Chin...
State agrees to build new houses for first-time buyers
BY ZAZALI MUSANew attire: Adam (third from right) assisting Kampung Mahmoodiah Rela chief Daud Ismail with the new uniform while Md Shah (fourth from left) looks on.JOHOR BARU: Plans are in the pipeline to enable more eligible first-time house buyers to own affordable homes in the Tanjung Puteri...
Put a stop to Section 17 high-rise project, state urged
BY BRENDA CH’NGWhere are the plans?: Wong (left) relating the problems faced by hawkers to (from right) Tan, Petaling Jaya Utara MCA division youth secretary Chan Kee Oi and deputy chairman Ch’ng Soo Chau.PETALING Jaya Utara MCA division chairman Tan Gim Tuan has called on the state government...