PETALING JAYA: IOI Properties has unveiled Stellar Suites, the first small office versatile office (Sovo) tower in Puchong, located within a well-established area with thriving business activities. The freehold project is also the first transit oriented development in Puchong, located just 50m from the Bandar Puteri LRT station. Designed with versatile, business-friendly layouts and open-plan interior spaces to suit various types of businesses, Stellar Suites offers offices sized from 860 sq ft to 1,550 sq ft. Comprehensive facilities for business gatherings are provided for occupants, including two meeting rooms, a boardroom and two outdoor Mingling Terraces at level 14 while Launch Pad at level 10 offers an open area to relax and take short breaks from work. Occupants can also utilise the lifestyle facilities which include the Sky Gym and steam baths. Purchasers of Stellar Suites can take advantage of the IOI F.R.E.E. Ownership campaign which offers property ownership incentives … [Read more...] about IOI Properties unveils Stellar Suites in Puchong
Property
As environmental risks increase, governments consider buyouts for flood-prone properties
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By Bruce Campion-Smith Ottawa Bureau Alex Ballingall Ottawa Bureau Tues., April 30, 2019 OTTAWA—Rising floodwaters that have forced thousands of people to evacuate, left homes awash and spurred costly government responses are prompting political discussions about whether homeowners should be permanently moved out of high-risk flood zones. “We recognize how this is a new reality for far too many people. Extreme weather situations are coming more and more often,” Prime Minister Justin Trudeau told reporters Tuesday. Trudeau said the federal government will need to work with municipalities, provinces and residents in areas that “will have to move or rebuild differently. “We know that the reality of climate change is hitting us harder every year, and this government is going to be a partner,” he said. Floods in New Brunswick, Quebec and Ontario have hit more than 15,000 homes and the forecast of rain has officials … [Read more...] about As environmental risks increase, governments consider buyouts for flood-prone properties
Residential property overhang up by 30.6% in 2018
KAJANG: The residential overhang worsened last year, rising 30.6% in volume to 32,313 units and 27% in value to RM19.86 billion, as revealed in the Property Market Report 2018. According to the report, which was launched by the Valuation and Property Services Department today, high rise residential houses formed the bulk of the overhang units, representing 43.4% of the total. Most of the overhang units were located in Perak (20.7%) and Kuala Lumpur (19.2%). The number of overhang homes in 2017 stood at 24,738 units worth RM15.64 billion. Overall, the property market was flat last year, recording only marginal increases of 0.6% in volume and 0.3% in value against 2017. The property sector recorded a total of 313,710 transactions worth RM140.33 billion last year, supported by the residential segment which recorded 197,385 transactions worth RM68.75 billion. … [Read more...] about Residential property overhang up by 30.6% in 2018
Unsold residential properties up 30.6% in 2018
KAJANG: The residential overhang worsened last year, rising 30.6% in volume to 32,313 units and 27% in value to RM19.86 billion, as revealed in the Property Market Report 2018. According to the report, which was launched by the Valuation and Property Services Department today, high rise residential houses formed the bulk of the overhang units, representing 43.4% of the total. Most of the overhang units were located in Perak (20.7%) and Kuala Lumpur (19.2%). The number of overhang homes in 2017 stood at 24,738 units worth RM15.64 billion. Overall, the property market was flat last year, recording only marginal increases of 0.6% in volume and 0.3% in value against 2017. The property sector recorded a total of 313,710 transactions worth RM140.33 billion last year, supported by the residential segment which recorded 197,385 transactions worth RM68.75 billion. … [Read more...] about Unsold residential properties up 30.6% in 2018
Listed property firms see bright first quarter
Listed property firms have continued to show presales growth in the first quarter of this year, according to a survey by The Nation. The trend was confirmed by a property analysis that forecasts listed property firms will see their total revenue grow in the first quarter of this year when compared with the same period of last year, due to most of their customers speeding up property transfers before the Bank of Thailand’s landtovalue (LTV) measure came into effect on April 1. According to announcements by listed property firms for their presales in the first quarter of this year, AP (Thailand) recorded high presales of Bt12.58 billion in the period, pushing the company above 30 per cent of projected presales of Bt41.8 billion for the whole of 2019. Sansiri Plc recorded presales of Bt6.6 billion in the first quarter, or 18.33 per cent of its presale target of Bt36 billion for the year (for other firms, see graphic). AP (Thailand) Plc’s chief for corporate … [Read more...] about Listed property firms see bright first quarter