​KWASA Damansara City Centre (KDCC) forms the vibrant nucleus of the sprawling Kwasa Damansara integrated masterplan. It comprises retail spaces, offices, civic centres and residential component interlaced with pristine urban parks and lush landscaped green surroundings.

 The offices are situated on a 29.8-acre of land, a fully commercial component undertaken by Kwasa Land Sdn Bhd, while the remaining 64 acres of land will be developed by its project delivering partner, MRCB Land, into a mixed development that will form the entire KDCC. Planned and created by the pioneer of TOD developer, MRCB, the grand master plan of KDCC principally revolves around five distinct futuristic visions namely Green, Connectivity, Inclusive, Sustainability and Futuristic.

KDCC will be a green metropolis masterpiece with a healthy 25% of the entire master plan being dedicated to green spaces and parks. The city centre is set to become Malaysia’s first integrated township development featuring elevated walkways with easy access to public transportation and major highways.
Its inclusiveness cuts across the community; all walks of life can enjoy the wide public spaces, elevated walkways and lush urban parks. It is also being built to encompass multiple aspects of sustainability that include energy efficiency, the use of eco-materials, bio-climatic buildings, and landscape designs.

KDCC is envisaged to be an integrated ICT smart township with state-of-the-art digital systems and infrastructure complete with broadband and high-speed fibre wire connectivity. It will incorporate multiple transport solutions that cater to the needs of large commuter traffic volumes.
​
"KWASA DAMANSARA CITY CENTRE, A LANDMARK IN THE MAKING, ENCOURAGES VISION AND POSSIBILITIES"

Project Name: Kwasa Damansara City  Centre
Holding Company: MRCB Land
Project Location: Kwasa Damansara
Project Launch Date: 2020
Award Won: The Proximity Award

New opportunities

Old dated buildings that have low occupancy can be repurposed for new alternative uses depending on the location, neighbourhood and surrounding developments. 

With the current drop in property prices, it is a good time to track down such properties that can be used to generate a profitable income.

For businesses which are facing financial difficulties, they should consider a sale and leaseback opportunities to free their cash flows, Lim said.

“Such a move would lower fixed costs, and release capital for re-investment into their core businesses,” Moreover, there is no moving cost as these businesses can continue to operate from the same premise after their sale, he said.

There will always be new opportunities, but the key is knowing where to look.


Refer from starproperty.my

KUALA LUMPUR (May 20): Fire broke out at the construction site of Millerz Square on Old Klang Road, Kuala Lumpur at around 9.30am today. Developer Exsim Group said in a statement that no injuries have been reported so far.

“The local police and Bomba services were immediately alerted and the fire has now been put under control. Investigation on the cause of fire is ongoing.

“Our sincere apology to those who have been affected by this mishap, especially to the immediate neighbours,” the developer said in a statement on its website.

Thick smoke from the construction site of the mixed development could be seen from afar this morning.

“We will provide updates as and when more information is made available, we will be delivering further updates,” the developer said.

Refer from edgeprop.my

Wow! Bank Negara Malaysia have decide to further reduce the Overnight Policy Rate (OPR) by 50 basis point to 2% ONLY. Its ALL TIME LOW!

Monetary Policy StatementAt its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 50 basis points to 2.00 percent. The ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.25 percent and 1.75 percent, respectively.

Global economic conditions have weakened significantly. Measures to contain the COVID-19 pandemic have disrupted economic activity across most economies. Recent indicators show that the global economy is already contracting, with global growth projected to be negative for the year. Financial conditions have also tightened amid elevated risk aversion and uncertainty. Substantial policy stimuli introduced by many economies, coupled with the gradual easing of containment measures globally, would partially mitigate the economic impact of COVID-19. Growth prospects should improve in 2021 with the expected containment of the pandemic.        

For Malaysia, domestic economic conditions have similarly been affected by the pandemic. Widespread containment measures globally, international border closures and the consequent weak external demand environment will exert a larger drag on domestic economic activity. The Movement Control Order, while necessary to contain the spread of the virus, has also constrained production capacity and spending. Labour market conditions are also expected to weaken considerably. Economic conditions would be particularly challenging in the first half of the year. The fiscal stimulus measures, alongside monetary and financial measures will, however, offer some support to the economy. With more businesses allowed to operate under the Conditional Movement Control Order, economic activity is projected to gradually improve. The outlook for growth continues to be subject to a high degree of uncertainty, particularly with respect to developments surrounding the pandemic.

Inflationary pressures are expected to be muted in 2020, with average headline inflation likely to be negative this year, due mainly to projections for substantially lower global oil prices. Nevertheless, the outlook remains significantly affected by global oil and commodity prices, as well as evolving demand conditions. Underlying inflation is expected to be subdued given the projections of weaker domestic growth prospects and labour market conditions.

The financial sector is sound, with financial institutions operating with strong capital and liquidity buffers. Liquidity remains ample, augmented by liquidity injections by Bank Negara Malaysia. Since March 2020, Bank Negara Malaysia has provided additional liquidity of approximately RM42 billion into the domestic financial markets, via various tools including outright purchase of government securities, reverse repos and the reduction in Statutory Reserve Requirement. Bank Negara Malaysia stands ready to provide liquidity in the interbank market to ensure orderly market conditions, conducive to support financial intermediation activity.

With the decision today, the OPR has been reduced by a total of 100 basis points, complementing other monetary and financial measures by Bank Negara Malaysia as well as fiscal measures this year. Together, these measures will cushion the economic impact on businesses and households and support the improvement in economic activity. The MPC will continue to monitor the outlook for domestic growth and inflation. The Bank will utilise its policy levers as appropriate to create enabling conditions for a sustainable economic recovery.


Bank Negara Malaysia
05 May 2020

Refer from bnm.gov.my