by Tim Leonard (The Edge)

KUALA LUMPUR: Financial jitters stemming from the subprime loan crisis may be reverberating across the globe but for the Malaysian property market, it’s business as usual.

Yet another benchmarking transaction has taken place and the address is none other than Jalan Stonor in the super prime KLCC in the heart of the city. The YTL group has just acquired a parcel, about one acre (0.4 hectare) on Jalan Stonor for RM85 million which, according to sources, works out to about RM2,000 psf.

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By Sharen Kaur (Business Times)

NATIONAL property development agency UDA Holdings Bhd has sold 95 per cent of Gaya Bangsar, its latest high-end development in Kuala Lumpur, within a week of the pre-launch. Gaya Bangsar is a 34-storey full-service luxury condominium tower that comprises 285 residential units ranging in size from 671 sq ft to 1,610 sq ft. The units are priced between RM350,000 and RM900,000 each.

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