News by Au Foong Yee

Koharu Resort Hotel & Suites in Hakuba, Japan is Bukit Kiara Properties Sdn Bhd’s (BKP) first foray overseas. This ¥1.8 billion (RM66.8 million) development lies in the popular Japanese ski hub of Hakuba in Nagano, one of the host venues of the 1998 Winter Olympics.

Thematic malls are not new to Malaysia, with some hits and misses along the way.

A surprisingly positive response to a not-so-affordable property.

“Quite an adventure”. This is how Lee, a lawyer from Sungai Buloh, summed up the experience he and his wife had in buying a semi-detached home at Setia Eco Templer. The couple was among those who had queued overnight to secure their dream home.

It is noteworthy that while the general market was down, agricultural and development land bucked the trend with investors.

Taman Tun Dr Ismail and Bangsar are two hot freehold addresses in Kuala Lumpur, especially for landed residential property.

Truth be told, hacking at and tearing down walls of a newly-bought property are a norm these days, be it a brand new or lived-in unit.

Property overhang units must not be confused with unsold stock. The government has defined overhang units as properties that are completed and issued with Certificates of Fitness for Occupation or Temporary Certificates of Fitness for Occupation, but remain unsold despite having been put on the market for at least nine months.

Developers, sweating from the cool response to recent property launches, are starting to “fight” back.

This is the 13th edition of The Edge Malaysia’s property awards, introduced to recognise Malaysia’s best developers and to raise the benchmark for them and their development projects.