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"This is to help those who work in hotels, restaurants and all services industry in Kuala Lumpur where they can afford to rent a room even if their salary is low.”

The developer could pursue a dual listing in Malaysia and Hong Kong or Singapore as it seeks to monetise some of its assets valued at more than RM30 billion, said Lim Kang Hoo, executive vice-chairman of Iskandar Waterfront.

"The state government will sit down with Rehda to find out what development aspects that could be exempted which can indirectly cut construction costs.”

Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state authorities are very strict in their selection process for affordable houses.

While he is no architect, Ee Soon Wei is no stranger to the practice of adaptive reuse. In 2012, the 36-year-old spearheaded the transformation of The Royal Press, his family’s printing press business in Melaka, in a bid to preserve the family legacy and revive the dying art of the letterpress.

Standing at the corner of Leith Street in George Town, Penang is the iconic indigo blue-walled Cheong Fatt Tze Blue Mansion.

Imagine living in a neighbourhood that generates its own electricity, where public areas have 24-hour camera surveillance and residents are encouraged to get around by electric car-sharing services provided by the township.

WHAT do hospitals of the future look like? Drawing from his experience of designing the award-winning Khoo Teck Puat Hospital (KTPH) in Yishun, Singapore, Jerry Ong, senior vice-president of architecture of the healthcare division at Singapore-based CPG Consultants, envisions hospitals as “centres of wellness for everyone” instead of “repair shops to treat sick patients”.

Technology, low birth rates and an aging population are among the trends that will disrupt or affect the property development industry in the future, according to Varangkana Artkarasatapon, vice-president of business development and new business (high-rise) of Sansiri Public Company Ltd (Thailand) — one of Thailand’s most prominent luxury property developers.

TA Global Bhd, as its name suggests, has a global presence as a property developer with projects in various countries including Malaysia, Australia and Canada.