News by Lam Jian Wyn

The Light Waterfront integrated development by IJM Land Bhd is one of three recipients of The Edge Malaysia Notable Property Achievement Award 2015.

Leisure Farm’s boasts impressive facilities such as the Balé Equestrian & Country Club, Kayu Manis Orchard, Canal Park, Health Farm, marina and clubhouse.

Making its return to the Top 10 this year is IJM Land Bhd (No 2), a huge jump from its 14th spot last year.

Novum, formerly known as Resonance, will come up on a three-acre freehold parcel along the Federal Highway. It will comprise three towers of 37 to 41 storeys, featuring 729 condos with built-ups of 647 to 1,445 sq ft. These include dual-key units.

The weaker ringgit may cause property prices to increase due to higher cost of building materials expected in the next three to six months. This may further weaken the already poor market sentiment.

The unit types available include 1-bedroom, 2-bedroom/1-bathroom, and 2-bedroom/2-bathroom apartments with built-ups ranging from 82 sq m to 181 sq m.

UEM Sunrise Bhd plans to launch a yet-to-be-named 23-storey apartment block on St Kilda Road in 2017, said managing director and CEO Anwar Syahrin Abdul Ajib. This will be the company’s third project in Australia.

The MIEA-theedgeproperty.com Top Online REN (Real Estate Negotiator) of the Year was young, poor and had no connections.

It is worth noting that properties in some areas have not seen growth in value for at least two consecutive quarters.