News by Rachel Chew

IOI Properties Group Bhd plans to officially launch two residential blocks of its new freehold mixed development Conezion @ IOI Resort City at Putrajaya this weekend.

About 4,000 households in Bandar Bukit Raja celebrated Earth Hour together with the developer, Sime Darby Property Bhd, last Saturday.

Vancouver’s prime residential property market’s average price growth in 2015 was 24.5%, the highest in the world, according to international real estate consultancy Knight Frank.

Investment items popular among the UNHWI over the past 10 years were in the specialist commercial real estate sector, such as student accommodation, automotive, healthcare and hotels.

The commercial space at Circus West is the foundation of a vibrant new neighbourhood that delivers a community-focused village environment.

About 26% of Malaysian ultra high net worth individuals (UHNWIs) are considering changing domiciles – the second highest rate in the world after China, at slightly over 30% – said Knight Frank Malaysia managing director Sarkunan Subramaniam.

Property remains a hugely important element of Malaysian ultra high net worth individuals' (UHNWIs) investment portfolios despite the sharp decrease in the number of Malaysian UHNWIs, said independent global property consultancy Knight Frank.

The Malaysian Institute of Architects (PAM) president Mohd Zulhemlee urged the authorities to raise the passing rate of professional architecture courses to solve the shortage of architects.

Real estate agency heads said Malaysia’s current political uncertainty remains among the biggest challenges to the real estate industry.

‘Gen-Y are more open-minded and willing to embrace change, while the Gen-X are more steady.’