News by Tan Ai Leng

Sin Hee Yang Property Management Sdn Bhd’s first project this year, Taman Idaman Murni 2 at Bandar Baru Salak Tinggi, Sepang, has achieved 80% sales, according to director Loo Chee Yang.

Malaysia should try harder to woo Chinese tourists to shop here, as they are among the world’s biggest spenders and make up the largest consumer market of luxury goods, said Savills (Malaysia) Sdn Bhd managing director Allan Soo.

Leadmont Group plans to launch Holiday Villa@Selayang Star City investment scheme at the end of this month, offering investment opportunity to investors who are interested to tap into the hospitality industry, according to the company.

Astana Residence comprises 58 units of 2.5, 3 and 3.5-storey villa homes, with built-up sizes ranging from 5,348 sq ft to 6,456 sq ft.

Even though the economy is improving, many Gen Y have chosen to move back home over the past four years.

According to Savills Hong Kong senior director of research and consultancy Simon Smith, e-tailing data showed that although online retail sales continue to rise, the growth rate is slowing down; global e-commerce annual sales value growth last year was 13% against 15% achieved in 2014.

The Malaysian Property Expo (Mapex) 2016 is expected to generate RM500 million in sales, said its organising chairman Datuk Ng Seing Liong.

Best Buy Property, which will kick off this Thursday, is targeted to attract 8,000 visitors and expected to reach the sales of RM18 million, according to the organiser of the exhibition.

Titijaya Land Bhd believes that market demand for landed properties remains resilient and plans to roll out two landed projects in Cheras and Klang this year, which have a total estimated gross development value (GDV) of RM205.4 million.

According to BRDB sales and marketing general manager Kim Neoh, Camelia has a gross development value of RM161 million, with selling prices of RM310 to RM380 psf.