The old Jaya Shopping Centre building is an investment property under CIMB-Mapletree Real Estate Fund 1 (CMREF 1) currently managed by real estate fund management company CIMB Mapletree Management Sdn Bhd — a 60:40 joint venture between CIMB Group and Singapore’s Mapletree Investments Pte Ltd.When contacted, CIMB-Mapletree Management said it would be premature to comment as the authorities are

Some property buyers seem to have no qualms about buying off the plan, armed only with information gleaned from glossy brochures dished out by sweet-talking sales personnel. While the number of discerning investors may be growing, there are still the uninitiated and the presumptuous who do not know what they are getting themselves into.

The Klang Valley secondary housing market in 1Q2009 was generally flat with little change in prices in most areas from the previous quarter.

Jalan Imbi poised for growth Kuala Lumpur’s Golden Triangle is popularly recognised as the country’s main commercial hub with world-class shopping centres, hotels, offices and trendy shops that are bordered by Jalan Bukit Bintang, Jalan Sultan Ismail and Jalan Imbi.

When it comes to property development in Sri Hartamas, among the players that are likely to be mentioned is Malaysia Land Properties Sdn Bhd (Mayland). The Hong Kong-based developer, which recently launched its serviced apartments, The Regalia development off Jalan Sultan Ismail in Kuala Lumpur last year, is still busy in Sri Hartamas.

KUALA LUMPUR: The shops on Jalan Imbi, located in Kuala Lumpur's Golden Triangle, may soon pave way for new developments as land in the city centre becomes scarce. The Imbi stretch from the intersection of Jalan Bukit Bintang to Jalan Sultan Ismail started out with residential bungalows. From the 1950s, shops sprouted up as some of the homes were converted for commercial use.

KUALA LUMPUR: The luxury hotel brand Raffles will have its first hotel in Malaysia - the Raffles Kuala Lumpur - which is expected to open its doors in 2011.The Raffles Kuala Lumpur will be at Pavilion Kuala Lumpur, along Jalan Bukit Bintang.

SINGAPORE: Malaysian developers Leisure Farm Corporation Sdn Bhd and Putrajaya Holdings Sdn Bhd had won awards at the 2009 Cityscape Awards for Real Estate in Asia in Singapore on May 19. Leisure Farm Corp, a unit of Mulpha International Bhd, won in the "Best Best Green Development (Built)" category with its Leisure Farm Resort project.

Residential property prices on the secondary market in Penang generally stood firm in 1Q2009 despite the current market slowdown, although there were some minor adjustments in prices for certain types of properties in selected areas.Raine & Horne International Zaki + Partners director Michael Geh says the property market here has yet to bottom out, but believes it may occur in the next few

Undeterred by the global economic downturn, Tengku Sadhana Tengku Mohd Tahir has put her money and ambitions in the budget hotel business.