S P Setia’s Setia Eco Gardens, Pavilion clinch Fiabci awards

KUALA LUMPUR: S P Setia Bhd’s Setia Eco Gardens project in Johor and Pavilion Kuala Lumpur have emerged winners in the Fiabci Prix d’Excellence Awards 2009 international property awards. Fiabci is the French acronym for the International Real Estate Federation. S P Setia won in the Master Plan category while Pavilion KL won in the Retail category.

21 May, 2009
HK residential market sales up in April

KUALA LUMPUR:  Sales activity in the Hong Kong residential market was on the upward trend in April and the first half of May. According to the Land Registry of the Hong Kong SAR Government, the number of sales transactions surged to more than 10,000 - a level which was last seen before the global financial crisis.

21 May, 2009
Moody's negative on China property developers

KUALA LUMPUR: Moody's Investors Service has a negative outlook for China's property development sector over the next 12-18 months.The international ratings agency said on May 19 local developers were facing continued operating uncertainties, imminent refinancing risk, and diminished balance-sheet liquidity.

19 May, 2009
Cityscape Asia opens on May 19 at Suntec Singapore

KUALA LUMPUR: Over 3,000 Asian and international real estate professionals are expected to gather and discuss issues affecting real estate investment and development in Asia at Cityscape Asia 2009 which begins on May 19 in Singapore.Held over three days until May 21 at Suntec Singapore, the forum aims to assist the real estate professionals in sourcing new investment opportunities and meeting p

18 May, 2009
Fiabci World Congress called off due to H1N1 threat

KUALA LUMPUR: The A(H1N1) influenza epidemic has “infected” the real estate industry, taking the International Real Estate Federation (Fiabci) as its latest victim.The 60th Fiabci (International Real Estate Federation) World Congress that was to be held from May 19 till May 23 at the Beijing Hotel in Beijing, China has been called off at the eleventh hour.More than 600 Fiabci members from aroun

18 May, 2009
Weaker interest in condos

While property developers are in overdrive to push sales in a cautious market, real estate agents are working to crank up the secondary market where transactions have dipped by at least 20% in the last six months.According to Julie Wong, the newly-appointed Malaysian Institute of Estate Agents (MIEA) president for 2009-2011, the biggest drop in transactions has come from the condominium sub-sec

17 May, 2009
MCT Consortium’s lofty plans

While many developers are lying low in the current economic downturn, there are some that have gone ahead with their plans.

17 May, 2009
Damansara Uptown facelift

For over two decades, Damansara Utama’s main commercial centre, Damansara Uptown, has been a hub of activity for businesses and residents in the area. Undoubtedly, Damansara Uptown, located in Selangor’s Petaling Jaya, has been a commercial success for its developer See Hoy Chan Sdn Bhd.

17 May, 2009
Scientex maintains focus on affordable housing

KULAI (Johor): Main-board listed Scientex Bhd will continue to focus on the affordable housing segment to expand its property business in Johor. It will offer a wider range of affordable houses and commercial properties to cater to demand, said Scientex Berhad managing director Lim Peng Jin on May 15. "Various development plans are in the pipeline and will be executed at the right time.

15 May, 2009