OF the buildings in the Melbourne skyline, one will tower above them all — Australia 108. The A$700 million (RM2.04 billion) project is being developed by World Class Land Pty Ltd, a subsidiary of Singapore-based property developer Aspial Corp Ltd.

AFTER incorporating a 2km stretch of commercial land along the North-South Expressway (NSE) into its Southville City mixed-use development in Bangi, Mah Sing Group Bhd is building an interchange to enhance the township’s appeal.

EARLY this year, a bank approached Datuk Seri Vincent Tiew about an idle 7.8-acre freehold parcel in Ipoh’s high-end enclave of Tiger Lane.

“When you mention Tiger Lane to Ipoh folk, the first thing that comes to their minds is, that is where the rich live,” says an enthusiastic Tiew, who is managing director of Andaman Property Management Sdn Bhd.

VALUE is relative. What you give up today could be a treasure for tomorrow, as with the story of Wangsa 9 Residency in Wangsa Maju.

The 7.8-acre Wangsa 9 is a development by Mitrajaya Holdings Bhd. According to managing director Tan Eng Piow, the company acquired the land as part of a contra agreement nearly two decades ago.

THE property market in Kota Kinabalu was quiet with no new launches in the third quarter of the year. However, the secondary market continued to be active during the period.  

LUDWIG VAN BEETHOVEN’s Symphony No 5, which took him about four years to complete, is a seminal piece of classical music. Private real estate company Star Effort Sdn Bhd — a joint venture between BinaPuri Properties Sdn Bhd and Goldmine Properties Sdn Bhd — hopes to create something similar in Kuala Lumpur with Opus Residence.

MANY people thought he would become bankrupt and vanish from the corporate scene after the 1997/98 Asian financial crisis dealt him a devastating blow.

But Tan Sri Lee Kim Yew refuses to sink into oblivion, and has proved his critics wrong.

Now debt free, he is raring to return to the corporate world with a vengeance, and to share his story.  

OFFICE rental rates held steady with improved occupancy during the review period. Meanwhile, incoming office supply is expected in the fourth quarter.

THE residences at the Trump International Hotel Las Vegas, a world-class luxury hotel condominium, announced the milestone sale of two studio units to a local buyer at US$700 psf, one of the highest-priced per square foot sales in the city last October.

THE Melbourne apartment market is buzzing. According to Urbis’ Residential Market and Economic Outlook Report, the median sale price of new apartments in the city’s central business district has registered growth of 5% per annum over the past 10 years. And wanting to be a part of the action is UEM Sunrise Bhd.