On April 1, URA released its flash estimate of the private residential price index for 1Q2016. While the overall price index fell 0.7% q-o-q, prices of non-landed homes in the high-end segment, or Core Central Region (CCR), bucked the trend, notching up 0.4%.

Hektar Real Estate Investment Trust (REIT) founder and chief executive officer (CEO) Datuk Jaafar Abdul Hamid will be resigning as the CEO of its management company Hektar Asset Management Sdn Bhd (HAM) on May 1.

Integrated Logistics Bhd (ILB) is selling two of its Hong Kong-based warehousing outfits for HK$137.3 million (RM68.74 million), in line with its aim to divest most of its remaining business operations in China.

Mah Sing Group Bhd has succeeded in the High Court to strike out the claims by seven persons that the RM359.5 million sale and purchase agreement (SPA) between Mah Sing’s wholly-owned unit and three land trustees is invalid.

Sabah’s property market showed a downtrend in 2015 with the decrease of all sub-sectors and fewer new properties launched.

Crest Builder Holdings Bhd has enterd into a joint venture (JV) with Prasarana Malaysia Bhd and Detik Utuh Sdn Bhd to develop Latitud 8, a mixed-commercial development which has a total gross development value (GDV) of RM1.1 billion.

Perbadanan PR1MA Malaysia said all its Penang project plans are priced at an average of 20% below market prices in surrounding areas and in line with the state’s planning guidelines.

The first show apartments by internationally-renowned architectural firm Gehry Partners is opening at the iconic Battersea Power Station rejuvenation project.

DBKL executive director of economic development, Datuk Mohd Sauffi Mohamad said stern action will be taken against those who abuse the PPR and PA housing schemes. "We take back the houses," he warned.

The residential sub-sector still took up the largest share of the market, contributing 65.2% in volume and 49% in value.