Eco Somerset lifestyle shop offices in the Eco Sanctuary township at the south of Kota Kemuning have received overwhelming response from buyers, with 70% of the units snapped up during the first day of its official launch.

KLK Land, a subsidiary of KL-Kepong Bhd, has opened its Hibiscus 2 2-storey terraced houses in Bandar Seri Coalfields, Sungai Buloh for registration.

Hektar Real Estate Investment Trust (REIT) will continue its mall enhancement initiatives this year, allocating RM20 million to increase the overall net lettable areas (NLA) of Landmark Central in Kedah by 20,000 sq ft to 300,000 sq ft.

After several delays, Middle Eastern retailer LuLu Group International is expected to commence operations of its first store in Malaysia in May or at the latest by early June, in time to capture the Hari Raya shoppers, said sources.

Department aims to provide rental data for all kinds of properties.

With an uncertain economy and few signs of the property market bouncing back in the near term, are there still opportunities for investors?

Retail space in the Klang Valley continues to grow despite declining sales, with new malls adding more than two million sq ft last year. Several more malls are set to be completed this year, such as Sunway Velocity Mall, Empire City Mall and myTown Shopping Centre.

IQI Group Holdings chief economist/investment strategies Shan Saeed said Malaysia's property segment was growing in a structured manner and this would continue to attract investments from Europe, China, Japan and South Korea.

The first phase of The Parque Residences in Eco Sanctuary has seen 30% of its condominium units sold since the project opened for sale early this year, said Eco World Development Group Bhd (EcoWorld) general manager Ho Kwee Hong.

Compugates Holdings Bhd’s 70%-owned subsidiary, Compugates Development and Mining Sdn Bhd, plans to dispose of a piece of land in Dengkil, Selangor, to Bangsawan Bumimaju Sdn Bhd for RM62.12 million.