“We are envisioning to start with two services — one that will go directly to Singapore, and another that will stop with transit services in Bandar Malaysia, Seremban, Melaka, Muar, Batu Pahat and Nusajaya, and then [across the causeway to] Singapore ..."

IOI Properties had said that the acquisition would enable the company to expand its land bank. The land is situated within IOI Resort City, fronting the entrance of Putrajaya, and next to the South Klang Valley Expressway.

The property market in 2015 was subdued with limited growth, deferred launches and a contraction in both value and volume of property transactions.

Automotive sales supervisor Wong Yoon Lim from Langkawi has his wife Sue Khoo to thank for winning the first prize in the Jet Set with Setia campaign’s second draw.

Crucial issues hindering wider implementation of IBS are the limited enforcement of IBS requirements as per the IBS Roadmap 2011-2015, a lack of IBS expertise in the market, the lure of cheap labour for construction in Malaysia, cash flow problems for contractors, and minimal economies of scale for smaller developers.

Sold for: RM1.11 million or RM955psf; Concluded by: Patrick Teow of MIP Properties (012-704 1074); When: Nov 26, 2015

It was never our intention to demolish or build over the Vivekananda Ashram, but to develop the adjoining land, says trustee R Sri Skanda Rajah. He said the trustees were also not asking the government not to gazette the building as a heritage site, only the land.

1MDB is selling 60% of Bandar Malaysia Sdn Bhd to a consortium comprising Iskandar Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (M) Sdn Bhd for RM7.41 billion.

Given that it comes with a freehold strata title and is located in the Golden Triangle