PETALING JAYA: The Encorp Strand Mall in Kota Damansara, part of Encorp Strand, an RM1.4 billion integrated development by Encorp Bhd, is targeting one million footfall per month after its official opening on May 3, said Encorp Strand Mall general manager Michael Chee.

IN 2010, the top 8 listed property companies in Malaysia (excluding IOI Properties Group which was listed in 2011) sold an aggregate RM8.2 billion value of new properties. In 2011, total sales value rose to RM12.1 billion.By 2012, sales value grew further to RM15 billion and exploded to RM21.9 billion last year.

PETALING JAYA: Knight Frank Malaysia announced yesterday that it would launch a new service line, Retail Consultancy and Leasing.“Adding this new service line further enhances the complete property solutions we offer in Malaysia and strengthens Knight Frank’s position in this growing market,” said Knight Frank Malaysia managing director Sarkunan Subramaniam.This move will forge a closer synergy

KUALA LUMPUR: The Malaysian Institute of Architects (PAM) has launched  the first-ever monograph on contemporary architectural practice in Bangladesh, dedicated to international award-winning architect Mohammad Rafiq Azam.“Schools only taught me about scale and measurements.

INDIA: India’s slow growth in its green real estate could be overcome by consistency, effectiveness in legislation and incentives provided by urban local bodies and developers, said Jones Lang LaSalle (JLL) India Realty.According to JLL India chief operating officer for integrated facilities management, West Asia, Rajat Malhotra, the incentives are segregated into the urban local body and devel

SUBANG JAYA: The Main Place Residence in USJ 21 has finally obtained a certificate of fitness and occupancy (CFO) after it was abandoned three times, much to the delight of purchasers who had bought units at the project as far back as 1998.

LONDON: The United Kingdom is seeing a higher number of overseas investors from Asia buying homes in London.

KUALA LUMPUR: Gamuda Bhd’s net profit jumped 8.43% to RM170.12 million in its second quarter ended Jan 31, 2014 (2QFY14) from RM156.89 million a year ago on higher contribution from all divisions. Revenue also rose 3.49% to RM517.63 million from RM500.18 million previously. However, its earnings per share dropped to 7.41 sen from 7.52 sen a year ago.

KUALA LUMPUR: Government-owned 1Malaysia Development Bhd (1MDB) is in line to win the contract to build the country’s largest solar power plant in Kedah, said Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Johnity Ongkili, since it is the only bidder to propose a project of that size.

GEORGE TOWN: Residents of Penang island’s southeastern quarter have been jolted by revelations that a new reclamation plan is being eyed at the famous Queensbay area, opposite Pulau Jerejak.

The news comes as a shocker not least because there are already a few high-profile reclamation projects in the works in Penang, each boasting mega development projects worth billions.