PENANG-based New Bob Group is starting to make itself known as a boutique property developer on the island and the mainland.

SELANGOR Dredging Bhd (SDB) unveiled its first commercial office property in the Klang Valley, The Hub@SS2 in Petaling Jaya, on June 22. Situated not far from its Ameera condominium development, this modern building will feature 13 units of four-storey retail offices and a 44-storey office tower with 276 Signature Suites.

HONG KONG: The lacklustre bidding for a Tseung Kwan O residential site on Tuesday shows that developers believe property prices will come under pressure over the next few years, analysts say.

Chinachem’s winning tender of HK$3 billion (RM1.23 billion) translates into an accommodation value of HK$3,653 per sq ft, the lowest in the area in more than three years.