Faced with rising residential property prices in the Klang Valley, price-conscious folk are turning their attention to the auction market as an alternative to the secondary market.

Hindus worship Lakshmi, the Goddess of Wealth, on the first day of Deepavali, which fell on Oct 24 this year.

PETALING JAYA: The S11 House, Malaysia’s first Green Building Index (GBI) platinum-rated residential house, recently won the Sustainable Design Award as well as the Residential Unit Award at the 2011 Asia Pacific Design Centre Awards held in China recently. The house in Section 11, Petaling Jaya, is owned and designed by architect Dr Tan Loke Mun of ArchiCentre Sdn Bhd.

KUALA LUMPUR: The developer of St Mary Residences in Kuala Lumpur is collaborating with XTRA, a premium branded furniture importer and retailer, to offer furniture vouchers to new purchasers of units in the serviced apartment project.“As we approach the handover next year we have been receiving numerous enquiries from existing and potential purchasers on possible furnishing solutions.

KUALA LUMPUR: The Malaysia Institute of Estate Agents (MIEA) has brought in the Certified International Property Specialist (CIPS) course to prepare local agents to sell Malaysian properties overseas and international properties in the country. “We are trying to equip ourselves for the intensifying onslaught of globalisation.

KUALA LUMPUR: Malaysian developers that enthusiastically expanded across the Causeway could hit a bump in their plans, following the latest move by Singapore to further cool its property market by making buyers, particularly foreigners, pay more in taxes.

KUALA LUMPUR: Amid a takeover offer from its largest shareholder Permodalan Nasional Bhd (PNB), S P Setia president and CEO Tan Sri Liew Kee Sin has assured shareholders that the proposed management agreement between PNB and the property developer will bode well for all stakeholders.

SHAH ALAM: Gamuda Bhd said the closing of the tender for the Klang Valley mass rapid transit (MRT) underground works may be extended from early January 2012.

Its managing director Datuk Lin Yun Ling said to his knowledge the only local entity bidding for the underground contract is MMC-Gamuda while the rest are foreigners.

KUALA LUMPUR: The developer of St Mary Residences in Kuala Lumpur is collaborating with XTRA, a premium branded furniture importer and retailer, to offer furniture vouchers to new purchasers of units in the serviced apartment project.

KUALA LUMPUR (Dec 8): S P Setia Bhd has set a set a new full-year sales record in FY 2011 of RM3.29 billion, or a 42% increase from the previous record of RM2.31 billion set in FY 2010.

The company has also set a target to achieve total new sales of RM4 billion in FY 2012.