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Trinity Group allays worries of condominium residents

KUALA LUMPUR: Trinity Group Sdn Bhd, developer of The Z Residence condominium project in Bukit Jalil, Kuala Lumpur, will take steps to ease concerns raised by residents of the nearby Bukit OUG Condominium over the impact of the project’s construction.In the past month, the residents have raised concerns over a number of high-rise developments in their midst, saying the various high-density proj

Icon City i-SoVos launch

KUALA LUMPUR: Mah Sing Group Bhd is launching the i-SoVo or Small Office Versatile Office units at its landmark Icon City development in Petaling Jaya at an average RM800 psf. The units will be open for sale in conjunction with the launch of the Icon City sales gallery on Sunday.Icon City has a gross development value of RM3.2 billion on a site measuring 19.6 acres.

Aviva Green gets good response

KUALA LUMPUR: Aviva Green in Seremban 2, IJM Land Bhd's newly-launched project comprising semi-detached homes in Seremban, has seen a take-up of 60% in less than a week. The developer released 100 out of the 180 double-storey semidees for sale during the launch on July 10.

Hong Kong owners reap British rental rewards

LONDON: If Britain has entered an age of austerity, London's landlords may want more of it, since rents in the capital are at record highs. And among the beneficiaries of those rents are Hong Kong investors, who have bought heavily in Canary Wharf in particular, where rents are rising strongly.

Race to rent as buyers retreat

HONG KONG: Flat hunters are finding it increasingly difficult to rent a home in Hong Kong as uncertainty about the market outlook means there are fewer buyers and more tenants.

Manhattan market offers up bargains

NEW YORK/HONG KONG: With home prices in Hong Kong surging, investors are likely to consider that condominiums in Manhattan are underpriced.

That is certainly the case for businessman Patrick Ho, who has bought three apartments — one on Wall Street, another close to Fifth Avenue and one in Brooklyn — for a total of about US$4 million (RM12.08 million).

Lee to buy out Chunghwa's stake in Country Heights

KUALA LUMPUR: Having just raised RM385.5 million in cash from selling its 88.5-acre (35.4ha) land in Subang to Dijaya Corp Bhd last month, Taiwanese-controlled Chunghwa Picture Tubes (M) Sdn Bhd is divesting another of its property investment here — a deal that will see the family of Tan Sri Lee Kim Yew consolidating their stake in Country Heights Holdings Bhd (CHHB).

Surprise as spring sales hold up

LONDON: British housebuilders see signs that the housing market is proving more resilient than many feared due partly to pent-up demand from people who need to move house despite mortgages still being tough to obtain.