PETALING JAYA: Sales of high-end homes has slowed but sales of affordable homes should remain good, said Real Estate & Housing Developer's Association Malaysia (Rehda) national council member Wan Hashimi Albakri Wan Ahmad Amin Jaffri.

KUALA LUMPUR: Sunway City Bhd's (SunCity) V Residence has seen a take-up rate of 60% since its launch last Saturday, July 16.

With a gross development value (GDV) of RM300 million, V Residence is the residential segment of Sunway Velocity featuring 18 storeys of 264 serviced apartments slated for completion in2014.

Construction sector
Recommend overweight: Over the weekend, The Edge weekly reported that there is now speculation there could be changes in how the Klang Valley MRT project is managed.

KUALA LUMPUR: Quill Capita Trust (QCT), a real estate investment trust (REIT), has entered into a programme agreement with Malaysian Trustees Bhd to issue up to RM270 million secured commercial paper/medium term notes (CP/MTN), said Quill Capita Management Sdn Bhd (QCM).

SIBU (Sarawak): The new township of SibuJaya, about 27km from here, is set to be the envy of housing projects in the state, with the completion of its RM9 million boulevard by Nov 15, this year.

BEIJING: China's land market cooled in the second quarter, with prices falling in some major cities after an array of government measures to curb housing inflation, the China Securities Journal said on Monday, July 18, citing the Ministry of Land and Resources.

BEIJING: China's annual housing inflation ticked higher in June for the first time this year, official data showed on Monday, July 18, keeping up pressure on the government to rein in the red-hot property sector.

Many economists have warned that a bursting of a property bubble is the biggest risk facing the world's second-largest economy in the medium to long term.

PUTRAJAYA: The Housing and Local Government Ministry will relocate to Persiaran Perdana, Precinct 4, Putrajaya in stages beginning Monday, July 18.

According to a statement issued by the ministry's Corporate Communication Unit, the new premises would be fully operational by Sept 1.

PETALING JAYA: Mah Sing Group Bhd's Icon City integrated development in SS8, Petaling Jaya has racked up more than RM426.5 million in sales so far, including sales of its commercial i-SoVo (small office versatile office) units, 30 Jewels and Gourmet Street.

KUALA LUMPUR: The G Hotel Penang was awarded the "Best Hotel Construction and Design in Malaysia" award at the Asia Pacific Property Awards 2011, it said in a release dated Friday, July 15.

This hotel, which opened in January 2007, is a contemporary design hotel located next to the landmark Gurney Plaza Shopping Mall at Gurney Drive, Penang.