The Kuala Lumpur-Singapore High Speed Rail (HSR) will be a boost to properties near the stations, if the fares are reasonable.

Sold for: RM1.4 million (RM733 psf); Concluded by: Lee Jia Ying (REN 19436) (014-337 8203) and Freeman Woo Chee Meng (REN 05026) (012-656 7617) of MIP Properties; When: July 2016

Penang Chief Minister Lim Guan Eng said the associated costs involving at-grade or street running trams would result in rows of shophouse having to be relocated, which would in turn affect the social fabric of the community.

Tadmax said Wawasan Metro Bina Sdn Bhd has accepted a banking facility for the said sum, which was granted by the United Overseas Bank (M) Bhd.

Eco World Development Group Bhd (EcoWorld) has unveiled Eco Grandeur, its latest integrated township in Puncak Alam, Kuala Selangor, in conjunction with the opening of the developer’s 12th sales gallery in Malaysia.

The residential property sector in Kota Kinabalu is witnessing a gentle improvement, underpinned by a lack of new launches in the market, said property consultancy firm Knight Frank Malaysia in its Real Estate Highlights report.

Eco World Development Group Bhd (EcoWorld) will be launching Clarita Tower, the third and final residential tower of its Eco Sky development in Kuala Lumpur which has a gross development value (GDV) of RM974 million, said the developer in a statement.

Consumer spending remains a key challenge in the Malaysian retail industry with many continuing to hold back on purchases due to growing concerns on the rising cost of living and weaker job prospects, said property consultancy firm Knight Frank Malaysia in its Real Estates Insights research report for 1H2016.

"The buyers are advised to avoid obtaining more credit, which may not be sustainable in the long term, and over-stretching themselves financially."