Spanning close to 60 acres, Gurney Wharf will be created on land to be reclaimed by Tanjung Pinang Development Sdn Bhd, a subsidiary of property developer Eastern & Oriental Bhd.

Putrajaya Holdings Sdn Bhd, the master developer of Putrajaya, is offering 31 units of Augusta 2.5-storey luxury semi-dees from RM2.6 million.

Occupancy rates of office properties in Kuala Lumpur City Fringe (KL City Fringe) inched up 89.3% in the second half of 2015 (2H2015) while KL City decreased to 82.5%, according to international real estate services firm Knight Frank.

“These Chinese villages should embark on homestay businesses as tourists from China have expressed their keenness to experience the local Chinese lifestyle and culture,” said Tourism and Culture Minister Datuk Seri Nazri Aziz.

Seven of eight buildings on the site were reportedly demolished – including the former home of Sir Thomas Stamford Raffles, the founder of Singapore – on the second day of Chinese New Year two weeks ago. Only the three-storey Runnymede Hotel building remains.

MRCB on Oct 6, 2015 completed the disposal of the stake in Nu Sentral to Pelaburan Hartanah Bhd for RM119.78 million cash, which generated a gain of RM70 million.

“The majority of our raw materials are sourced locally and thus, we are not exposed to currency fluctuation,” managing director Datuk Seri Lim Keng Cheng told reporters after launching its graduate attachment programme yesterday.

The JV company, according to UEM Sunrise, was tasked to develop the portion of the public marina that has yet to be developed, the private marina and the mega yacht marina, and to operate the public marina, the private marina and the mega yacht marina.

The unit selection date is set for March 6, Eco Majestic general manager Evon Yap Yoke Ching told TheEdgeProperty.com.

“Landed properties (in Johor Bahru) are still favoured by the locals, however it is expected that in the coming years it will be challenging as more developers are turning to landed developments with new and exciting concepts,” Knight Frank noted in its recently-released 2H2015 Real Estate Highlight report.