The Malaysian Annual Real Estate Convention 2016 (Marec ’16), which helps real estate practitioners stay abreast of the property market, is opening its doors to the investing public for the first time.

State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said demolition works in the area involved other structures near the building, which is known as Hotel Runnymede.

But growth likely to be impacted by 2018 due to slowdown.

Members of the Royal Institution of Chartered Surveyors (RICS) said new buyer enquiries rose for the tenth month in a row in January as home prices face upward pressure, as they seek to beat the deadline of a 3% stamp duty hike in April.

Sold for: RM1.9 million or RM750psf; Concluded by: Chris Ng Hong Hooi of GMAC Realtors (019-6148656); When: January 2016

The Department of Statistics said that there were a total of 10,230 projects in 4Q15, with quarter-on-quarter (q-o-q) increase of 4.5%.

The first tower was soft-launched in June 2015, followed by the second tower in August 2015. The selling price of SkyVilla ranges from RM649,900 to RM843,900, and averages at RM633 psf.

Opened in 1994, The Dynasty Hotel is a 28-storey four-star hotel with 788 hotel rooms, 25,063 sq ft of retail space on the ground and lower floors, 116,728 sq ft of office space and 499 parking bays.

Mayor of Kuala Lumpur Datuk Mhd Amin Nordin Abd Aziz yesterday said that rental would be waived for the first three months and that Kuala Lumpur City Hall would also help them to move to their new homes.

Negeri Sembilan Menteri Besar Datuk Seri Mohamad Hasan said the state government was aware of the problem and would attempt to work out the best solution for the land owner and home owners.