There is to be mixed-use development of commercial, tourism and residential projects. Four blocks of high-rise condominiums with a shopping plaza, business parks and an exhibition hall are included in the masterplan.

Median values for Sydney homes rose by around A$82,000 for the year to A$800,000 (US$583,000), while Melbourne put on A$60,400 to A$610,000. The recent slowdown in prices follows efforts by regulators to tighten lending standards for property investment with the aim of keeping annual growth in loans at 10% or less.

Singapore's Urban Redevelopment Authority released flash estimates for the change in Singapore private home prices during the fourth quarter of 2015:

“We are envisioning to start with two services — one that will go directly to Singapore, and another that will stop with transit services in Bandar Malaysia, Seremban, Melaka, Muar, Batu Pahat and Nusajaya, and then [across the causeway to] Singapore ..."

IOI Properties had said that the acquisition would enable the company to expand its land bank. The land is situated within IOI Resort City, fronting the entrance of Putrajaya, and next to the South Klang Valley Expressway.

The property market in 2015 was subdued with limited growth, deferred launches and a contraction in both value and volume of property transactions.

Automotive sales supervisor Wong Yoon Lim from Langkawi has his wife Sue Khoo to thank for winning the first prize in the Jet Set with Setia campaign’s second draw.

Crucial issues hindering wider implementation of IBS are the limited enforcement of IBS requirements as per the IBS Roadmap 2011-2015, a lack of IBS expertise in the market, the lure of cheap labour for construction in Malaysia, cash flow problems for contractors, and minimal economies of scale for smaller developers.

Sold for: RM1.11 million or RM955psf; Concluded by: Patrick Teow of MIP Properties (012-704 1074); When: Nov 26, 2015