"Despite the slowdown in the property market, there are no fire sales on the secondary market because of the strong holding power of Malaysian buyers."

Cabrits Resort Kempinski Dominica is the second major development of Range Developments in the Caribbean.

It was reported that state-controlled unit trust company Permodalan Nasional Bhd (PNB) — the owner of the KL118 — is favouring the UEM-Samsung consortium over the other two shortlisted candidates, Malaysian Resources Corp Bhd (MRCB)-China State Construction Engineering Corp consortium, and WCT Bhd and its joint venture partner Arabtec Construction LLC.

Ampang Park 1Malaysia Traders Association vice-president Wan Kamal Izzuddin Wan said many of their queries remained unanswered.

UEM Sunrise Bhd plans to launch a yet-to-be-named 23-storey apartment block on St Kilda Road in 2017, said managing director and CEO Anwar Syahrin Abdul Ajib. This will be the company’s third project in Australia.

Datuk Seri Fateh Iskandar Mohamed Mansor, president of the Real Estate and Housing Developers’ Association Malaysia, said there are concerns about a growing number of housing loan applications being rejected by banks for purchases of affordable homes of up to RM500,000.

On Monday, WCT was awarded a RM754.8 million contract from 1MDBRE involving infrastructure and roads at TRX. It also announced that it will be acquiring several plots of land in the TRX totalling 1.65 acres (0.67ha) from 1MDBRE for RM223 million or RM3,097 per sq ft (psf).

It is learnt that state-controlled unit trust company Permodalan Nasional Bhd (PNB) — the owner of the KL118 — is favouring the UEM-Samsung consortium, over the other two shortlisted candidates, Malaysian Resources Corp Bhd (MRCB)-China State Construction Engineering Corp consortium, and WCT Bhd and its joint venture partner Arabtec Construction LLC.

IOI Properties is acquiring the entire stakes in Mayang Development Sdn Bhd and Nusa Properties Sdn Bhd for RM1.58 billion from the Lee family under a cash and share deal. Mayang and Nusa Properties have land near IOI Properties' development in Putrajaya.

Malaysia’s first Pan Pacific Serviced Suites, a joint venture by Singapore-based real estate developers Pacific Star and DB2 under their joint member company Pearl Discovery Development Sdn Bhd, is scheduled to open in early 2018 at Puteri Harbour in Nusajaya, Iskandar Malaysia.