KUALA LUMPUR: 1MDB Real Estate Sdn Bhd (1MDB RE), the property arm of 1Malaysia Development Bhd (1MDB), has invited contractors to participate in the pre-qualification exercise for infrastructure and internal roadway works for the Tun Razak Exchange (TRX) development in Jalan Tun Razak.

KUALA LUMPUR: Aside from the continuous effort by Perbadanan PR1MA Malaysia to build affordable homes, the government is mulling over a new concept of public housing dubbed “Youth City” to supply more affordable houses to Malaysians.

KUALA LUMPUR: Marina One Residences, the first phase of M+S Pte Ltd’s integrated Marina One development at the centre of Singapore’s Marina Bay central business district (CBD), will be launched in early October.

SINGAPORE: Singapore property developer UOL Group Ltd has sold nearly 100 units of the total 120 units of Seventy Saint Patrick in Singapore. The 186-unit freehold condominium was launched last Saturday.

JOHOR BARU: Hua Yang Bhd is launching its first high-rise residential development in Johor today. The RM216 million residential project — Citywoods — has received 50% registration of interest since early August for the first seven residential floors in Tower B, levels 7 to 14.

KUALA LUMPUR: Housing prices in Asian markets continue to be arrested in the second quarter of 2014 (2Q14) due to cooling measures even as housing prices around the world surge, according to an international residential market research firm.

KUALA LUMPUR (Sept 25): Malaysian government is planning to build two youth cities in five years' time with lower property prices, catering to young people aged below 40 years old, said the Minister for Urban Wellbeing, Housing and Local Government, Datuk Abdul Rahman Dahlan.

KUALA LUMPUR: Land and General Bhd (L&G)’s largest shareholder, Mayland Parkview Sdn Bhd, yesterday further converted 64 million irredeemable convertible unsecured loan stocks (ICULS) into new shares, bringing its shareholding in the property developer to 307.42 million shares or 30.33% direct stake, another step closer to the 33% mandatory general offer (MGO) threshold.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) said it has been shortlisted for the 1,000-tonne-per-day waste-to-energy incinerator project in Taman Beringin, Kepong, which is estimated to cost up to RM800 million.