KUALA LUMPUR: Tan & Tan Developments Bhd, a subsidiary of IGB Corp Bhd, launched the RM62 million Damai Residence on Tuesday.

SHAH ALAM: To promote consistent development and ensure uniformity across all Perumahan Rakyat 1Malaysia (PR1MA) housing projects, PR1MA officially launched the PR1MA Building Information Modelling (BIM) Guide at its PR1MA BIM Townhall meeting on Tuesday.

KUALA LUMPUR: The Malaysian housing affordability has worsened to 3.6 times in 2014, according to Rahim & Co Chartered Surveyors executive chairman Tan Sri Abdul Rahim Abdul Rahman, in presenting the Rahim & Co Research — Property Market Review 2014/2015 yesterday.

SEPANG: Glomac Bhd has launched the RM130 million first phase of its fifth township in Sepang, called Saujana KLIA, which will mainly consist of affordable homes.

KUALA LUMPUR (Jan 29): Pasdec Holdings Bhd’s wholly-owned unit Pasdec Putra Sdn Bhd has signed a development agreement with Sejati Bumijaya Sdn Bhd, for the latter to develop Pasdec Putra’s freehold land at Bandar Putra in Kuantan, Pahang, into residential and commercial properties.

KUALA LUMPUR (Jan 29): House prices in Malaysia are expected to rise about 3% after the goods and services tax (GST) is implemented starting this April.

Property consulting firm Rahim & Co executive chairman Tan Sri Abdul Rahim Abdul Rahman said although transactions on residential properties were GST exempted, building materials would be taxed under the GST.

KUALA LUMPUR (Jan 28): Tower Real Estate Investment Trust (Tower REIT) recorded a distribution per unit (DPU) of 7.03 sen a share for the financial year ended Dec 31, 2014 (FY14), down 34.3% from 10.7 sen paid out in FY13.

KUALA LUMPUR (Jan 28): Sunway REIT Management Sdn Bhd, the manager of Sunway Real Estate Investment Trust (Sunway REIT), has recorded a distribution per unit (DPU) of 4.55 sen for its six months ended Dec 31 last year (1HFY15), which is 7.6% higher than 4.23 sen in 1HFY14.

KUALA LUMPUR (Jan 28): Mitrajaya Holdings Bhd clinched today a contract worth RM229.87 million to build three blocks of 20-storey public apartments at Precint 5, Putrajaya.

Based on Mitrajaya (fundamental: 1.5; valuation: 1.8)’s announcement to Bursa Malaysia this evening, its wholly-owned subsidiary Pembinaan Mitrajaya Sdn Bhd had accepted the contract from Putrajaya Homes Sdn Bhd.

GEORGE TOWN: A request for proposal (RFP) to develop the 60-acre (24.28ha) Jelutong landfill site into Penang’s first eco-town featuring mixed development will be called next month, with the Penang government hoping to reap some RM2.2 billion from land premiums.