VENUS ASSETS SDN BHD, the developer of the upcoming prestigious Four Seasons Place Kuala Lumpur, is believed to have outdone itself with the sale of a duplex residential unit for an estimated RM21 million, or RM3,300 psf. 

GEORGE TOWN: Penang Development Corp (PDC), the state government’s investment arm, plans to issue a request for proposal (RFP) for the redevelopment of a piece of land in Tanjung Bungah, Penang — which was allegedly reclaimed illegally in the early 2000s — into a marina park in the middle of next year.

Carimin opens at RM1.12, 1.82% higher than IPO price of RM1.10

KUALA LUMPUR: The International Real Estate Federation’s Malaysian chapter (Fiabci Malaysia) has named Hunza Properties Bhd’s founder Datuk Seri Khor Teng Tong as Property Man 2014 while I & P Group Sdn Bhd’s group managing director Datuk Jamaludin Osman was awarded the title of Property CEO 2014 at the 22nd Malaysia Property Awards presentation ceremony here tonight.

THE UK has been through a rather eventful few months. If the Scotland referendum did not fray nerves, the Centre for Economics and Business Research (CEBR) recently predicting that property prices would dip 0.8% in 2015 would probably have had many reaching for the aspirin.

PETALING JAYA: I&P Group Sdn Bhd will be launching its 2-storey terraced houses called Gemilang at its mixed development Bayuemas tomorrow. Gemilang has a gross development value of RM61,997,568.

SINGAPORE: China’s outbound investments in commercial property totalled US$33.7 billion (RM112.5 billion) from 2008 to June 2014, according to Cushman & Wakefield’s investment report in October.

KUALA LUMPUR: Union Investment Real Estate, the owner of Cap Square Tower (CST), launched an E-App for the building where guests, tenants and the building manager, as well as owners have an e-platform to communicate with each other. Union Investment Real Estate is Europe’s largest open-ended estate asset managers.

KUALA LUMPUR: Tropicana Corp Bhd will tomorrow launch Cyperus, the third block of its Tropicana Gardens serviced apartments priced at RM1,267 per sq ft (psf).

Each apartment comes fully-furnished and includes a fridge, cooking hob, oven, washing machine, sofa set, and dining table and chairs, said its executive director of marketing and sales Pam Loh.

KUALA LUMPUR: The government has yet to decide on an enforcement date for vehicle entry permits (VEP) for foreign vehicles entering Malaysia from Singapore, said Minister of Transport Datuk Seri Liow Tiong Lai.