KUALA LUMPUR: Eastern & Oriental Bhd (E&O), which last Friday received the Department of Environment’s (DOE) nod to proceed with the proposed reclamation works for Phase 2 of its Seri Tanjung Pinang (STP2) development at Tanjung Tokong in Penang, will next seek approval from the Penang state planning committee.

KUALA LUMPUR: The strong supply of shopping mall space in the Klang Valley is inadvertently forcing existing retailers to open up additional stores, although this may fail to translate into high profits.

KUALA LUMPUR: Sunway Bhd, controlled by property tycoon Tan Sri Jeffrey Cheah, is diversifying its business to include developing and operating premium outlets, the first of which is to be opened in Ipoh, Perak.

KUALA LUMPUR: Y&G Corp Bhd is confident it will weather any softening of property prices the market may predict, due to its focus on affordable housing and the owner-occupier segment within the property development sector.

SHAH ALAM: Owned by the family of late businessman Datuk Shahrani Abdullah, Shapadu Corp Sdn Bhd is planning to launch a RM600 million mixed development on a prime site next to the Ministry of Finance (MoF) building in Precinct 1, Putrajaya later this year.

FOLLOWING the infrastructure is, and continues to be, sound advice in property investment, according to Ho Chin Soon, director of Ho Chin Soon Research Sdn Bhd.

“My way of determining new hot spots for property investors is by following the infrastructure,” he says.

THE MALAYSIAN property market got off to a slow start this year with fewer new launches and transactions. The slowdown was in large part attributed to tighter financing rules as well as the cooling measures announced in Budget 2014. These include a hike in the Real Property Gains Tax and an increase in the minimum purchase price for foreign buyers.

WE ALL have dreams and dreams change as we grow older and more mature,” says Tan Sri Leong Hoy Kum.

Relaxed and cheerful, the 56-year-old group managing director and chief executive of Mah Sing Group Bhd smiles fondly as he recalls the days of his youth.

FAR from the popular Gurney Drive in Jalan Gottlieb, Penang, an office building called NB Place is morphing into a block of serviced apartments named Tropic Suites. Developed by New Bob Group, the apartments will be fully furnished and leased out for short terms, says director Dr Lee Ville.

PETALING JAYA: OSK Property Holdings Bhd’s serviced apartments at Eclipse Residence  have seen a take-up of 60% since they were previewed in mid-November, said a company spokesman.The apartments will be launched this weekend, said Chee Kok Keong, OSK Property’s head of sales and marketing.“Eclipse Residence is an upgrade of its predecessor to meet the contemporary lifestyles of urbanites, coupl