TONG'S TAKE The Edge Malaysia 2014, Issue May 12-18Better response to the soft launch of phase 1 Avira garden terraces in Medini last weekend was a much welcomed news for Iskandar Johor, which has seen a slowing momentum following the property cooling measures introduced late last year and the stricter mortgage lending rules.Since its soft launch, Avira has achieved 70% bookings for its 208 uni

SINGAPORE: Tropicana Corp Bhd aims to enhance its presence in Singapore and generate exposure for the group’s wide array of projects in Penang, the Klang Valley and Iskandar Malaysia with the launch of its flagship sales gallery in Singapore on Tuesday.“Singapore has established itself well as an international hub,” said chief executive officer Datuk Yau Kok Seng at the launch.

KUALA LUMPUR: UEM Sunrise Bhd and Mulpha International Bhd are collaborating to build an RM107 million interchange to Gerbang Nusajaya in Iskandar Malaysia, Johor.

KUALA LUMPUR: Amphil Corp Sdn Bhd officially launched the sale of its Rimbun @ Embassy Row triplex penthouse for RM25 million yesterday.“As a boutique developer, we are unfettered by the tight time and revenue constraints of larger, fast-paced, multiple-project developers,” chief executive officer Datuk PK Poh said.“As such, we can be more generous with our condominium features and offerings, a

KUALA LUMPUR: Mulpha International Bhd’s FKP Property has been rebranded to Aveo Group, an Australian property and investment company which focuses on retirement village ownership and management. Mulpha owns 26.2% of Aveo. Currently, Aveo has 76 villages in Australia.“Prior to the global financial crisis, FKP offered a diversity of earnings,” executive chairman Lee Seng Huang said on Monday.

KUALA LUMPUR: Battersea Power Station Development Co said there is strong progress in its London-only sales programme for the 254 houses at the Battersea Power Station in London.

“In the first week of sales, reservations were taken for 95% of the properties with many buyers intending to be owner-occupier of the larger than average sized units with high specification interiors.

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) expects the take-up rate for its luxurious Ritz-Carlton Residences Kuala Lumpur to hit 60% by year-end.

“The property market is softening a bit, but we don’t see any ‘bubble burst’. Property prices will still go up over time in line with rising material costs,” said Berjaya Land Bhd chief executive officer Datuk Francis Ng.

KUALA LUMPUR: Construction and infrastructure group Ekovest Bhd is planning several property projects with a gross development value (GDV) of RM10.6 billion by 2023.

Managing director Datuk Lim Keng Cheng said the group plans to develop its landbank in Kuala Lumpur and Johor, with a GDV of RM5.6 billion and RM5 billion respectively, over the next five to 10 years.

KUALA LUMPUR: Tan Sri Liew Kee Sin has emerged as a substantial shareholder of Eco World Development Group Bhd, with an indirect 35.05% stake in the property development company, controlled and run by former S P Setia Bhd executives.

KUALA LUMPUR: Genting Bhd yesterday unveiled plans for a massive multi-phased opening of Resorts World Las Vegas at a briefing held by the Nevada Gaming Control Board.