KUALA LUMPUR: A design using an intelligent grid system to determine the future (and affordable) needs of a growing family has won the top prize in the PAM-Lafarge Architecture Student Competition 2013.The winning entry was submitted by Choong Wei Li of Limkokwing University of Creative Technology.

KUALA LUMPUR: The government’s proposed measure to impose a four unit limit on bulk sales of property to control the bulk buying of property investor clubs (PICs) may not be effective, say property consultants.

KUALA LUMPUR: GuocoLand (Malaysia) Bhd, the property arm of Hong Leong Group, will launch the latest phase of its boutique bungalows called The Rise, with a gross development value of RM354 million, at its 1,000-acre (405ha) Emerald township in Rawang, Selangor on Saturday.

SINGAPORE: Singapore’s home sales slid in January, marking the slowest start to the year since 2009, as developers sold fewer projects after property curbs crimped demand.

KUALA LUMPUR: In a move to further curb speculative activities in the property market, the government is in talks with property industry stakeholders to stop individuals from buying houses and properties in bulk.

Property sector
We expect property sales this year to decline by 5% to 10%, dragged down by slower volume, although prices will likely hold up due to cost push (as seen in the past during periods of sharp spikes in inflation).

GEORGE TOWN: Real Estate and Housing Developers Association (Rehda) is urging financial institutions to subsidise the property loan interest rates to help low-income earners own their first house.

Its Penang chairman, Datuk Jerry Chan, said the current rates do not benefit the low-income earners as they are high.