KUALA LUMPUR: Vision International Properties expects 30% of its Sage Gardens condominium in St Albert, Canada, to be snapped up by Malaysians.

Managing director Virata Gamany said Sage Gardens is a four-storey condominium consisting of 218 units with a gross development value of C$55 million or RM173 million.

KUALA LUMPUR: Matrix Concepts Holdings Bhd (MCHB) has acquired a piece of prime land measuring 0.445ha near the Putra World Trade Centre (PWTC), for RM43.6 million for its maiden property project in the capital city.

KUALA LUMPUR: S P Setia Bhd is likely to exceed its RM5.5 billion sales target for the year, having already secured total sales of RM4.67 billion as at June this year.

President and CEO Tan Sri Liew Kee Sin told the media yesterday the company is likely to exceed its target for the year with only a few more months to go before its financial year end on Oct 31 this year.

KUALA LUMPUR: Malaysian Resources Corp (MRCB) recorded a 12.6% increase in net profit for the second quarter ended June 30 this year (2QFY13) to RM5.81 million, despite registering a 45% drop in revenue to RM185.73 million.

THE Johor Baru residential market continues to heat up in 2Q2013. In the secondary market, the Nusajaya/Skudai areas (within Flagship B and E of Iskandar Malaysia) lead the way in terms of highest appreciation quarter on quarter, followed by Tebrau/Kempas.

PROPERTY investors are looking for the next best thing to invest in. However, not many know the trend these days is buildings with sustainable green features. Many would say the cost of green-rated buildings is high, but what they fail to take into consideration is the long-term cost savings, which more than compensates for the initial payment for these properties.

KUALA LUMPUR: KIP Group plans to build three 3-star hotels in the next four years as part of its foray into the hospitality business.

The hotels will be located on a 0.4-acre site within Taman Wahyu in Selayang, its KIP Sentral mixed-use development in Sepang, and Melaka.

KUALA LUMPUR: Hua Yang Bhd expects to continue selling affordable houses — priced less than RM500,000 — as its core strategy to double its revenue to RM800 million in five years.

For the financial year ended March 31, 2013 (FY13), it posted a net profit of RM70.47 million or 36.58 sen per share on the back of RM408.67 million revenue.

KUALA LUMPUR: Real estate investment trusts (REITs), the darling of risk-averse investors a year ago, are losing their lustre as investors switch to government debt papers, the Malaysian Government Securities (MGS).

AFFORDABLE housing is a hot issue now, with the federal government striving to deliver one million such homes in the next five years, as it had promised in its general election manifesto.However, hurdles remain, especially within Kuala Lumpur city and popular nearby suburbs.While it is important to ensure the middle and low-income groups too are able to live close to their workplaces — to reduc