KUALA LUMPUR: IJM Land Bhd achieved an 80% take-up rate for its latest development, Kalista Residence, in Seremban 2 at its launch on Sunday.According to IJM Land, the queue started as early as 8am. The company provided three meals, movies and WiFi during the launch.Kalista Residence, an 18-storey condominium tower, saw 169 of its 208 apartments sold with a gross sales value of RM52 million.

KUALA LUMPUR: Ambrosia@Kinrara Residence in Puchong, Selangor, has achieved a 30% take-up ahead of its relaunch on Oct 26, said a Mah Sing Group Bhd spokesman.The final phase of Mah Sing’s development comprises 145 homes on a 27.54-acre (11ha) leasehold parcel within the 139-acre mixed residential development Kinrara Residence, which is situated next to the

KUALA LUMPUR: A new statutory body that will work with state governments, government agencies and developers from the private sector should be set up by the government to deliver affordable housing in each state, said the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS).The proposed statutory body is a national housing corpo

GEORGE TOWN: When Penangites recently woke up to the news that the state had sealed a preliminary agreement for a new undersea tunnel and three major roads costing RM6.3 billion, it inevitably stirred a lot of interest over how the projects would impact the local community and landscape.

KUALA LUMPUR: S P Setia Bhd and Sunway Bhd stole the limelight last night, with S P Setia taking home four awards at the prestigious The Edge Property Excellence Awards while Sunway took three.S P Setia was ranked first in the Top Property Developers Awards (TPDA) category, marking the eighth year it has won the top honours.

RECENTLY, we met a mother of two young lawyers who lamented that even with the decent salaries her children are earning, it is still impossible for them to buy a house in the Klang Valley. “I bought my first house when I was 30 years old and I was only a saleswoman,” she said.

MORE affordable housing, improve public transport, reduce development costs, consistent policies, minimal increase in the real property gains tax (RPGT) as well as more incentives for first-time homebuyers — these were among the more common requests on the wish list of developers, both big and small, from various parts of the country for the Budget 2014, which will be announced on Oct 25.

DESPITE years of discussion between the government and private developers, the issue of affordable housing remains unresolved, while demand for homes keeps growing.

Earlier this month, it was reported that the Johor government threatened to confiscate the lands of Johor-based property developers who fail to build affordable homes costing RM150,000 per unit.