PETALING JAYA: Jaya Shopping Centre in Section 14, Jalan Semangat, Petaling Jaya recently launched its new business-to-business (B2B) website targeting retailers and the business community in gearing up towards its upcoming opening in the first quarter of this year.“This is yet another milestone for Jaya as we count down to the opening of the mall,” said Ismail Ani Arope, director of Jaya Secti

KUALA LUMPUR: A new supply in the residential segment with an average of 5,477 units per annum is predicted for the next three years, with continued downward pressure on rental values expected, especially in the city centre, according to real estate consultant DTZ Nawawi Tie Leung Property Consultants Sdn Bhd.In its report on Jan 20, DTZ said Kuala Lumpur will see added supply of office and res

KUALA LUMPUR: Eastern and Oriental Bhd (E&O) launched its sales gallery for its latest project, a joint venture development with Japan-based real estate developer Mitsui Fudosan Co Ltd dubbed The Mews on Jan 20. Currently, 70% of the project has been taken up with 10% of the buyers from Japan. The Mews offers 256 units with built-ups between 922 sq ft and 2,619 sq ft priced at RM1,700 psf.

KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) will kick-start its planned property project in Petaling Jaya with the launch of 900 units of serviced apartments worth RM560 million in the fourth quarter (4Q) of this year.

KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT), a shopping mall real estate investment trust, will embark on the next phase of asset enhancement initiative (AEI) works at East Coast Mall in Kuantan soon to improve the retail mix and visibility of retailers.

KUALA LUMPUR: Consortium Zenith BUCG Sdn Bhd expects to complete a feasibility study on the controversial RM6.3 billion George Town-Butterworth undersea tunnel project in April, two months earlier than scheduled.

KUALA LUMPUR: As widely speculated, S P Setia Bhd group president and chief executive officer Tan Sri Liew Kee Sin will relinquish his posts on April 30 — a year earlier than the contractual date in March 2015.

KUALA LUMPUR: The Economic Planning Unit (EPU) is expected to issue new guidelines that will require foreigners to buy properties here that are priced at RM1 million or above in March or April this year, said National Housing Department deputy director-general Datuk Mohamad Yusoff Ghazali.

LONDON: London house-price growth slowed this month after the best year since 2006 as values slid in the most expensive districts of Westminster and Kensington & Chelsea, Rightmove plc said.

SHANGHAI: China’s new home sales exceeded US$1 trillion (RM3.3 trillion) for the first time last year as property prices in cities the government considers first tier surged in the absence of more nationwide property curbs.