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.

PROPERTY players, consultants and astute real estate investors in the Klang Valley are training their sights on Selangor’s Seri Kembangan. Their interest centres on Senja, a high-end gated-and-guarded landed project, set to be unveiled anytime now.

KUALA LUMPUR: The supply of office space in 2014 is expected to exceed that in 2013 with as much as 6.27 million sq ft in Greater KL, according to C B Richard Ellis (CBRE) Malaysia’s latest market view report. CBRE noted that although a considerable supply is in strata-title or secondary buildings, the market is poised to favour tenants in the near future.

KUALA LUMPUR: YTL Land & Development Bhd has completed phase 1 of Sentul Skywalk, an overhead bridge spanning across Jalan Sentul connecting commercial blocks D6 and D7.

KUALA LUMPUR: The greater KL housing market is poised for stabilisation, with the significant growth in capital values seen since 2009 being replaced by an era of more gradual increases, according to CB Richard Ellis Malaysia’s (CBRE) latest market view report.CBRE partly attributed the growth of capital values in many areas of Greater KL since 2009 to a decline in new starts.