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) areas lead the way in terms of highest appreciation quarter on quarter, followed by Tebrau/Kempas.

PETALING JAYA: Lanson Place Hospitality Management Ltd, a Hong Kong-based premium hospitality investment and management brand in Asia, unveiled its latest pride and joy — Lanson Place Bukit Ceylon serviced residences, in Kuala Lumpur on August 21.Lanson Place executive director Karen Li and Lanson Place Bukit Ceylon Serviced Residences regional general manager Anson Chan launched the group's la

MELAKA: Hatten Group Sdn Bhd is presently working on the development of several new projects in Melaka, including Ivory Cove Resort, Hatten Melaka and Double Tree by Hilton. The total gross development value of its portfolio is more than RM3 billion."We are still acquiring new landbank to develop future commercial and residential projects and our current order book has been filled, up to 2020.

TAIPING: Four houseowners who were supposed to have their homes auctioned on Monday had a last-minute reprieve, thanks to none other than the bidders to their houses.

GIC Pte Ltd, the Singapore sovereign-wealth fund, is the buyer of Blackstone Group’s stake in London’s Broadgate office complex, according to two people with knowledge of the transaction.

KUALA LUMPUR: PR1MA Corp Malaysia, the agency that has been given the mandate to build affordable homes in urban areas, will roll out 15 affordable housing projects with a total gross development value (GDV) of RM5 billion.

The projects, which are expected to offer a total of 20,000 homes, are located in the Klang Valley, Johor, Penang, Sabah and Sarawak

KUALA LUMPUR: Property developer MKH Bhd registered a net profit of RM32.3 million in the third quarter ended June 30 (3QFY13), a jump of 120% from RM14.7 million in the same quarter a year ago.

Its revenue came in at RM185.4 million, an increase of 33.4% year-on-year (y-o-y) from RM139 million. The company did not declare any dividend payment for the quarter under review.

SINGAPORE: Singapore’s property stocks fell, driving an index tracking developers to a one-year low, after the government tightened its public housing policy by reducing tenures for new loans and restricting purchases by foreigners.