HONG KONG: Sun Hung Kai Properties (SHKP), the biggest developer in Hong Kong in terms of market share, says it will build more small flats in its new projects in response to a sharp fall in demand for luxury homes.

A top official of Sime Darby Bhd says the group has broached the subject of listing its property arm with the view of extracting better value for shareholders.Group chief operating officer Datuk Abdul Wahab Maskan says the listing of Sime Darby Property Bhd, which if it happens would be the largest in its sector on Bursa Malaysia, has been mentioned at group-level discussions."In terms of attri

TUNKU Naquiyuddin Tuanku Ja'afar is looking at the property sector after the subsidiaries of Syarikat Pesaka Antah Sdn Bhd — which is owned by his family — sold the Jimah power plant in Kuala Lukut, Negri Sembilan, to 1Malaysia Development Bhd (1MDB) for RM1.2 billion.In a recent interview with The Edge, Tunku Naquiyuddin says he has not decided what to do with the proceeds from the sale, altho

KUALA LUMPUR: The Malaysian Institute of Estate Agents (MIEA) said it sees a steady sales growth of 10% across all sectors of the property market over the rest of the year, leading into early 2014.

KUALA LUMPUR: Ipmuda Bhd is acquiring from Maju Holdings Sdn Bhd 24 office lots worth RM25.7 million as a debt settlement.

Expected to close by the fourth quarter of 2014, the deal will allow Ipmuda to fully recover the long outstanding debt owed by Maju, according to a filing with Bursa Malaysia yesterday.

PETALING JAYA: Sunway Bhd, which has partnered with Syarikat Prasarana Nasional Bhd to build the Bus Rapid Transit (BRT) Sunway Line, expects a bigger consumer growth in Sunway Resort City upon completion of the BRT as well as the Subang Jaya LRT stations.

INDUSTRY analysts are upbeat on the listing prospects of the country's largest developer in terms of landbank, Sime Darby Property Bhd — a division under plantation giant, Sime Darby Bhd. The division has 19,000 acres of land, with another 18,800 acres identified for future development.

THE Johor Economic Planning Unit (UPENJ) says the state government's proposal to increase the tax on foreign-owned properties in Johor will not dampen market demand."Such revisions will not be a burden on property owners, whether local or foreign, and will not dampen the property market," UPENJ deputy director Dr Badrul Hisham Kassim tells The Edge.The economic planning unit has been tasked by

I'M not a conservation architect," says architect and urban and regional planner Michael Ong, who is also a director in BYG Architecture Sdn Bhd.

KUALA LUMPUR: Iskandar Malaysia has received new investments worth RM7.56 billion in the second quarter (2Q), bringing cumulative investments in the southern growth corridor to RM118.93 billion as at June 30. Real estate development contributed RM45.18 billion of the total investment.