The performance of the residential property market in the Klang Valley in 1Q2013 was satisfactory, although transactions were slow in the run-up to the 13th general election (GE13).

Some of the entries for the 2013 Malaysian Institute of Architects (PAM) Awards were praised for their creativity, success in creating an architectural identity and thoughtful use of space and form.

KUALA LUMPUR: While many real estate investment trusts (REITs) in the country comprise single assets, Sunway REIT is different as it owns diversified assets, ranging from retail and office to hospitality and healthcare.

IN his nearly 37 years with S P Setia, Datuk Wong Tuck Wai has seen the company grow from a construction outfit into a property development juggernaut.

ONE of the many projects S P Setia Bhd's Datuk Wong Tuck Wai is overseeing is the upcoming Setia Sky Tropika. The luxury condominium project sits on 4.835 freehold acres in Taman Seputeh, Kuala Lumpur. The design and pricing have not been firmed up, says Wong, who is executive vice-president of niche developments.

AFTER many years in the construction business, Kimlun Corp Bhd has decided to make a foray into property development with a SoHo (small office/home office) development — Hyve — in Cyberjaya.The project comprises two towers — one 20 storeys high and the other 21 — on top of a five-level podium on an elevated 4.95-acre freehold enterprise site.

THE secondary housing market in Kota Kinabalu, Sabah, has been subdued lately with price-sensitive buyers responding cautiously to hikes in asking prices.

KUALA LUMPUR: Sarawak-based Hock Seng Lee Bhd (HSL) has seen a slight dip in its net profit for the first quarter ended March 31 — to RM19.5 million due to the long Chinese New Year break.

Revenue was also 3% lower at RM135.1 million, compared with RM139.2 million a year ago.