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Real estate sector to continue to be vibrant post-GE13

THE real estate market in Malaysia continues to be active in terms of transactions and will continue to be vibrant in the long term, Zerin Properties CEO Previndran Singhe tells City & Country."Recently, both condos and landed homes were mopped up by cash-flush investors in traditional locations in the Klang Valley, including Bangsar, Taman Tun Dr Ismail, Mont'Kiara, Damansara Heights and C

NCT Group aiming high with Elemens

NCT Group managing director Yap Ngan Choy started out as a tiling contractor in 1976, right after he completed school. In 1985, he set up his own company, NCT Tiling Sdn Bhd.

New rules crack down on misleading flat marketing

HONG KONG: Misleading marketing of new flats by developers has prompted the government to introduce complex and strict new regulations covering the sale of homes.

The Residential Properties (First-hand Sales) Ordinance takes effect today and aims to shield buyers from dishonest sales practices.

New rules complicate buying property in China

CHINA: The mainland's recent property market cooling measures have perplexed foreign nationals, who wonder what the new rules mean for them. Time for a quick call to Chris Dillon, author of mainland property buying guide Landed China, for an explanation.

Hot demand for strata commercial space

THE successful launch of Pavillion Square by listed property company Pollux Properties on March 23 saw all units snapped up by balloting, with the highest price achieved reportedly $10,798 psf for a 118 sq f unit. The buyers were said to be mainly local investors. Other developers have wasted no time in rolling out their mixed-use projects.

Alam Perdana low-cost housing project restored

KUALA SELANGOR: Despite the various obstacles put in its way by the Pakatan Rakyat-led Selangor government, Syarikat Perumahan Negara Berhad (SPNB) managed to restore the abandoned low-cost housing project in Bandar Alam Perdana, thus fulfilling the dream of 2,500 buyers to own a house.

JCorp records higher pre-tax profit

JOHOR BARU: Johor Corp (JCorp), the state government’s development arm, recorded a 60.7% jump in pre-tax profit to RM868 million for the financial year ended Dec 31, 2012 (FY12) from RM540 million previously.

President and CEO Datuk Kamaruzzaman Abu Kassim said group revenue rose 11.2% to RM5.64 billion compared with RM5.07 billion a year ago.

Rehda launches green rating tool

THE Real Estate and Housing Developers' Association of Malaysia (Rehda) recently announced the introduction of its own Green Real Estate or GreenRE — a green building and carbon-rating tool."With GreenRE, we want to give our members an alternative green tool.

Swiss fund plans grade A facelift for warehouse

HONG KONG: Partners Group, the international private equity fund management firm, has teamed up with a Hong Kong-based investment fund to buy an industrial building in Kwun Tong for HK$958 million.