KUALA LUMPUR (Mar 6): Transaction volume and prices in Asia's luxury residential market will likely see further softening in the coming months due to tighter financing, lower buyer interest, and some developers offering discounts or cheaper units, said international property consultancy CBRE Group Inc.

KUALA LUMPUR (March 5, 2012): Kuala Lumpur City Hall (DBKL) would have had to compensate Gasing Meridian Sdn Bhd RM135 million if the Sanctuary Ridge luxury homes development on the hillside of Bukit Gasing was not allowed to be developed, said mayor Tan Sri Ahmad Fuad Ismail.

For Yun Fan Yang and Leila Goncalves, nothing beats London when it comes to shopping.

Both women, who hail from China and Brazil respectively, frequently travel to the British capital for a spot of retail therapy. Recently interviewed by the Evening Standard in central London’s shopping districts, they named Burberry, Harrods and Smythson as some of their favourite stores.

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) tightened guidelines on consumer lending have started to work. Banking indicators have started to show a contraction in loan applications and approvals in January, while loan growth has moderated.  

KUALA LUMPUR: UEM Land Holdings Bhd is rejuvenating itself into a different animal, as it gears up to expand into new markets.

The company has identified India, Vietnam and Myanmar as potential targets.

IPOH (March 5, 2012): The Perak government will offer incentives for landlords to build new buildings in line with the plan to redevelop small towns in the state.  Mentri Besar Datuk Seri Dr Zambry Abdul Kadir said by doing so, the redevelopment of small towns in the state could be implemented without involving any land acquisitions.

KUALA LUMPUR (March 5,2012): The Works Ministry is drawing up a green building rating system that can be applied by the public and private sectors in promoting green developments in the country.

GEORGE TOWN (March 5, 2012): Penang-based property developer Ivory Properties Group Bhd is targeting to launch projects worth a total gross development value (GDV) of RM1.4bil this year.

Among the projects to be launched in Penang are The Latitude in Mount Erskine, Penang Times Square’s Phase Three and Phase Four, City Mall and City Residence in Tanjung Tokong.

KUALA LUMPUR (Mar 1): During the fourth quarter (4Q), the total supply of 3-star and 5-star hotels in Kuala Lumpur stood unchanged from the previous quarter at 24,417 keys, while serviced apartments remained at 5,914 since the previous period.

Seri Pajam Development Sdn Bhd may not be a prominent name among the country’s leading developers, but people living in the southern fringes of the Klang Valley may be familiar with this contractor turned developer that has established a reputation for building spacious yet affordable properties.