While green developments are in the early stages of adoption in Malaysia, there is no doubt that they have come a long way. There are 27 Green Building Index (GBI) certified buildings in Malaysia while 179 applications have been submitted over the last two years.

Although the condominium market in Mont’Kiara has been subdued of late, it does not seem to have lost its attractiveness to new residents, especially expatriates.

Developers are moving towards building condominiums with smaller units, which means there will be a limited supply of large condos in Mont’Kiara in the future, a scenario for investors to consider.

Putrajaya has held its own despite the prevailing perception that a city of government offices and civil servants would not attract much attention among real estate investors.

The US subprime crisis, which peaked in 2008, triggered a global financial crisis that affected the property sector in many countries. But now, the real estate market in certain cities is recovering and experiencing positive growth. One hot spot is New York City.

Uncertainty over the national housing policy in the wake of the recent  Singapore General Election and buyers’ increasingly discerning attitude have caused both volume and prices of new private home sales in May to drop, compared with the preceding month.

June 1 marked the debut of boutique developer Global Orion Properties’ maiden condominium project, The Viridian at Balestier, in Singapore.

KUALA LUMPUR: I&P Group Sdn Bhd will launch its double-storey terraced homes PENTAS at its Alam Impian township in Shah Alam in conjunction with the launch of its Mad About Homes 2011 campaign in Shah Alam this weekend, July 23 and 24.

KUALA LUMPUR: UDA Holdings Bhd will probably have to resort to bank borrowings to come up with the outstanding RM104 million premium for the 8ha Pudu Jail land it is due to pay the government in September.

According to an industry observer, the government rejected UDA's request for a waiver on the premium.

KUALA LUMPUR: St John Woods Residence, an upcoming luxury condominium development in Kuala Lumpur’s Golden Triangle, is receiving good response as 22 out of its 48 units have been reserved by interested buyers since its preview launch on July 16. “The response has been very encouraging as we exceeded our sales target.