KUALA LUMPUR: OSK Property Bhd's upscale Mirage by the Lake condominium development in Cyberjaya has seen 90 out of 125 condo units in its first phase sold since February.

This represents a 72% take-up of the first phase where the units were priced from RM582,000 to RM1.07 million, with units ranging from 1,102 sq ft to 2,202 sq ft in gross built-up.

Investment Highlights

KUALA LUMPUR: When Hong Kong-based property tycoon Tan Sri David Chiu emerged as a substantial shareholder in Land & General Bhd (L&G) in August 2007, there was speculation of a possible asset injection or takeover exercise. It pushed the stock from 20 sen to over 80 sen in six months, but there was no asset injection.

BEIJING: New home prices in Beijing rose 4.9% in March from a year earlier, slowing from an annual increase of 6.8% in February, the National Bureau of Statistics said on Monday, Apr 18.

In Shanghai, the prices were up 1.7% in March, compared with a rise of 2.3% in February.

Investment Highlights

Investment Highlights

• We maintain our BUY rating on IJM Land and raise our fair value from RM3.88/share to RM4.00/share – based on an unchanged 10% discount to our revised fully-diluted NAV of RM4.45/share.

Demand for housing will remain strong in the next two to three years, driven partly by a lack of supply, says Christopher Boyd (picture), executive chairman of CB Richard Ellis (CBRE) Malaysia.

Standing out from the competition can be tough and Gamuda Land, in bringing Madge Mansions to the market, has come up with a special feature for the uber-luxurious product in Ampang, Kuala Lumpur.

Thriving on customer loyalty

Prices of 2-storey terraced homes in established neighbourhoods in the Klang Valley are on an upward trend on the secondary market, say real estate agents.