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Developers shy from sales market amid gloom

HONG KONG: Just 157 flats were offered for sale by developers last month, the lowest total in eight months. But analysts expect the number of new releases to pick up again in the coming weeks.

Mortgage tightening to hit high-end properties

KUALA LUMPUR: The higher end of the Malaysian property market will likely be hit most severely should Bank Negara Malaysia (BNM) initiate measures for banks to compute household debt based on a borrower’s net income rather than gross income, said RHB Research.

Analysts neutral on Sime-E&O collaboration

KUALA LUMPUR: While the market awaits specific details on the agreement between Sime Darby Bhd and Eastern & Oriental Bhd (E&O), analysts remain cautious on the deal.

Sime announced the acquisition of a 30% strategic stake in the Penang-based property developer close to two weeks ago.

Dijaya acquires 80ha in Kajang for RM228m

KUALA LUMPUR: Dijaya Corp Bhd has acquired 80ha of freehold development land in Kajang from Taiyo Resort (KL) Bhd for RM228 million or RM26.36 per sq ft. It will be turned into a mixed development with expected gross development value (GDV) of RM2 billion.

Major BRDB shareholder offers to buy assets

KUALA LUMPUR: Ambang Sehati Sdn Bhd, the major shareholder of Bandar Raya Developments Bhd (BRDB), has offered to buy some of the developer’s assets, including the famous Bangsar Shopping Centre (BSC) and Menara BRDB in Jalan Maarof.

City&Country: 'Bite-sized' products

Real estate investor Richard Lum owns six small office/home office (SoHo) units in Shaftsbury Square, Cyberjaya. He tells City & Country that he chose to invest in SoHos because he sees a demand for them, especially among young couples and singles.

City&Country: Architectural fusion

Local architectural firm Akitek Rekabina Sdn Bhd and Italian-based BiCuadro Architects are bridging the gap between Eastern and Western designs to create international works of art.

Established in 1972, Akitek Rekabina mostly designed housing schemes in its early years but it has turned to building public institutions such as schools, colleges, polytechnics and universities.

City&Country: Singapore-- Growth in prime rents to soften

Richard Yacenda, a managing director for Deustche Bank, had looked at 50 apartments in Singapore before deciding on a 2,896 sq ft three-bedroom unit at Parkview Éclat, a boutique luxury condominium located along Grange Road.