News about AP

SINGAPORE (July 12): CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.

KUALA Lumpur’s Melawati area has been a property hot spot for the last decade, with prices soaring and new developments from major developers such as Sime Darby Property Bhd, Sunway Bhd and Nadayu Properties Bhd.

SINGAPORE (July 11): The Urban Redevelopment Authority (URA) has launched a Request for Proposal (RFP) today, inviting multi-disciplinary teams to develop master plan proposals for Singapore’s Jurong Lake District, according to a press release dated Monday.

KUALA LUMPUR (July 11): Yong Tai Bhd's share price rose further today to a 10-month high as investors reacted positively to the group's plan to jointly undertake a property development project in Ijok, near Kuala Selangor, with another company.

SENTOSA Cove has some of the priciest waterfront resort homes built on 99-year leasehold reclaimed land.

PETALING JAYA (July 9): The glass panels of a fifth-storey infinity pool at the Cradels condominium in Whampoa, Singapore, crashed to the ground yesterday, sending shattered glass flying across the condo compound and water pouring from the pool, reported the Straits Times.

SINGAPORE (July 5): OCBC Investment Research is keeping its “neutral” rating on Singapore’s residential property sector amid “one of the longest property bears in recent history”.

•     While Subang and Ara Damansara are located adjacent to each other, they offer vastly different landscapes with the former dominated primarily by industrial sites and affordable housing while the latter is more affluent with gated and guarded neighbourhoods and increasingly upmarket condominiums.

WITH its vibrant economy and rising property prices, Sarawak’s capital city Kuching is well positioned to become the state’s most popular residential destination for investors and owner-occupiers.

KUALA LUMPUR (July 3) Chinese metaphysics consultant Datuk Joey Yap expects the property sector to continue to be slow as the market belongs to “earth” element industry, which should be weak in the Year of the Fire Monkey.