News about Australia

KUALA LUMPUR (April 14): S P Setia Bhd, the country's biggest-listed developer by sales, has acquired its fourth piece of land in Melbourne, Australia, which it intends to develop into a high-end residential project with a gross development value (GDV) of A$38 million.

SINCE the mid-2000s, Australia has seen low interest rates, an abundance of liquidity and strong population growth, underpinned by high levels of immigration.

PETALING JAYA (April 8): The International Real Estate Research Symposium 2016 (IRERS) organised by The National Institute of Valuation (INSPEN) will see several eminent professors from the UK and Australia presenting papers based on the theme of this year’s symposium – Leading the Way: Innovation in Real Estate.

EVERYONE is talking about the coming of another economic downturn, locally and globally.

IN a bid to sustain itself in a sluggish local property market, BRDB Developments Sdn Bhd has turned its attention to other parts of the world.

KUALA LUMPUR (March 19): BRDB Developments Sdn Bhd plans to launch RM2 billion worth of projects this year – namely in TamanSari in Rawang, Selangor, the Defense Raya Golf and Country Club (DRGCC) in Lahore, Pakistan, and Gateway Wollongong in New South Wales, Australia.

KUALA LUMPUR (March 12): The auction market has the potential to become an avenue to market non-distressed properties with some classy and creative sales strategies, said an auction market expert.

PETALING JAYA (March 11): Mitraland Group plans to officially launch its Melbourne high-rise residential project Esque South Yarra by early April this year in Melbourne.

THE Australian government’s Northern Growth Corridor programme, launched in 2012, has been a catalyst for developments in the country’s suburban areas.

KUALA LUMPUR (Feb 25): Selangor Properties Bhd (Selangor Prop) expects the group's earnings growth to remain flat in its current financial year ending Oct 31, 2016 (FY16), as the group, which has not launched new products for some years — though it has a luxury condominium planned this year — continues to rely on its property investments as its major income stream for now.