News about US

FROM its trendy restaurants to its art and culture centres, Melbourne has long presented itself as one of the most desirable places to live and work.

ISKANDAR PUTERI (June 7): Property developer UEM Sunrise Bhd has handed over 20 keys to owners of the Bayu Nusantara affordable homes in Iskandar Puteri (formerly known as Nusajaya) at Iskandar Malaysia, Johor, the group announced in a press release today.

•     Originally developed by the Selangor State Development Corp (PKNS), properties in Kota Damansara remain relatively affordable.

TASMANIA (June 6): The chief executive and founder of Fragrance Group, Koh Wee Meng is believed to have bought a A$5.

PETALING JAYA (June 6): Gamuda Land, the property arm of construction group Gamuda Bhd, aims to launch its first Australian project — 661 Chapel St in Melbourne — Down Under in the third quarter of this year, said the developer’s chief operating officer Ngan Chee Meng.

JOHOR BAHRU (June 6): A property agent here has found out the hard way that it does not pay to cheat clients.

SINGAPORE (June 2): Frasers Property Australia says construction firm Brookfield Multiplex has been awarded a A$290 million ($290 million) contract to build the DUO in Sydney.

GAMUDA Land’s first Australian project in Melbourne — 661 Chapel St — has recorded a take-up rate of 30% since its launch in Kuala Lumpur in June last year.

SEREMBAN (June 1): Matrix Concepts Holdings Bhd is confident its M.

•    Today, we look at price growth and indicative asking rental yields for non-landed homes in USJ.