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SP Setia Bhd plans to launch the newly approved Setia EcoHill 2 — a 1,010-acre township with a gross development value of RM5 billion — next year.

PRICES of homes on Johor Baru’s secondary market remained firm in 1Q2015, according to The Edge-KGV International Property Consultants Johor Baru Housing Monitor for the period.

JOHOR BAHRU (July 1): Demand for medium, affordable and low-cost housing in Johor’s Iskandar region remains strong, says Iskandar Regional Development Authority (IRDA) chief executive Datuk Ismail Ibrahim.

KUALA LUMPUR (June 30): Tadmax Resources Bhd clarified today that the valuation of its Pulau Indah land for sale to 1Malaysia Development Bhd (1MDB) was not subject to approval by the Securities Commission Malaysia (SC).

PETALING JAYA: Matrix Concepts Holdings Bhd said the Negeri Sembilan government’s move to change its affordable housing policy and bumiputera quota will enable a project’s gross development value (GDV) to increase, in a report by The Edge Malaysia (June 29 – July 5 2015 issue), “The people will ultimately benefit as there will be more affordable housing, while developers can still make a profit,” Matrix Concepts founder and group managing director Datuk Lee Tian Hock told the weekly.

PETALING JAYA (June 29): Sunway Construction Group Bhd (SCG) has set a dividend policy of paying out 35% of its annual core profit once it has been listed to enable its shareholders “to participate in the group’s profit”, according to its prospectus of its initial public offer.

PETALING JAYA (June 29): Sunway Construction Group Bhd’s (SCG) listing exercise will offer up to 398.

BINTAN (June 27): The Haven Sdn Bhd aims to launch its S$1 billion integrated hospitality project here in Indonesia by year-end, said its CEO Peter Chan.

PRICES on the Kota Kinabalu secondary market are expected to continue rising, albeit at a slower pace, in the coming months.

Real estate agents should be consultants, not salesmen, says Reapfield Properties Sdn Bhd real estate negotiator Jonathan Kuek.