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THE Kerinchi and Pantai area located south of Bangsar in Kuala Lumpur is a growing property hotspot.

The proposed implementation of “international zones” for the purchase of residential property by foreigners in Johor is likely to dampen demand for luxury properties outside of them that are priced above RM1 million, real estate agents familiar with the Johor market tell The Edge Property.

KUALA LUMPUR (June 5): Perdana ParkCity Sdn Bhd’s Westside III condominium in Desa ParkCity, Kuala Lumpur, saw a 59% take-up rate after its priority launch event on May 30.

PETALING JAYA (June 4): In an effort to promote liveability and environmentally friendly practices, Sunway Property, in partnership with Malaysian Environmental NGOs (MENGO) and supported by Eco Knights, kicked off the World Environment Day (WED) celebration with its communities in its flagship township of Sunway Resort City in Petaling Jaya yesterday.

PETALING JAYA (June 3): The Petaling Jaya City Council (MBPJ), Selangor, will be taking action against defaulters who failed to pay their assessment tax amounting to RM2.

SHAH ALAM (June 3): Paramount Corp Bhd is on track to achieve its RM600 million property sales target within the next three years, capitalising on existing projects and RM2 billion worth of bids, its chief said.

KUALA LUMPUR (June 3): In a case of the authorities putting the cart before the horse, a developer is caught in a bind as it has been told to fulfil its obligations to build public facilities but has yet to be given the necessary approvals to do so.

KUALA LUMPUR (June 3): The Klang Valley will welcome four million sq ft of retail space in 2015, according to the “Savills Malaysia Retail Report Newsflash” June 1.

KUALA LUMPUR: TA Global Bhd executive chairman Datuk Tony Tiah Thee Kian has continued to accumulate shares in the firm over the past two months, raising his direct stake in the company to 12.

KUALA LUMPUR (June 2): Kuala Lumpur City Hall (DBKL) is in the final stages of discussing plans to revive the Plaza Rakyat project in Jalan Pudu with Profit Consortium Sdn Bhd, the developer appointed to take over the long-abandoned building and give it a new lease of life.