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KUALA LUMPUR (June 8): Eco World Development Group Bhd (EcoWorld) has agreed with the Penang Development Corp (PDC) to rescind a letter of award dated March 26, 2015 for the purchase and development of 449.

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.

CHAN Sow Lin, an industrial area in Kuala Lumpur, has seen plenty of interest from developers in recent years.

KUALA LUMPUR (June 2): Higher costs of funding prompted some banks to raise their base rates (BR) and base lending rates (BLR) recently, the first time since January 2015, when the BLR structure was replaced with a new BR system.

PETALING JAYA (June 1): Eco Majestic – a township by Eco World Development Group Bhd (EcoWorld) in Semenyih – has signed a memorandum of service agreement (MoA) with Telekom Malaysia (TM) to provide Internet connectivity readiness for its future residents, said the developer in a statement today.

KUALA LUMPUR (May 27): UEM Sunrise Berhad and Telekom Malaysia Bhd (TM) will jointly undertake a high-rise mixed development project on the telecommunications giant’s Bukit Mahkamah land, along Jalan Raja Chulan in the city centre.

IN more recent years, the line between hospitality design and residential design has been blurred with many hotels and resorts beginning to look more like high-end homes and vice versa.

THE impact of the Johor government’s move to freeze new applications for non-landed developments continued to be felt in 1Q2016, says KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan.

SINGAPORE (May 23): CapitaLand Commercial Trust (CCT) has proposed to acquire the remainder 60% interest in Grade A office tower CapitaGreen for S$393 million.