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It said it is looking at launching new phases of mostly terrace houses throughout the Klang Valley and Johor, as well as upscale products such as semi-detached units in Saujana KLIA.

The refund would amount to RM159.25 million, which comprises a RM156.25 million initial payment for the purchase and lease consideration, and RM3 million earnest deposit, for the 182ha plot of land on which the mixed development was planned.

Its chairman Tan Sri Isa Samad said the project will be a strategically placed development. The project is on 640.98 acres (259.4ha) of land, which is one of the largest parcels available in Melaka now.

Combining the old with the familiar and coming up with something unexpected is how Singapore-based designer Jarrod Lim describes his creative process.

Buoyed by the upcoming MRT and LRT lines, capital values had appreciated moderately across most properties in the 12 months to 1Q2015.

Property group CapitaLand announced that it is setting up a venture fund, C31 Ventures, to tap global tech start-ups in its ongoing effort to “innovate and build real estate of the future”.

Sapura Resources Bhd will channel proceeds from the sale of its education assets towards its RM1.5 billion property project near the Kuala Lumpur City Centre.

Datuk Zarul Ahmad Mohd Zulkifli, chairman of Consortium Zenith BUCG Sdn Bhd (CZBUCG), which conducted the study, said it was up to the state to decide whether to construct the undersea tunnel given that the feasibility study was incomplete.

In the 12 months to 1Q2015, about 62.7% of the secondary non-landed residential transactions fell within the RM401–RM600 psf range. Another 24.2% fell within the RM601–RM800 psf range.

The amount due includes the 83% feasibility studies done on the 7.2km undersea tunnel connecting Butterworth on the mainland and Gurney Drive on the island, which has been stopped following instructions given by the Penang government about a month ago, said its chairman Datuk Zarul Ahmad Mohd Zulkifli.