News by Tan Ai Leng

In conjunction with World Environment Day on June 5, S P Setia Bhd is teaming up with TheEdgeProperty.com to hold a photo contest for all readers and online users of TheEdgeProperty.com.

Investment and asset management company MFR Capital Sdn Bhd has purchased a whole floor in Hatten Group's Harbour City Resort Suites project in Melaka comprising 40 units for RM24 million, said Hatten Group head of marketing and sales division Cassandra Tio.

Oakland Commercial Centre II phase 4F in Seremban, Negeri Sembilan, has received encouraging response with 40% of its 182 shop units and offices taken up during a launch on May 15, 2016.

KotaSAS Sdn Bhd, the developer of Kota Sultan Ahmad Shah (KotaSAS) township in Kuantan, Pahang, has seen 52% of its Evergreen II Homes being taken up since the project was unveiled in March, said the developer.

In conjunction with its first anniversary, the one-stop property portal will unveil its new look on Monday, May 23, that will be complemented by enhanced user experience and more offerings designed to help users make better investment decisions.

PROPERTY transaction costs and taxation are becoming increasingly important considerations for investors. Global consultancy Knight Frank in its recently launched Global Tax Report developed jointly with Ernst & Young revealed that indicative property tax costs can range from as low as 3.5% or 3.6% of the property price in Monaco and Dubai, respectively, to over 30% in Sao Paulo.

K Soma Sundram – the recipient of the Real Estate Agent of the year award 2016 from Board of Valuers, Appraisers and Estate Agents Malaysia (Bovaea) – hopes that the local estate agency industry will work towards becoming more professional.

IJM Land Bhd will be unveiling its first commercial development in Pantai Sentral Park in Bukit Kerinchi, Kuala Lumpur, which carries a gross development value (GDV) of about RM500 million by the end of this year, said IJM Land Bhd central region senior general manager Hoo Kim See.

: The move will enhance the presence of both firms locally and internationally.

International hospitality manager and operator Oakwood Asia Pacific aims to grow its presence in Malaysia through new partnerships and is seeking such opportunities with local property owners, said its sales, marketing and revenue management vice president Paul Stocker.