Gamuda Land’s first Australian project in Melbourne — 661 Chapel St — has recorded a take-up rate of 30% since its launch in Kuala Lumpur in June last year.

Today, we continue our focus on Kelana Jaya by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by TheEdgeProperty.com, the average price of non-landed homes in the area has remained steady at RM431 psf in 1Q2015.

The recently announced tender schedule for the estimated RM30 billion Mass Rapid Transit Sungai Buloh-Serdang-Putrajaya Line (SSP Line), or MRT2, promises exciting times for the construction sector over the next few months.

Knight Frank Malaysia (Sabah) research executive Welton Chin says the majority of property buyers in Kota Kinabalu in the past two years have been local first-time homebuyers and young families.

The story started in 2004 when Tan King Hong, Loh Kok Theng and See Cherng Jye were brought in to establish Yuwang Development Sdn Bhd, the property arm of Yuwang Group.

Despite concerns about oversupply of retail space in urban areas -- with many shopping mall projects nearing completion -- retail consultant Tan Joon Kai sees great prospect for suburban shopping malls in maturing neighbourhoods in the Klang Valley.

Gamuda expects robust property sales of RM500 million to RM520 million in Vietnam, and new overseas ventures in Melbourne and Singapore, to drive overall sales growth from FY16 to FY17.

Fewer transactions are also anticipated.

Lim: We have open, competitive tenders. We also carry out public consultations before we give the final approval and there are environmental safeguards.

While awaiting better infrastructure, the city experiences a luxury condo boom.