ONE of the first emporiums in Petaling Jaya’s town centre was recently sold to an international ice-cream brand franchise holder for RM42 million.

We look at ourselves as a value developer rather than a property developer,” says Tan Gay Beng, general manager and director of BTHomestead Development Sdn Bhd (BTH).

JOHOR BARU’S residential market continued to grow in 3Q2013. The area where most homes experienced appreciation was Nusajaya/Skudai. Values of all of the 2-storey houses there, except in Nusa Idaman, grew by 4% (The Gateway at Horizon Hills, to RM780,000) to 11% (Taman Impian Emas, to RM500,000) on a quarterly basis.

PETALING JAYA: According to Knight Frank’s prime global forecast for the fourth quarter of 2013, the report predicted that opportunities in 2014 will be focused more locally, than at the macro level previously.Rising interest rates and government intervention in the form of buyer restrictions now pose the greatest threat to luxury residential markets worldwide.Dubai leads the forecast for the l

PENANG: The government is looking to support Malaysian premium brands,  according to Pemandu (Performance Management and Delivery Unit) director for wholesale and retail Ravindran Devagunam at the reopening of the British India store in Gurney Plaza on Monday.“We have an ETP [Economic Transformation Programme] for an initiative called ‘Foreign Brand Acquisition’ in which we are looking to modif

THE Australian property market has always been on the radar screen of Malaysians, be it for investment or migration purposes. Recognising this demand, boutique residential developer Spec Property recently set up an office, Spec Property Development (Malaysia) Sdn Bhd, in The Curve in Mutiara Damansara to serve as both a sales gallery for its products and a customer service centre.

GEORGE TOWN: Penang Chief Minister Lim Guan Eng has found a caustic example — a profit-making land-deal involving two senior state Umno leaders — to justify the state’s radical new property policy.