PETALING JAYA: Exsim Development Sdn Bhd’s first residential project The Treez, which was completed in November last year, is currently transacting in the secondary market at 36% to 42% higher than its launch price in 2010, said the developer. The Treez in Bukit Jalil was launched at RM500 psf in 2010 and units were fully sold within three months.

PHUKET: Twenty new villas were up for private ownership this month in Point Yamu by COMO Hotels and Resorts.

KUALA LUMPUR: The Green Building Index (GBI) and Malaysian Association of Hotels (MAH) have launched tools for hotels and resorts in Malaysia for a greener infrastructure in conjunction with Visit Malaysia 2014.The tools comprise the non-residential new construction (NRNC) hotel tool, non-residential existing building (NREB) hotel tool, NRNC resort tool and NREB resort tool.At the launch of the

PETALING JAYA: Group president of Veritas Design Group David Mizan Hashim abseiled off a Glomac Damansara residential block in the final site inspection of buildings prior to its handover to its owners. The approval was given for Blocks B and C of the development.David leapt 126m from the rooftop of Tower 1’s 25-storey Block B.

KUALA LUMPUR: WCT Holdings Bhd said the investment certificate granted to its indirect 67%-owned subsidiary BSC-WCT Co Ltd to undertake the proposed RM1 billion Platinum Plaza development project in Ho Chi Minh City, Vietnam, has been revoked by the Ho Chi Minh City People’s Committee.

KUALA LUMPUR: IJM Land Bhd’s pre-tax profit for the third quarter ended Sept 30, 2013, rose to RM133.9 million, from RM87.2 million in the previous corresponding period.

Revenue increased to RM468.9 million from RM358 million.

JOHOR BARU: Damansara REIT Managers Sdn Bhd, a subsidiary of Johor Corp (JCorp), has disposed of Hotel Selesa Johor Baru and Menara Metropolis to Smartwheels Group, a Johor-based bumiputera company, for RM125 million.

KUALA LUMPUR: The integrated Pavilion Kuala Lumpur development will culminate with a RM330 million five-star hotel — the Royale Pavilion Hotel — that will begin construction next month and is expected to be completed in June 2016.

BANGKOK: Political unrest and an over-supplied US$20 billion (RM65.6 billion) real estate market in Thailand are the latest challenges threatening developers who are cancelling new launches in the hopes of staving off a bubble.

KUALA LUMPUR: UEM Sunrise Bhd managing director (MD) and chief executive officer (CEO) Datuk Wan Abdullah Wan Ibrahim, whose stewardship had led the property development company’s revenue to grow from RM511.65 million in 2008 to RM2.43 billion last year, passed away yesterday after a short illness.