KUALA LUMPUR (April 28, 2012): “Investment gurus all say that in uncertain times, invest for the long term,” Zerin Properties CEO Previndran Singhe said at The Edge Investment Forum on Real Estate 2012 on Saturday, April 28 at Sime Darby Convention Centre in Kuala Lumpur.

KUALA LUMPUR: Government measures to curb speculative property buying have been rather effective.

PETALING JAYA: The first tower of Mah Sing Group Bhd’s Icon Residenz serviced apartments in its Icon City mixed development is almost 70% booked ahead of its launch on May 12, said COO Andy Chua.“We’ve had almost 12,000 registrants since late last year.

KUALA LUMPUR: Saville @The Park Bangsar, a joint venture (JV) development between MKH Bhd and Amona Metro Development Sdn Bhd, has achieved a take-up rate of 65% since its official launch in March.The development, in which MKH has a 60:40 share, is located on a 5.23 acres (2.1ha) of freehold land in Bukit Gasing with a gross development value (GDV) of RM300 million.

Sunway Real Estate Investment Trust (April 26, RM1.26)

AXIS REIT (RM2.74) kicked off the 1QFY12 earnings season for locally listed real estate investment trusts (REITs) on a strong note. Property income was up 18.3% y-o-y to RM32.2 million, lifted by contributions from the two newly acquired properties as well as higher average occupancy rate.

KUALA LUMPUR: Mulpha International Bhd disposed of a 0.72-acre (31,516 sq ft) tract in Jalan Sultan Ismail, Kuala Lumpur late last year for RM104 million. This works out to RM3,300 psf, a benchmark price for development lands in Kuala Lumpur city centre. The site was originally slated for a proposed Grade “A” office building initially dubbed Menara Mulpha.

PETALING JAYA (April 27): The first tower of Mah Sing Group Bhd's Icon Residenz serviced apartments in its Icon City mixed development is almost 70% booked ahead of its launch on May 12, said COO Andy Chua.

"We've had almost 12,000 registrants since late last year. We are confident of selling all the units in a weekend," he told The Edge Financial Daily recently.

KUALA LUMPUR (April 27): Bolton Bhd recently launched the second tower of The Wharf Residence, selling the units for 7.9% more than the launch prices of units in the first tower.

Launched on the weekend of April 14, The Wharf Residence Tower 18 saw 75% of its 334 units sold.

BANDAR SUNWAY (April 26): Sunway Group announced that they will be undertaking RM130 million worth of roadworks and infrastructure improvements which they hope will alleviate the current traffic congestion in Bandar Sunway, Subang and USJ, as part of the group's corporate responsibility programme.