KUALA LUMPUR: Ivory Properties Group Bhd expects phase four of the Penang Times Square (PTS) to commence work in the first half of 2015, said group chief executive officer Datuk Low Eng Hock.He told The Edge Financial Daily via email that phase four of The Central is expected to be completed by 2019.

KUALA LUMPUR: Cooling measures and economic uncertainties will continue to weigh down on values and yields of Hong Kong properties, said Knight Frank in a report on Jan 21.Residential properties will be hardest hit with values expected to decline by a further 10% to 15%, while rents are expected to decline by up to 5%.“Residential sales could drop further with continued cooling measures and inc

PETALING JAYA: In India, pre-launch schemes by residential developers may soon vanish pending the Real Estate Regulatory Bill and this will create funding constraints for future projects, according to a recent report by Jones Lang LaSalle India.“In June 2013, India’s Group of Ministers (the Union Cabinet) approved the Bill, which prohibits residential unit sales by developers before obtaining a

PETALING JAYA: Jaya Shopping Centre in Section 14, Jalan Semangat, Petaling Jaya recently launched its new business-to-business (B2B) website targeting retailers and the business community in gearing up towards its upcoming opening in the first quarter of this year.“This is yet another milestone for Jaya as we count down to the opening of the mall,” said Ismail Ani Arope, director of Jaya Secti

KUALA LUMPUR: A new supply in the residential segment with an average of 5,477 units per annum is predicted for the next three years, with continued downward pressure on rental values expected, especially in the city centre, according to real estate consultant DTZ Nawawi Tie Leung Property Consultants Sdn Bhd.In its report on Jan 20, DTZ said Kuala Lumpur will see added supply of office and res

KUALA LUMPUR: Eastern and Oriental Bhd (E&O) launched its sales gallery for its latest project, a joint venture development with Japan-based real estate developer Mitsui Fudosan Co Ltd dubbed The Mews on Jan 20. Currently, 70% of the project has been taken up with 10% of the buyers from Japan. The Mews offers 256 units with built-ups between 922 sq ft and 2,619 sq ft priced at RM1,700 psf.

KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&N) will kick-start its planned property project in Petaling Jaya with the launch of 900 units of serviced apartments worth RM560 million in the fourth quarter (4Q) of this year.

KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT), a shopping mall real estate investment trust, will embark on the next phase of asset enhancement initiative (AEI) works at East Coast Mall in Kuantan soon to improve the retail mix and visibility of retailers.

KUALA LUMPUR: Consortium Zenith BUCG Sdn Bhd expects to complete a feasibility study on the controversial RM6.3 billion George Town-Butterworth undersea tunnel project in April, two months earlier than scheduled.

KUALA LUMPUR: As widely speculated, S P Setia Bhd group president and chief executive officer Tan Sri Liew Kee Sin will relinquish his posts on April 30 — a year earlier than the contractual date in March 2015.