At a Glance

HONG KONG: The city's monetary authority has told banks to further tighten lending to buyers of luxury homes and investment properties on concern surging prices are getting out of hand.

MacVisit – UEM Land Hldgs
Synonymous with IDR

· We recently met with UEM Land, which is synonymous with the Iskandar Development Region (IDR) in Johor. More accurately, it is the master developer of Nusajaya, the flagship zone of IDR, with 23,875 acres of landbank.

TOKYO: Mapletree Investments, a real estate firm wholly owned by Singapore state investor Temasek Holdings, said it plans to launch an around ¥80 billion (RM2.97 billion) Japan property fund this year in a bid to expand in the country's property sector ahead of its rivals.

Jalan Ampang in Kuala Lumpur boasts several landmark buildings housing medical and health-and-wellness related services, among them Gleneagles Hospital and the Ampang Puteri Specialist Hospital. That has given the Al–Hidayah Group, owner of a 4.88-acre commercial tract on the thoroughfare a brainwave — to complement the health-related facilities found within 3km of the plot.

The values of landed properties in the Klang Valley will continue to grow strongly while those of high-rises will remain steady, says Allan Soo, managing director of CB Richard Ellis (Malaysia).

Bukit Jelutong in Shah Alam will soon have a world-class development. Five award-winning international architectural firms have answered the call for design proposals for a 21-acre mixed development jointly undertaken by Sime Darby Bhd and Sunrise Bhd.The project is part of the 180-acre Bukit Jelutong Commercial Centre.

Berjaya Land recently launched its latest commercial project, a 46-storey green office tower in Kuala Lumpur's Golden Triangle.

Bluwater Estate, a 247-acre green township development by Bluwater Development Bhd, is gradually taking shape in Seri Kembangan, Kuala Lumpur.