PROPERTY : Master Developers Continue To Reap

Property developers continued to shine in 1Q10 results. Results for most property developers came within expectations. Evidence of a recovering market led to several leading developers beating initial sales targets (eg: SP Setia and Mah Sing).

HONG KONG: Hundreds of potential buyers queued overnight to invest in the first residential development launched since tighter measures on marketing tactics were introduced - a sign people are more confident of a fairer sale.

KUALA LUMPUR: When Datuk Seri Najib Tun Abdul Razak announced that residents of Chinese new villages will be given assistance under the 10th Malaysia Plan, many thought it would be in the form of infrastructure development.

SHANGHAI: A new home pricing benchmark has been set in the exclusive Kuala Lumpur enclave of Mont'Kiara: the fourth and final block of Bukit Kiara Properties' Verve Suites, which is being snapped up at prices of up to RM1,580 psf.

KUALA LUMPUR: Over a year after the launch of Green Building Index (GBI), one of the key challenges of adopting green technology remains the cost of construction, said Boon Che Wee, president of Malaysian Institute of Architects (PAM).

KUALA LUMPUR: The Ministry of Education has approved the relocation of Lai Meng School and Kindergarten from Jalan Ampang to Bukit Jalil, Magna Prima Bhd announced on Bursa Malaysia on Thursday, July 1.

KUALA LUMPUR: The International Real Estate Federation (FIABCI) Malaysian Chapter will be organising its eighth Smart Investment in Property Seminar themed “Malaysia Properties: Bubble or Boom?” on July 24 at Sime Darby Convention Centre in Kuala Lumpur.

KUALA LUMPUR: The impact of previously announced tightening policies in China are beginning to emerge with the residential transaction volume falling sharply in June as prices began to ease.

According to a statement by Colliers International on June 30, land prices in some districts remained firm although the land sales market was not active.

PETALING JAYA: The hold back in the primary sales market in Hong Kong will result in an overall slowdown in residential sales volume in the short run, according to Colliers International (Hong Kong) Ltd's latest residential snapshot report.