News by RACHEL CHEW

Master Builders Association Malaysia secretary-general Dennis Tan believes urbanisation is a norm in any city and if done in a proper way, it is meant to build a competitive, clean, safe and happy city.

房产经纪表示，隆市房价走缓，已经吸引外国买家注意，趁低买入，不过，本地买家仍谨慎观望。

TRX City has announced that the share sale agreement with Iskandar Waterfront Holdings and China Railway Engineering Corp regarding the sale of 60% of the issued and paid-up capital of Bandar Malaysia has lapsed.

The Iskandar Regional Development Authority is in the final stages of discussions on the Johor-Singapore Rapid Transit System.

The low-density project offers 258 units and 23 retail lots. The built-up sizes for the serviced apartment units range from 916 sq ft to 1,537 sq ft with prices from RM450,000.

Community living can present challenges and developers have to take note of them when they develop a project, says Syed Mohamed.

O&C Resources Bhd (OCR) has unveiled luxury serviced residence Isola @ KLCC with the opening of the project sales gallery and show unit last weekend.

Perbadanan Kemajuan Negeri Selangor (PKNS) will be launching its third project of the year, Bayu Malawati in Kuala Selangor, this weekend (April 22 and 23).

The number of properties launched in the second half of 2016 (2H2016) almost doubled from 1H2016. Sales in the second half also improved by more than 100% from 1H2016, according to a survey among members of the Real Estate and Housing Developers’ Association Malaysia (Rehda).

Speaking during a media briefing on Rehda’s Property Industry Survey 2H2016 and Market Outlook 1H2017, president Datuk Seri FD Iskandar Mohamed Mansor said measures taken by the government to reduce household debt have seen some results as the latest rate was down from 89.3% to 87.6%.