News by Racheal Lee

Today, Desa ParkCity is a model of master-planned township development with a string of awards under its belt. It bagged another this year as one of the winners of The Edge Malaysia Property Development Excellence Award.

Setia Eco Park is the recipient of The Edge Malaysia Notable Property Achievement Award 2015, which recognises a project that showcases not only unique concepts and designs but also the commitment of its developer to translate them into reality.

In 2005, UOA Development bought the parcel, which was once known as Kampung Kerinchi, and turned it into a landmark that many now see as a location for the upper-middle to high-income groups.

While negative sentiment continues to loom over Iskandar Malaysia’s property sector, UEM Sunrise Bhd managing director and CEO Anwar Syahrin Abdul Ajib is clearly focused on ensuring that its projects there succeed.

High cost of IBS components, lack of standardisation, inadequate supply of skilled workers and accessibility to cheaper untrained foreign workers are the major reasons for low adoption of the building system in the private sector.

Sold for: RM2.98 million or RM799 psf; Concluded by: Freeman Woo Chee Meng of MIP Properties (012-656 7617); When: October, 2015

Team leader at MPG Property Solution swapped a five-figure income as a beautician to market projects.

Central Petaling Jaya’s Section 13 has been a hive of activity lately with mixed-use commercial developments.

“The Johor Bahru store will be ready in 2017, while the Penang one will be in 2018,” said Ikea Malaysia, Singapore and Thailand retail director Mike King yesterday.

Located diagonally opposite Sunway Velocity, the final parcel of the KLCV project is jointly developed by Warisan Tradisi Sdn Bhd, Brunsfield International Group and Dewan Bandaraya Kuala Lumpur.