Property market cycles come and go, but with prolonged weakness, the current slowdown could point to a much larger economic issue.

From its trendy restaurants to its art and culture centres, Melbourne has long presented itself as one of the most desirable places to live and work. Unsurprisingly, Australian developer Salta Properties is banking on the city’s appeal for the success of its latest project, The Park House, not to mention the latter’s location.

Among the other pricey projects were Casa Residenza (RM510 psf) and Cova Villa (RM432 psf), which are located in Taman Sains Selangor.

This comes as a pleasant surprise given that the amount is not due till end-2017.

The property segment could see an improvement on the back of asset disposals.

Upon completion of the acquisition, Tham is effectively the single-largest shareholder of E&O, followed by Sime Darby with a 12% stake.

Penang-based developer Ideal Property Group plans to launch RM2.723 billion worth of condominium projects, with more than 3,600 units in total, on the island this year.

The most expensive project was I Residence, with an average price per unit at about RM605,000.

Recent confirmation of Datuk Khor Chap Jen as chief executive officer has removed the company’s leadership uncertainty.

Chan Sow Lin, an industrial area in Kuala Lumpur, has seen plenty of interest from developers in recent years. This is thanks to its close proximity to the upcoming Bandar Malaysia project as well as Dewan Bandaraya Kuala Lumpur’s plan to revitalise Chan Sow Lin and transform it into a neighbourhood of residential, commercial and industrial properties.