The rental market here is buoyed primarily by the student population of numerous educational institutions.

According to Tan Sri Abdul Samad Alias, a major shareholder of Profit Consortium Sdn Bhd — the developer of Plaza Rakyat — Guangdong Debao will acquire equity in Profit Consortium, but the stake is still being worked out.

Based on transactions analysed by theedgeproperty.com, the combined average price of condominiums and apartments in the area was RM209 psf in 3Q2014, up 0.7% y-o-y. 

Turner International, which is known for its role in the construction of the world’s tallest building — Burj Khalifa in Dubai, the United Arab Emirates — is eager to take on work in the education, healthcare and infrastructure sectors in Malaysia.

This follows Rehda’s proposal to the government to reintroduce the Developer Interest-Bearing Scheme (DIBS) for first-time house buyers.

A lot still needs to be done in terms of educating the general public on what green is and how it can benefit the environment and the people.

Shah Alam is the administrative capital of Selangor and was once better known as an industrial hub. Now the city has evolved into a self-contained metropolis.

There was an overall contraction of the Malaysian residential property market in the first half of this year (1Q2015) compared with 1Q2014, according to figures released by the National Property Information Centre (Napic).

Pavilion REIT’s lower 3QFY15 y-o-y earnings were mainly attributed to higher quit rent and assessment expenses (3QFY15: RM2.7 million versus 3QFY14: RM200,000) and utility costs (+28.7% y-o-y). This has nudged down 3QFY15’s net profit margin by 3.1 percentage points to 59.0%, as compared with 3Q14.

The retail segment continued to drive Sunway Real Estate Investment Trust (REIT)’s earnings growth, primarily from resilient performance of Sunway Pyramid shopping mall (+4.1%) and SunCity Ipoh (+0.0%) as well as improved performance of newly opened Sunway Putra Mall (+1,746.4%).