MQREIT has the rights of first refusal to Malaysian Resources Corp Bhd’s stable of investment properties, which may carry values of up to RM1.5 billion in aggregate.

Novum, formerly known as Resonance, will come up on a three-acre freehold parcel along the Federal Highway. It will comprise three towers of 37 to 41 storeys, featuring 729 condos with built-ups of 647 to 1,445 sq ft. These include dual-key units.

Based on theedgeproperty.com’s analysis of transactions, the average price and transaction volume of non-landed residences in Selayang, Selangor have been on diverging paths since mid-2013 with momentum picking up in recent years.

She has closed 60 to 70 deals every year since she joined the industry.

This former tin-mining area with Chinese new villages, may not attract the attention of property investors as much as its Kuala Lumpur namesake. But it could be an option for prospective homebuyers looking for affordable homes with ready amenities close to the city centre.
The area also has an authentic unkempt feel about it.

The news is not entirely a surprise to us as we had reduced our FY15 sales estimate earlier in August to RM1.31 billion. However, the amount of reduction is higher than expected as management is now targeting only RM1 billion of sales.

Following the hugely successful launch of its maiden project at La Trobe Street last year, which saw 95% of the available apartments sold within three weeks, its second project with a gross development value (GDV) of RM965 million is on track to be just as successful.

IGB REIT owns Mid Valley Megamall and The Gardens Mall, located just outside Kuala Lumpur city centre. The adjoining malls are prime shopping hotspots, with consistently near-full occupancy.

The proposed acquisitions will be funded via a combination of cash and new IOI Property Group shares at an issue price of RM2.21 per share.

Asia Green Group is planning a mixed-use high-rise development, QuayWest Residence, which will boast views of the 362ha island off the southeastern tip of Penang island.