Demand boost from new projects nearby

The Lunar Year of the Wood Rabbit will bring good fortune to Johor Baru, Penang and Kuala Lumpur, according to feng shui readings by Joe Choo, president of the Malaysian Institute of Sciences (MINGS).

Relocating abroad, or upgrading to a bigger house? Or perhaps you’ve just received the keys to a newly completed property. At this juncture, you are faced with selling your property and making a capital gain, or renting it for continuous rental income.

LONDON: Central London office rents are expected to see strong growth over the next two years, driven by a lack of supply of quality space, according to Knight Frank which hosted its annual Central London office market breakfast at The Dorchester, London on Tuesday, Feb 1.

KUALA LUMPUR: The Securities Commission (SC) has publicly reprimanded valuer Noraini Jaafar Sidek and valuation firm Messrs Raine & Horne International Zaki + Partners Sdn Bhd (RHIZP) over a submission with did not comply with the regulator’s asset valuation guidelines.

KUALA TERENGGANU: The Terengganu government has asked the Drainage and Irrigation Department (DID) to conduct an in-depth study to find the best approach or system to overcome coastal erosion in the state.

CAIRNS (Australia): Police turned desperate people away from overcrowded shelters in northeastern Australia on Wednesday, Feb 2 as one the most powerful cyclones in the country's history bore down on a string of popular tourist cities lining the coast.

KUALA LUMPUR: Gema Padu Sdn Bhd — the developer of Kota Warisan in Sepang, Selangor — is targeting to launch a new development in the township with a gross development value of RM1.5 billion in the next four years.

The new development spanning 138 acres would be an "exciting" development consisting of both residential and commercial properties, said Gema Padu director Lee Kuan Yong.

NEW YORK: Jones Lang LaSalle Inc, one of the world's largest real estate services companies, said earnings rose nearly 62 percent, boosted by a rebound in commercial property sales and leasing, easily beating Wall Street's forecast.

TAWAU (Sabah): The residents of Kampung Titingan, whose houses were razed by fire on Jan 31 are not allowed to build new houses in the area. Sabah Assistant Finance Minister Datuk Tawfiq Abu Bakar Titingan said this was because the area was included in a development plan for Kampung Titingan.