KUALA LUMPUR: Within two days of its soft launch on Aug 7, Phase 2 of Greenhill Residences saw six of its 20 premier twin villas snapped up, said developer Greenhill Development Sdn Bhd director Tan Hong Lai.

This represents a 30% take-up rate, he told theedgeproperty.com on Thursday, August 12.

KUALA LUMPUR: Gadang Holdings Bhd plans to launch RM110 million worth of property projects over the next year in Kuala Lumpur and Johor.

A company official said on Thursday, Aug 12 Gadang was also looking to expand its plantations in Sabah via joint ventures with the landowners.  Currently, it has plantations in Ranau, Sabah.

KUALA LUMPUR: Sime Darby Sunrise Development Sdn Bhd (SDSD) has shortlisted architectural companies to send in their designs for its RM1 billion mixed development project in Bukit Jelutong, Shah Alam.

HONG KONG: The big are getting bigger.

Just seven years ago, Sun Hung Kai Properties (SHKP) and Cheung Kong (Holdings) accounted for just over a third of the new private homes put up for sale.

HONG KONG: Major property markets in Asia are likely to face a slower second half because of policy risks and an expected increase in housing and office supply, after some developers had a positive first six months.

KUALA LUMPUR: Kumpulan Hartanah Selangor Berhad (KHSB) on Wednesday, Aug 11, aims to acquire 38,850 sq m of land in Section 14, Petaling Jaya from Majlis Agama Islam Selangor (MAIS) for a total cash consideration of RM61.7 million

KUALA LUMPUR: Bina Puri Mining Ventures Sdn Bhd, a subsidiary of construction and property developer Bina Puri Holdings Bhd, has acquired a new subsidiary for a total cash consideration of 2.281 billion rupiah (RM807,600).

KUALA LUMPUR: Malaysia’s largest property developer by sales volume, SP Setia Bhd, has once again recorded strong sales for its Bandar Setia Alam township in Shah Alam.

KUALA LUMPUR: China’s home prices will see mild corrections in 2H2010 for key cities such as Shanghai, Beijing, Guangzhou and Shenzhen, according to a Knight Frank China’s latest research report released on Aug 10.

KUALA LUMPUR: Developers should be given incentives to build low-cost houses in the upcoming Budget 2011 to cater to the demand.

In making the call, Hua Yang Bhd's chief operating officer Ho Wen Yan said the matter should be looked into seriously to encourage more developers to build more affordable homes.