Hua Yang's HQ at Selayang, Selangor

BEIJING: A report that China will not introduce a property tax during the next three years was incorrect, a senior government researcher said on Monday, May 24.

Chinese property shares soared 5% after a weekend report that Beijing would delay implementing a housing tax for at least three years, a tightening measure that analysts say would go a long way toward cooling the market.

Old Klang Road or Jalan Kelang Lama is one of the oldest thoroughfares in Kuala Lumpur. Completed by the government of the British Federated Malay States a century ago, the 11.2km road used to be the only trunk road linking Kuala Lumpur to Port Klang.Until a few years ago, traffic jams and flash floods were synonymous with Old Klang Road.

It is just a matter of time before the estimated 400-acre Sungai Besi Royal Malaysian Air Force (RMAF) base in Kuala Lumpur (picture) is redeveloped, considering its substantial size and strategic location that’s only a 15-minute drive from the KLCC area.

The last time City & Country met up with S M Faliq S M Nasimuddin, it was six months after he had taken on his post as managing director of Naza TTDI Sdn Bhd, when the global financial crisis was at its peak. There have been some interesting developments at Naza TTDI since our last meeting.

The Klang Valley landed-housing market may be hot but we are not in a property boom, says Allan Soo of CB Richard Ellis (Malaysia).“A property boom is characterised by people going mad about prices and rushing to buy, but we don’t see this happening in Malaysia,” he said when presenting The Edge/CBRE Klang Valley Housing Property Monitor for 1Q2010.

Mr Ng, a 47-year-old Singaporean, felt that his three daughters, aged 16 to 20, needed more space than they had at their four-bedroom apartment at Grange Residences at the corner of Tanglin Road and Grange Road. The 164-unit luxury condominium development features four-bedroom apartments that measure 2,583 to 2,852 sq ft.

The Chinese real estate investors are in town and they are buying, buying big.

Sunway Giza, the latest retail icon within Petaling Jaya’s Kota Damansara township, is creating a new buzz in the area.

'Second generation property king'