Building on the Hua Yang Legacy

The word spa immediately conjures up visions of luxury and relaxation, and one may have noticed some recent developments incorporating some spa elements in homes.

As expected, there was no lack of interest in the five commercial buildings put up for sale by tender by real estate investment trust (REIT) Amanah Harta Tanah PNB2 (AHP2), which is managed by Pelaburan Hartanah Nasional Bhd.

Third-quarter Manhattan market reports recently released by the city’s top brokerage firms showed a slowing rate of price decline while the transaction volume increased. The question everyone is asking is when Manhattan would hit bottom.

The secondary luxury housing market in Sydney, one of Malaysians’ favourite overseas property investment destinations, is showing signs of recovery with rising demand and improving consumer confidence, according to Australia-based real estate experts.

KUALA LUMPUR: Ireka Corp is buying about one-acre of prime land on Jalan Kia Peng, where the Top Hat Restaurant once sat, from members of the Kuok family for RM87 million, or about RM2,000 psf.

Vendors of the land are Kuok Chiu Hoon Selina, Kim Kuok Strickland (formerly known as Kuok King Hoon Kim) and Farah Azman, all related to Tan Sri Robert Kuok, Malaysia’s richest man.

KUALA LUMPUR: Sunrise Bhd’s completed development 10 Mont’Kiara (MK10) has started the hand over process since early December 2009. A media tour of the premises on Dec 11 showcased very green spaces with a myriad of plants.

KUALA LUMPUR: Day 2 at Cityscape India 2009 saw the release of two reports from Colliers, the “Investment Perception Survey” and the “Education -- Emerging Non Conventional Real Estate”.

PETALING JAYA: Seri Kembangan has been regarded as an under-developed area in the past.  In recent years however, it is emerging as a property hot spot, according to some property consultants. Together with nearby Puchong and Cyberjaya, the area is rapidly evolving into what is touted to be a new Golden Triangle in the Southern Corridor of the Klang Valley.

KUALA LUMPUR: Magna Prima Bhd on Dec 10 entered into a sale and purchase agreement with Santari Sdn Bhd for the acquisition of a 5.5-acre freehold tract in Bukit Jalil for RM10.7 million. The property is currently vacant and will be developed for the relocation of the existing Lai Meng Primary School and Lai Meng Kindergarten, currently located along Jalan Ampang in Kuala Lumpur.