News by Hannah Rafee

Urbanisation, climate change, ageing population main factors in setting sustainability goals.

Shah Alam is a nice place to live in but the non-landed residential property market here has yet to grab investors’ attention.

The fund, Malaysia’s first industrial development fund, is initiated by private equity firm, AREA Management Sdn Bhd.

Certified by Green Building Index (GBI), IOI City Towers are connected to the new Le-Meridien Putrajaya Hotel and IOI City Mall, overlooking the Palm Garden Golf Course.

The weaker ringgit may cause property prices to increase due to higher cost of building materials expected in the next three to six months. This may further weaken the already poor market sentiment.

The two-weekend exhibition has two parts: “Design +Renovate” from Oct 22 to 25, and “Furnish + Decorate” from Oct 29 to Nov 1.

The awards’ organising chairman and MIEA deputy president Eric Lim said this year the awards received a record 38 submissions for 19 categories, including seven new ones.

The demand for heritage sites and pre-war shophouses has remained steady throughout the years, especially since George Town was accorded the status of World Heritage Site in 2008.

Sub-sales of property, particularly in Klang Valley, have dropped by 20%, revealed director of Vivahomes Realty, Alvin Foo, at a briefing by theedgeproperty.com yesterday.

The review period saw the completion of Naza Tower (NLA: 506,000 sq ft), Crest Jalan Sultan Ismail (NLA: 190,000 sq ft) and Menara Centara (NLA: 166,000 sq ft), bringing the cumulative supply of office space in Kuala Lumpur City to about 49.82 million sq ft. There were no completions in KL Fringe, so its cumulative supply remained at 21.72 million sq ft.