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Property crisis means Chinese cities sell land to themselves

Property crisis means Chinese cities sell land to themselves

On the surface, the recent land auction by the Chinese city of Rizhao appeared routine. There were four bids, pushing the price up 11 per cent to US$170 million. A closer look reveals something curious: The offers were reportedly made by a finance entity owned by the Rizhao government, meaning the city effectively sold land...

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CapitaLand is diversifying its business beyond retail and into industrial, logistics, and data centres

CapitaLand is diversifying its business beyond retail and into industrial, logistics, and data centres

CapitaLand Malaysia REIT Management Sdn Bhd intends to lessen its reliance on the retail segment by diversifying into industrial real estate, logistics, and data centres over the next year. Chief executive officer Tan Choon Siang said these segments would be its primary focus because they could be potential new assets for the company. According to...

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MCT has received favourable take-up for Alira, its residential project in the Metropark township

MCT has received favourable take-up for Alira, its residential project in the Metropark township

Homebuyers have responded positively to Alira, a 5.6-acre resort-living residential project located within the 88-acre Metropark township in Subang Jaya, Selangor. According to MCT Berhad’s chief executive officer, Teh Heng Chong, the developer opened the initial registration of interest for the project last year and has received an overwhelming response from buyers. Teh said that...

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Apartment prices in Tokyo exceed bubble-era high to hit record

Apartment prices in Tokyo exceed bubble-era high to hit record

The price of new apartments in Tokyo toppled a 30-year-old record in 2021 as rising demand from dual-income households and increasing construction costs boosted the Japanese capital’s once-moribund housing market. The mean price of new condos in the Japanese capital and surrounding areas hit 62.6 million yen (US$550,000) last year, topping the 61.2 million yen...

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i-City and China Mobile to build the country’s first smart green corporate tower

i-City and China Mobile to build the country’s first smart green corporate tower

i-City Properties (i-City) will collaborate with China Mobile International (CMIM) to construct the country’s first smart green corporate tower in i-City, Malaysia No. 1 technology city. According to Monica Ong, director of i-City, the corporate tower will be outfitted with 5G internet-enabled cameras and sensors to monitor the environment, energy consumption, and human traffic flow...

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The rate hike by the US Federal Reserve is unlikely to have a negative impact on the local property market

The rate hike by the US Federal Reserve is unlikely to have a negative impact on the local property market

The decision by the United States Federal Reserve (US Fed) to raise interest rates poses a potential threat to economic growth in emerging market economies; however, despite these challenges, Malaysia is well-positioned for economic growth and an improving real estate market, according to a new Juwai IQI analysis. Kashif Ansari, co-founder and group chief executive...

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TSLAW Land Recorded 90 Percent Take Up For Skyline KL

TSLAW Land Recorded 90 Percent Take Up For Skyline KL

The company has officially opened its Sales Gallery, located at Level 1, Wisma IAV, to the public recently. TSLAW Land Executive Director Law Wai Cheong said, “The response for Skyline KL has been overwhelming. We are grateful for the support and positive feedback garnered from the market. Look around in our gallery, we are absolutely...

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JKG Land unveiled Phase 2 of The Era @ Duta North

JKG Land unveiled Phase 2 of The Era @ Duta North

PETALING JAYA (Jan 25): JKG Land Berhad has unveiled NOON, the second phase of its The Era @ Duta North serviced apartments in Segambut, Selangor. Launched on Friday (Jan 21), NOON consists of 965 units of serviced apartments with a built-up measuring 645 sq ft and 1,334 sq ft. With a gross development value (GDV)...

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Industrial Sectors To Benefit From New Trade Opportunities

Industrial Sectors To Benefit From New Trade Opportunities

KUALA LUMPUR: The Regional Comprehensive Economic Partnership (RCEP) Agreement, a free trade agreement among 15 Asia-Pacific nations, is anticipated to stimulate growth and investments across the region to unlock bigger opportunities for businesses and countries alike. The agreement, which came into force on Jan 1 this year, will augur well for the industrial sector as...

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