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PETALING JAYA (Aug 23): Eupe Corp Bhd ’s serviced apartment project in Cheras, Kuala Lumpur called Parc 3 is slated for launch by mid-October. The 2.73- acre leasehold project in Taman Pudu Ulu will have 793 units housed within a 46-storey tower. The project has an estimated gross development value (GDV) of RM495 million. The units will have built-ups between 592 sq ft and 1,470 sq ft with indicative prices from RM393,000. Previously known as The Weave, the project was re-designed to cater to a wider range of property buyers . “The layouts for this project are very practical,” group managing director Datuk Beh Huck Lee told TheEdgeProperty .com. Head of marketing and design Michelle Gan Eileen added that Parc 3 offers different price points for units with similar layouts, so people can make their choice without having to forgo their layout preference. “For example, for a 2-bedroom and 2-bathroom layout, we offer two different built-ups at two different price points so buyers can ...

Ten years ago, companies would barely look twice at office space in this Sydney suburb. But today, Chippendale has undergone a reversal of fortune. With the redevelopment of old industrial sites bringing in new residents and businesses, and office workers following, it is now being billed as one of the hottest spots of the city fringe. “It’s probably even taken over from Surry Hills now as a desirable location,” says Miron Solomons, director of investment services at Colliers International. “The re-gentrification of the area following the development of Frasers’ Central Park has been huge, and it’s so close to the city and Central station with excellent infrastructure and UTS [the University of Technology Sydney] nearby. “In the last 12 months, it’s probably seen the most change of any of the suburbs close to Sydney’s CBD.” Over that period, the fringe became the fastest growing office market in the country, on Colliers’ figures, with net effective rents for A- grade space growing...