KUALA LUMPUR: The Government is considering raising the minimum floor prices of houses foreigners are allowed to buy to RM1mil from the current RM500,000 in an effort to control the rise in property prices, sources said. They said such a decision was “in the pipeline” and the implementation would be made by the economic planning unit (EPU) under the Prime Minister’s Department currently headed by Minister Tan Sri Nor Mohamed Yakcop.

Cyberjaya will see its first mall opening in 2013 courtesy of D’Pulze Ventures Sdn Bhd as part of its D’Pulze Cyberjaya development – the first fully integrated demand-driven mall. There are about 40 multinational corporations in Cyberjaya and 500 multimedia super corridor status companies. The area was in need of residential components, a retail centre and hotel accommodations.