LONDON: The new owners of London's 10 Trinity Square — KOP Properties, the real estate investment and management arm of Singapore-based KOP Group, and Reignwood Group, who together recently acquired the building — have unveiled the redevelopment plans for the historic landmark building.

HONG KONG: Hong Kong auctioned a residential parcel of land on Hong Kong Island's Mid-Levels for HK$4.49 billion (RM1.73 billion), a price that was in the middle of a range of market forecasts.

KUALA LUMPUR: Property developer UOA Development Bhd, which intends to raise RM1.2 billion from its initial public offering (IPO), is offering 407 million shares, or a third of its enlarged issued capital base.

KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) posted a lower pre-tax profit of RM9.94 million, for the first
quarter ended March 31, 2011, from RM10.04 million recorded in the same quarter last year.

KUALA LUMPUR: Moevenpick Hotels & Resorts is undertaking management of the 39-Residence The Palm Beach Club and rebranding it Moevenpick Residences Laguna Beach Phuket with immediate effect.

The property will ideally complement the Moevenpick Resort & Spa Karon Beach Phuket, the first property the company opened in Thailand in 2006.

KUALA LUMPUR: Nu Sentral Sdn Bhd has established up to RM600 million Islamic Medium-Term Notes Programme (IMTN Programme).

KUALA LUMPUR: Hua Yang Bhd has acquired 1.55-acres of land within the Desa Pandan Commercial Centre in Kuala Lumpur city centre for RM32 million, just minutes from the proposed Kuala Lumpur International Financial District and Jalan Tun Razak.

According to a statement by the developer on Wednesday, May 11, the leasehold tract is just opposite the Royal Selangor Golf Club.

JOHOR BAHRU: Iskandar Malaysia is expected to attract millions of local and foreign visitors when its much-anticipated Johor Premium Outlets (JPO) and Legoland Malaysia open for business.

Iskandar Regional Development Authority chief executive, Ismail Ibrahim, said the RM149 million JPO was expected to open by year-end and Legoland Malaysia next year.

IPOH: The Perak branch of the Malaysian Malay Contractors Association (PKMM) on Wednesday, May 11 alleged that "big contractors" are having control over tender awards by the Ipoh City Council.

PETALING JAYA: "I'm satisfied with the services provided, especially at just RM20 a month.  

"If I make a complaint, they come and investigate within 48 hours. The longest they will take to finish the repair work is two weeks," says Kaza Harun, a resident at Block B of the Selangor Development Corporation (PKNS) Flats in Petaling Jaya.