Private residential property prices grew at a slower rate of 2.7% in 4Q2010 compared with the 2.9% gained in the preceding quarter, according to Singapore’s Urban Redevelopment Authority in its Jan 28 release of property statistics. Nevertheless, the private residential market ended 2010 at a record high — a 17.6% rise in prices for the year.

Office rent in Singapore rose 4.7% in 4Q2010, slowing from the 6% achieved in the preceding quarter, according to Urban Redevelopment Authority statistics released on Jan 28. For the full year, office rent was up 12.6% when the Singapore economy grew at a record 14.7%.

KUALA LUMPUR/LONDON: London-based Thornsett Group is launching a new residential development, St David's Apartment, located in Islington, London and Malaysia is getting the first look at the property on Feb 18-20 at JW Marriot Hotel, Kuala Lumpur.

KUALA LUMPUR: Krisassets Holdings Bhd reported a net profit of RM80.1 million for the fourth quarter (4Q) of the financial year ended Dec 31, 2010 an increase of 61% from RM49.5 million reported the same quarter a year earlier due to the recognition of revaluation surplus on investment property.

KUALA LUMPUR: The Kampung Baru Development Association(PPKB) on Friday, Feb 11 expressed its unhappiness that the Masjid Jamek Kampung Baru, here is being made as the starting point and transformation icon for the area.

KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (ARREIT) reported a net profit of RM10.1 million for the fourth quarter (4Q) for financial year ended Dec 31, 2010 an increase of 23% from RM8.1 million reported in the same quarter a year ago.

KUALA LUMPUR: Beleaguered Ho Hup Construction Company Bhd aims to complete its restructuring exercise by the third quarter (3Q), according to its board.

This is notwithstanding the outcome of its dispute with Malton Bhd concerning the joint development agreement (JDA) of a 60-acre (24 hectares) plot in Bukit Jalil, which is Ho Hup's crown jewel.

KUALA LUMPUR: Magna Prima Bhd has launched the first phase of its RM470 million commercial development along Jalan Kuching here. Pusat Komersil Jalan Kuching, also known as Boulevard Business Park @ Jalan Kuching, consists of shopoffices, serviced apartments and a mall to be developed over three phases.

KUALA LUMPUR: Penang has not been left out of the Economic Transformation Programme (ETP), contrary to claims by certain quarters, that the island-state was not being offered any project or development under it.

KUALA LUMPUR: Construction jobs worth billions of ringgit are expected to be dished out, closer to the 10th Sarawak state elections, slated to be held this year, according to OSK Research.

In a research note on Friday, Feb 11, OSK Research believed that most of these jobs would focus on basic infrastructure in the rural areas to ensure continued political support.