KUALA LUMPUR: Recovery for the Malaysian retail sector has been observed in 4Q 2009 but political risk and oversupply of retail space could dampen investor sentiment.

PENANG: The Penang government has selected Sim Leisure Consultants Sdn Bhd to run the RM120 million eco-friendly "Ecofun Theme Park Resort" project in Teluk Bahang.

KUALA LUMPUR: Industrial development projects in Malaysia are moving towards a more corporate image, from the previous "workshop" image.

Anthony Chua, executive director of KGV-Lambert Smith Hampton (M) Sdn Bhd said industrial developments now have new features such as the gated & guarded concept, wider roads, underground cabling & covered drainage, facade-glass and lifts.

KUALA LUMPUR: Sime Darby Property Bhd and Sunrise Bhd have formed a partnership through a 50:50 joint-venture (JV) company named Sime Darby Sunrise Development Sdn Bhd. The JV company will develop three lots of freehold commercial land measuring 20.95 acres in the 180-acre Bukit Jelutong.

KUALA LUMPUR: The Malaysian property market registered transactions worth an estimated RM75.42 billion last year and the market is expected to improve further in 2010 in line with the country's economic recovery.

KUALA LUMPUR: Sime Darby Property Bhd and Sunrise Bhd have formed a partnership through a 50:50 joint-venture (JV) company named Baywood Avenue Sdn Bhd which will eventually be known as Sime Darby Sunrise Development Sdn Bhd.

KUALA LUMPUR: MRCB Land’s KL Sentral Park commercial development project has been awarded Singapore’s Building and Construction Authority’s (BCA) Green Mark highest rating, the Platinum Award (Provisional).

WASHINGTON: Sales of previously owned US homes suffered a record drop last month as the boost from a popular tax credit waned, raising doubts the housing market recovery can be sustained without government support, according to Reuters.

KUALA LUMPUR: YTL Corporation Bhd has set up a sub-subsidiary in China known as Shanghai YTL Hotels Management Co Ltd.

KUALA LUMPUR: YNH Construction Sdn Bhd (YNHC), a wholly-owned subsidiary of YNH Property Bhd, has been served with a writ of summons and statement of claim by the Inland Revenue Board (IRB) for back taxes for the year of assessment 1999 amounting to RM998,678.38.