Subang Central 1’s commercial component sees 90% take-up
KUALA LUMPUR: The commercial component of the mixed Subang Central 1 development in Subang, Selangor, has achieved a 90% take-up rate, according to developer Gaya Irama Development Sdn Bhd.
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Pharma companies to undertake more M&As, innovate building use to cut costs, says CB Richard Ellis
KUALA LUMPUR: More merger and acquisition (M&A) activities by several major pharmaceutical companies are anticipated following a slew of property asset consolidation and cost-cutting measures, according to a commercial real estate services firm.
Battellino says Australian economic ‘upswing’ to last years
SYDNEY: Australia’s economy has entered a “new upswing” that will last for several years, helping the nation’s households fund mortgage costs, said Ric Battellino, deputy governor of the central bank.
Japan property shares fall after Anabuki bankruptcy
TOKYO: Japan property shares fell to a six- month low after developer Anabuki Construction Inc filed for bankruptcy with ¥140 billion (RM5.34 billion) in debt, the nation’s fifth-largest corporate failure this year.
It’s time to buy commercial property, Edinburgh strategists say
EDINBURGH: First it was corporate bonds, then stocks. Now it’s time to buy commercial real estate in the UK, according to strategists in Edinburgh advising on about £400 billion (RM2.24 billion) of assets.
Bank of America real-estate chief’s house sells at a discount
CHARLOTTE, North Carolina: Bank of America Corp, the biggest US home lender, sold a home for its top housing executive for 44% less than its initial asking price set 16 months ago, property records show.
US 3Q economic growth revised down, house prices up
WASHINGTON: The US economy grew more slowly than first thought in the third quarter, but a fifth month of gains in house prices in September and an improvement in consumer morale signalled the anaemic recovery was intact.
Poor economic recovery to dampen UK commercial property market growth, says economic consultancy
KUALA LUMPUR: The current economic recovery in the UK’s commercial property market may slow down in 2010, in tandem with the expected pace of economic growth, according to an economic consultancy.
MPAJ must apply to Works Ministry to make report public
KUALA LUMPUR: The Ampang Jaya Municipal Council (MPAJ) must seek the permission of the Works Ministry before making public the contents of the Bukit Antarabangsa landslide investigations report.
DXN Land buys vacant land from managing director
PETALING JAYA: DXN Land Sdn Bhd, a subsidiary of DXN Holding Bhd, has agreed to purchase three pieces of vacant freehold land from Lim Boon Yee, managing director of the holding company, for a total cash consideration RM706,090, according to Bursa Malaysia announcement on Nov 24.
The three plots add up to 1.09ha (2.6 acres) and are located in Mukim Arau, Perlis.
