KUALA LUMPUR: Glomac Bhd had acquired two parcels of land in Ijok, Selangor, totalling 27.8 acres, for RM9 million.

KUALA LUMPUR: The second phase of Eastern & Oriental Bhd’s (E&O) St Mary Residences, Tower A, achieved a take-up rate of 25% following its launch on Oct 1, said the company. E&O also said that there was a substantial number potential buyers registering interest in the second phase of the project, and who are expected to place their bookings soon.

KUALA LUMPUR: Construction group, Bina Puri Holdings Bhd has accepted the letter of award from Mayland View Sdn Bhd on Sept 25 for the construction and completion of one block of 38-storey serviced apartments with two-basement car park areas and four units of TNB substations at Jalan Kuching, Kuala Lumpur for RM185 million.

KUALA LUMPUR: Singapore's CapitaLand Ltd plans to spin off its unit, CapitaLand Retail Ltd and list it on the Singapore Exchange, and the proceeds to be raised from corporate exercise is S$1.57 billion (RM3.85 billion).

KUALA LUMPUR: The time is now ripe to get a new developer to complete the Plaza Rakyat project, said DTZ Malaysia executive director Brian Koh.

Koh said the abandoned project has been an eyesore in the heart of Kuala Lumpur for more than a decade.

A condo project in TTDI, Kuala Lumpur, abandoned for more than 10 years, has recently been revived. Renamed Mas Kiara Residences, it comprises two 16-storey towers offering 242 units and four penthouse suites.

The Edge Communications Sdn Bhd, publisher of The Edge and The Edge Financial Daily, launched its property portal, www.theedgeproperty.com, at the Sime Darby Convention Centre on Sept 28.

We want to communicate the value of architecture to the public and the government. Architecture is about more than just buildings; we are working towards creating a local built environment that is world class, benefits society, is responsible to its surroundings and is aesthetically appealing.

Visitors to Putrajaya, Malaysia’s federal government administrative capital, are often overawed by the host of impressive government ministry buildings dotting the city’s precincts.

Retail rents dive in glamour streets Rents have plunged along the world’s priciest shopping streets, reports Bloomberg. Manhattan’s Fifth Avenue is still the most expensive retail address, although rents dropped 8.1% in the year ended June to US$1,700 (RM5,894) psf. Rents in Hong Kong’s Causeway Bay slid 15% to US$1,525.