KUALA LUMPUR: Sunway City (Ipoh) Sdn Bhd is expected to open the doors of its exclusive five-star Banjaran Hotsprings Retreat in Tambun, Perak by year-end, according to Sunway City Bhd senior general manager Ong Pang Yen.

KUALA LUMPUR: State-owned Iskandar Investment Bhd (IIB), the promoter and coordinator of the Iskandar Malaysia growth region in Johor, will call for bids for some RM2 billion worth of construction jobs within the enclave next year and rope in more local and foreign partners to undertake more initiatives.IIB president and CEO Arlida Ariff said the RM2 billion worth of jobs to be awarded in 2010

PETALING JAYA: Johor-based developer, Daiman Development Bhd, has no immediate plan to redevelop the property it recently acquired in Setapak, Kuala Lumpur and would keep it for recurring income.

KUALA LUMPUR: Development land values in the United Kingdom is around 20% down year-on-year (y-o-y) while urban sites are at almost 50% below peak levels despite a marginal increase in two quarters in a row, reported Knight Frank in its Residential Development Land Index, Q3 2009.

KUALA LUMPUR: The Genting group is teaming up with New York-listed Simon Property Group to venture into upscale outlet shopping in Malaysia under the Chelsea Premium Outlet Centres concept.Genting said on Wednesday, Sept 30 that its 54.7%-owned Genting Plantations Bhd's unit Azzon Ltd had signed a joint venture agreement with Simon's Chelsea Malaysia LLC to establish the centres.Under the JVA,

SYDNEY: Australian home-building approvals unexpectedly fell in August, a sign the effect of government stimulus measures may be waning.

PETALING JAYA: Not enough is being done by the government to promote the sale of Malaysian properties to foreign buyers, Glomac Bhd's Chief Executive Officer Datuk Fateh Iskandar Tan Sri Mohamed Mansor said.

He said among countries in the Asian region, Malaysia has the best rules and guidelines that favoured sale of properties to foreigners and yet take-up was declining.

SHAH ALAM: The Selangor State Executive Councillors (EXCO) has instructed the Gombak District Office (DO) to issue Form 8, or Notice of Reversion to forfeit the site of an illegal landfill in Kampung Sungai Kertas, Gombak from the site’s four owners.

KUALA LUMPUR: TFP Solutions Bhd has proposed to dispose of two units of 4-storey shopoffices in Bandar Puteri, Puchong. The company is listed on the ACE market on Bursa Malaysia.

KUALA LUMPUR: JAKS Resources Bhd saw its net profit for the third quarter ended July 31, 2009 (3QFY09) plunge 86.17% to RM214,000, from RM1.55 million the previous year, despite higher revenue. The dip was due to the weakened selling price for steel related products.