Naza brothers exit from Jetson

KUALA LUMPUR: The Naza brothers — SM Nasarudin SM Nasimuddin and SM Faliq SM Nasimuddin — have both resigned from the board of Kumpulan Jetson Bhd, according to the construction company's filing on Bursa Malaysia on Monday, Dec 13.

BKP wins ethics award for third time in a row

KUALA LUMPUR: Property developer Bukit Kiara Properties Sdn Bhd (BKP) won the highest recognition award in conjunction with the third Malaysian Business Ethics Excellence Award 2010/2011.

Held on Dec 9, the achievement makes BKP as the country's first and only property development company to win the award thrice in a row. It won the inaugural award in 2006, and subsequently in 2008.

Mutiara's maiden project in Kajang off to a good start

KUALA LUMPUR: Mutiara Goodyear Development Bhd's maiden project in Kajang Nadayu 92 Kajang has achieved 100% take-up on the first day of its launch.

Phase 1 of the 68.6-acre development, comprising 119 units of terrace houses was launched on Saturday, Dec 11.

UK property prices could drop 5% in 2011

LONDON: Asking prices for homes in England and Wales have fallen 3.0% over the past month to stand just 0.4% higher than a year ago, due to economic uncertainty and low mortgage approvals, property website Rightmove said on Monday, Dec 13.

City&Country: Trinity designs for flexibility

The New Economic Model and the Economic Transformation Plan are designed to attract investment, both local and foreign, and turn Malaysia into a business destination of choice.

City&Country: AP Land sees potential in Japanese ski resort

The snow-covered slopes of Japan’s Niseko region on the island of Hokkaido are a mecca for skiers. They are also where property developer AP Land Bhd sees investment potential for its latest development — a high-end ski resort-cum-home complex called Shiki Niseko.

City&Country: 3DReid expands presence with global collaborations

3DReid is one of the UK’s largest architectural firms, born of a merger between 3D Architects and REID Architecture. Its completed projects include the commercial flight Farnborough Airport in the UK; the 254,028.28 sq ft Vanwall Business Park in Maidenhead, UK; and 79-84 High Street in Birmingham, a 3-storey retail landmark that has 43,000 sq ft of net lettable area.

World Cup 2022 to spark construction frenzy in Qatar

DUBAI: Qatar is set for a construction boom worth an estimated US$60 billion (RM188.4 billion) in the wake of its successful bid for the FIFA World Cup 2022.

According to this week's issue of the Middle East Economic Digest (MEED), the projects would involve new stadiums, hotels, highways and a rail network among others.