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1120 Park Avenue receives encouraging response

KUALA LUMPUR: Peter’s Holdings, the developer of condominium project 1120 Park Avenue along Old Klang Road in Kuala Lumpur is offering an Easy Zero Payment Campaign (EZPC) scheme to its purchasers. It is believed to be the first such package done for the medium-cost property sector.

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City & Country: Cameron Highlands GROWING

Cameron Highlands remains a favourite holiday destination for many reasons. Some of us love the quick getaway from the city and the cool weather, while others go there for the fresh flowers and vegetables.

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City & Country: ‘Property market stable’

The year 2010 is the Year of the Metal Tiger. It is called the ©°±G year where the character ©° (geng) is the heavenly stem of yang metal. The Chinese character of ±G (yin) is the earthly branch of yang wood. When these two characters are combined, the end-result is Metal Tiger.

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City & Country: Investing in real estate this year

Although it was not spared the global credit crunch, the Malaysian property market has been resilient and we see further growth.The “stem” of the year 2010 is “geng” (yang metal ©°) while the root is “yin” (yang wood ±G). When the stem and root are put together, the sound consonance is wood. East represents wood and west metal; metal contrasts with wood.

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Property: ‘Confidence remains shaky despite recovery’

Tanjung Tokong, Tanjung Bungah, Batu Ferringhi, Pulau Tikus and Teluk Kumbar — these will remain Penang’s hot property spots this year, says Raine & Horne International Zaki + Partners director Michael Geh when presenting The Edge/Raine & Horne International Zaki + Partners Penang Housing Property Monitor for 4Q2009.

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Y&G Corp returns to the black in FY2009

KUALA LUMPUR: Main board-listed property company, Y&G Corp Bhd returned to profitability in its financial year ending Dec 31, 2009, recording profits after tax of RM735,000 from a loss of RM3.27 million in its previous financial year.

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Naim Holdings incorporates new subsidiary in Fiji

KUALA LUMPUR: Main board-listed property counter Naim Holdings Bhd on Feb 12 said its wholly-owned subsidiary, Naim Overseas Sdn Bhd (NOSB) acquired 999,999 ordinary shares of F$1 (RM1.75) each representing 99.9999% of the issued share capital of Naim Quarry (Fiji) Ltd formerly known as Naim Cendera Quarry Ltd, a company incorporated under the Companies Act of Fiji for a cash consideration of F

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UK minister says losing home ‘best thing’ for some

LONDON: British Housing Minister John Healey came under fire on Feb 11 for saying it was the “best thing” for some hard-pressed families to have their homes seized by banks.

"In some cases, it is the best thing for the people who are struggling with those mortgages," Healey told BBC radio.

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