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Sale tender for MIM Management House closes

KUALA LUMPUR: The sale tender for MIM Management House, which is located beside The Royal Embassy of Thailand along Jalan Ampang in Kuala Lumpur closed on Jan 12.

The call for tender began early December, with CH Williams Talhar & Wong Sdn Bhd as the exclusive agent handling the sale. Results of the tender have not been announced.

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Manhattan office market showing signs of stability

NEW YORK: Manhattan office vacancy rate showed a decline of 11.1% at the end of December 2009, according to Cushman & Wakefield’s year-end data on the Manhattan commercial real estate market. This is the second consecutive monthly decline and an important sign of stability.

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US housing agency ups mortgage deposits for some

WASHINGTON: The US Federal Housing Administration said on Jan 19 it will raise the minimum down payment required to secure an FHA-backed mortgage for less creditworthy borrowers as part of a series of steps to shore up the agency's finances.

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Genting plans theme park, hotel in Iskandar

KUALA LUMPUR: Genting Bhd plans to build a theme park and hotel within the Iskandar region in Johor to complement the group’s Resorts World Sentosa attraction in Singapore, said its chairman Tan Sri Lim Kok Thay.

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