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UM Land and Mah Sing sweep the 2014 MRPPA property awards

KUALA LUMPUR: Property developers United Malayan Land Bhd (UM Land) and Mah Sing Group Bhd took home five and three awards respectively at The Malaysian Reserve Property Press Awards (MRPPA) 2014 last Friday. The award was held to recognise exemplary players in the Malaysian property industry.

Sydney by Crown achieves 95% sales at launch

KUALA LUMPUR: Australian property developer Crown Group achieved total sales of A$173.1 million (RM501.6 million) or 95% of its 220-unit Sydney by Crown apartments during its same-day local and overseas sales launch on Nov 22.

The success of the launch reflects the growing demand for high-end properties in Sydney, said Crown Group chief executive officer Iwan Sunito.

Berkeley Homes introduces Waterfront I

KUALA LUMPUR: UK property developer Berkeley Homes has brought its Waterfront I development in London to Malaysia. Its marketing agent, Knight Frank Malaysia, has been showcasing the development on a private appointment basis starting Monday.

UK to cut unpopular property tax

LONDON: British Finance Minister George Osborne on Wednesday said he will cut a tax on nearly all property purchases, removing a long-standing grievance of homebuyers five months before an election.

RM1.8b Lai Meng school land project deferred

KUALA LUMPUR: Magna Prima Bhd is postponing its RM1.8 billion mixed development called Iconic Towers on the Lai Meng school land on Jalan Ampang here by a year to make way for two other upcoming projects, said its chief executive officer Datuk Rahadian Mahmud Mohammad Khalil.

Country Heights Damansara residents block high-rise project

KUALA LUMPUR (Dec 2): Residents of Country Heights Damansara here are attempting to dash a plan to build two blocks of 41-storey condominiums approved by the Kuala Lumpur City Hall (DBKL) - a decision they deemed to be “arbitrary, illegal and irrational.”

French embassy land in Jln Ampang up for sale

KUALA LUMPUR: The eight-acre (3.2ha) piece of land that belongs to the French embassy in Jalan Ampang here will be sold via an exclusive tender by CB Richard Ellis (CBRE) Malaysia next week, its associate director Nabeel Hussain told The Edge Financial Daily yesterday.