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City & Country: Horizon banks on its track record

IT IS common knowledge that Malaysians love to shop. That’s evident from the crowds that pack shopping malls in the Klang Valley every weekend, and pretty much every day at major shopping centres such as Mid Valley Megamall and Suria KLCC.

City & Country: Guidelines to improve REIT management

THE Asia Pacific Real Estate Association (APREA), which represents and promotes real estate investment trusts in Asia-Pacific, says REITs in the region will see an improvement in their operations and management if regulations are standardised.

City & Country: Developing Asia sees strong growth in land prices

THE prices of prime development land in the Southeast Asian capitals of Kuala Lumpur, Bangkok, Jakarta and Phnom Penh grew faster than those in the mature markets of Hong Kong, Singapore and Tokyo, according to the Knight Frank Prime Asia Development Land Index released last month.

Ecoworld 2Q net profits fall 61% to RM2.57m

KUALA LUMPUR: Ecoworld Development Group Bhd’s net profit for the second financial quarter ended March 31, 2014, fell 61% to RM2.57 million from RM6.67 million in the previous corresponding quarter.

Revenue fell to RM26.85 million from RM33.54 million a year ago.

IJM Land ends JVs with Talam

KUALA LUMPUR: IJM Land Bhd unit IJM Properties Sdn Bhd has terminated three joint venture (JV) agreements, two of which were inked with Talam Transform Bhd in 2006 and 2007, saying the deals could not realise their “commercial objectives”.

London property buyers urged to be price savvy

KUALA LUMPUR: Malaysian property investors were urged at the recent Saffron London Property Seminar to be aware of the actual price of properties in London so as to not have problems when exiting in future.Saffron chief executive officer (CEO) and London property expert Monty Nawaz spoke at the two-day seminar held at the Saffron Kuala Lumpur headquarters in Bangsar.“Buyers need to be aware of

Splash Park serviced suites to encourage investments in PD

KUALA LUMPUR: Palm Spring Development Sdn Bhd (PSD), a subsidiary of Tanco Holdings Bhd (Tanco), is looking to promote investment in Port Dickson by offering purchasers assured rental returns for its upcoming serviced suites.“Splash Park serviced suites offer an attractive investment opportunity in assured rental returns of up to 7% per annum for nine years,” said Datuk Seri Utama Mohammad Hasa