KUALA LUMPUR: Bolstered by the demand for commercial and residential real estate in Central and West End London, the UK capital’s real estate market is expected to continue to perform well in 2014, said the country’s property experts.According to Dr Megan Walters, head of research for Asia-Pacific capital markets at Jones Lang LaSalle, both commercial and residential sectors remain popular.Walt

BANGKOK: Office rents are expected to continue to grow, albeit at a slower rate as office buildings that command a premium rent are almost full, according to CB Richard Ellis (CBRE) Research Thailand’s latest MarketView report.High occupancy and limited new office supply mean that rentals will not fall even with weaker demands due to political uncertainty, said CBRE.In the fourth quarter of 201

PETALING JAYA: DA Land Sdn Bhd has appointed Australian-based Sanderson Group Private Ltd to design, build and manage the operations of DA Land’s theme park in The TWO in Rawang.The RM5 billion The TWO is designed to be a three-in-one development comprising a theme park resort, wholesale city and outlet mall.

KUALA LUMPUR: Genuine demand will lead the property market this year as the market is expected to cool down and stabilise with prices finding a more realistic level, according to property consultant C H William Talhar & Wong Sdn Bhd (WTW).The volume of transactions will continue to fall on the back of reduced speculation, with prices expected to see moderate growth this year, said managing

KUALA LUMPUR: Pavilion Real Estate Investment Trust (Pavilion REIT) believes its rental reversion rates, an increase in rental rates to reflect prevailing market conditions, will still be strong despite challenging times ahead due to rising costs.

KUALA LUMPUR: S P Setia Bhd has set a lower sales target of RM5 billion for the financial year ending Oct 31 (FY14), much lower than the RM8.2 billion recorded in FY13. However, the group’s strong unbilled sales of RM9.64 billion are expected to cushion the lower sales figure.

KUALA LUMPUR: Benalec Holdings Bhd struck two land sale deals in less than two weeks.

The land reclamation firm announced yesterday it has entered into a conditional sale and purchase agreement to sell 22 parcels of land, measuring 128.52 acres (52ha), in Melaka to Ultra Harmony Development Sdn Bhd (UHDSB) for RM235.1 million cash.

KUALA LUMPUR: Persistent high house prices continue to be an area which requires attention due to its effect on household indebtedness and the exposure of financial institutions to the property market.

KUALA LUMPUR: Glomac Bhd’s net profit for the third quarter ended Jan 31 of financial year 2014 (3QFY14) dropped 10.5% to RM22.71 million from RM25.36 million in the previous corresponding quarter. However, revenue rose 15% to RM183.72 million.

KUALA LUMPUR: MRT Corp Sdn Bhd, developer and owner of the mass rapid transit (MRT) project, said the cost to build the pedestrian walkway tunnel at the KL Sentral MRT station is estimated at RM340 million.

“However, the actual cost will be determined by tender, which is now on hold,” the company said in a statement yesterday.