LANGKAWI: Archipelago Hotels and Resorts Sdn Bhd (AHRSB), a new niche player in the high-end luxury hotel and resorts market, has been appointed to manage the iconic luxury resort The Datai Langkawi, effective Thursday, July 28.

KUALA LUMPUR: DutaLand Bhd has proposed to dispose of some 11,977.91ha of plantation land to IOI Corp Bhd for RM830 million cash.

KUALA LUMPUR: The new major shareholder of Pulai Springs Bhd wants to privatise the Johor-based golf course operator, said sources close to the company.

The rationale for the privatisation exercise could be the fact that Pulai Springs' assets are undervalued, the sources said.

PETALING JAYA: S P Setia Bhd launched its Trefoil SoFo (small office flexible office) project in its Setia Alam township in Shah Alam last Saturday, July 23.

About 1,000 interested buyers were at the launch which saw over 60% of the 1,020 units that were open for sale, sold via balloting.

KUALA LUMPUR: Asia-Pacific commercial real estate investments fell for a second consecutive quarter, declining in value by 37% to US$25 billion (RM73.75 billion) in 2Q11, according to DTZ Research's Investment Market Update report.

PETALING JAYA: S P Setia Bhd launched its Trefoil SoFo (small office flexible office) project in its Setia Alam township in Shah Alam last Saturday. About 1,000 interested buyers were at the launch which saw over 60% of the 1,020 units that were open for sale, sold via balloting. Trefoil SoFo comprises three towers housing a total of 1,500 office units.

KUALA LUMPUR: Asia-Pacific commercial real estate investments fell for a second consecutive quarter, declining in value by 37% to US$25 billion (RM73.75 billion) in 2Q11, according to DTZ Research’s Investment Market Update report. Activity slowed in all countries with double-digit declines from 1Q11.

HONG KONG: Hong Kong’s retail property leasing and sales remained upbeat in 2Q11 and Colliers International research predicts the average rent of street shops in traditional shopping districts will grow further by 15% in the next 12 months.

KUALA LUMPUR: The Laguna Langkawi offers 70 luxury, low-rise apartments on a 79,000 sq ft site. The five-storey freehold development features tropical landscaping with views across the Andaman Sea. It is located on the southwest coast of Langkawi at the edge of Langkawi Lagoon, along Jalan Kuala Muda, about 2km from the Langkawi International Airport.

SHAH ALAM: A housing developer was fined RM10,000 by the Sessions Court here on Thursday, July 28 for installing an illegal water connection three years ago.

Judge Aslam Zainuddin handed down the sentence to Syarikat Bina Mandat Sdn Bhd after its director Chew Koh Wah pleaded guilty to the charge under Section 123 of the Water Services Industry Act 2006.