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City & Country: A Pearl on KL’s skyline

A short distance away from the iconic Petronas Twin Towers and Pavilion KL shopping centre in Kuala Lumpur City Centre (KLCC) is the latest addition to the high-end condominium market ­— The Pearl. Once completed in 2011, it will stand 41 storeys high, with views of either the Twin Towers or the green knolls of the Royal Selangor Golf Club.

City & Country: Increase in property prices expected to be gentler

The property market in Penang continues to be buoyant, with both the primary and secondary markets posting stronger sales in 1Q2010 than in 4Q2009.However, Raine & Horne International Zaki + Partners’ director Michael Geh expects a gentler increase in property prices in the next few months considering the rising interest rate environment.

Offshore: Aiming for the Peaks

An upcoming development that is expected to be the litmus test for the resilience of Singapore’s luxury residential market in the face of a jittery global stock market is Twin Peaks by Overseas Union Enterprise (OUE).

Briefs

Penang calls for tender to refurbish Crag Hotel The Penang government is calling for tenders from companies interested in the renovation, refurbishment and management of the Crag Hotel on Bukit Bendera (Penang Hill).

City&Country: Back to nature in Templer’s Park

The relatively quiet Templer’s Park in Rawang, Selangor, nestled against a backdrop of lush forest in the northern corridor of Kuala Lumpur, will soon see not one but three high-end residential projects.

City&Country: Daring to dream

Along Jalan Berangan in Changkat Bukit Bintang, Kuala Lumpur, is a row of shophouses. If you were to stroll along the undulating road, you would notice a guesthouse near the end of it.

Hap Seng records pre-tax profit of RM172.8 mil for FY2009

KUALA LUMPUR: Hap Seng Consolidated Bhd (Hap Seng Group) recorded a pre-tax profit of RM172.8 million in its financial year (FY) ended Dec 31, 2009.

This was achieved on the back of group net revenue of RM2.5 billion. The group’s operating profit was registered at RM193.8 million and its profit after tax was recorded at RM149.3 million for the year under review.