RM303 mil for relocation of eight squatter settlements in JB

JOHOR BAHRU: Residents in eight squatter settlements along the banks of Sungai Tebrau will be offered affordable flat units with better amenities under the squatter resettlement programme.

According to the Media and Communications Unit (Medkom) of the Johor Menteri Besar's Office, the programme costing RM303 million was among the biggest in Johor currently.

Malaysia to host its first carbon-free conference

KUALA LUMPUR: Malaysia will be holding its first carbon-neutral conference next week.

The conference on Sustainable Buildings South-East Asia (SB10SEA), which is taking place at the Kuala Lumpur Convention Centre from May 4 to 6, 2010, is the first carbon-neutral event to be held in the country and is organised under the auspices of the UN.

#Update* Selangor Properties targets new launches this year

KUALA LUMPUR: Selangor Properties Bhd has lined up several property launches in Damansara Heights, Gombak and Selayang this year.

Among these is a high-end condominium on Jalan Batai in Damansara Heights, group financial controller Lee Boon Kian told the media after the company’s annual general meeting here on April 28.

Prasarana pre-qualifies 32 contractors for LRT extension project

KUALA LUMPUR: A total of 17 applicants have been pre-qualified as main contractors (MCs) and 15 applicants pre-qualified as nominated sub-contractors (NSCs) for the proposed Light Rail Transit (LRT) extension project of the Kelana Jaya and Ampang Lines, according to Syarikat Prasarana Negara Bhd (Prasarana) in a press statement on April 28.

Nina Wang's folly gets new lease of life

HONG KONG: The late Nina Wang Kung Yu-sum's biggest property folly is back in business after spending eight years in mothballs amid market upheavals and a court battle over the eccentric billionaire's fortune, according to the South China Morning Post.The Chinachem Charitable Foundation had on Tuesday offered flats in the 129 Repulse Bay Road residential tower for lease, marking its first step

Property returns increase in the UK

LONDON: Property returns in the UK rose to 6.2% in 1Q2010, according to the latest Jones Lang LaSalle (JLL) UK Quarterly Property Index.

Returns were boosted by the 4.5% increase in capital values, which were driven by falling yields across all three major sectors, said JLL.

Companies capitalise on the benefits of virtual workplaces

HONG KONG: Will the trend to virtual workplaces empty office properties and lead to owners going downmarket to find new tenants?

Prospects of a sea change in the commercial property market are real, judging from the report by business centre operator Regus and research firm Unwired.

New technology will have a dramatic effect on how and where work is done, the report concludes.