The preservation of heritage structures can be highly profitable if managed correctly, says James Wong, managing director of VPC Alliance, who believes these pre-war shophouses can be converted into a comm

Running the residential component of an 8.5-acre mixed development “like a hotel” while overseeing the development of a neighbourhood mall is a challenge that Sally Wong relishes.

The Year of the Golden Tiger has brought with it a heat wave that has driven many Malaysians into the comfort of air-conditioned space — day and night — raising electricity usage, and the bills.

The recovery of the world economy remains shaky but several cutting-edge architectural icons planned in better times are coming on stream this year and next.

KUALA LUMPUR: Property developer Mah Sing Group Bhd has been awarded the Brand Laureate Award for the second consecutive year as the Best Brand in Property.

Its managing director Tan Sri Datuk Sri Leong Hoy Kum received the award at the ceremony at a hotel here on Friday March 26, 2010.

KUALA LUMPUR: One Bangsar Sdn Bhd, manager of the nine restaurants within the One Bangsar complex along Jalan Ara in Bangsar, Kuala Lumpur has taken legal action challenging Kuala Lumpur City Hall’s  (DBKL) decision for them to vacate the premises.

PETALING JAYA: San Soon Seng Food Industries Sdn. Bhd, a wholly owned subsidiary of Three-A Resources Bhd has entered into a Sale and Purchase Agreement with Excellent Chemicals Industrial Sdn Bhd to acquire a piece of land in Sungai Buloh, Selangor for RM1.6 million.

The land comprises an area of approximately 4,016 sq metres together with a building.

KUALA LUMPUR: Nearly 70% of the new homes supply in Shanghai, China next month will come from the suburbs, a Chinese daily reported. 

The Shanghai Daily reported that most of the new homes would be supplied by developments beyond the city’s Outer Ring Road according to data released by China Real Estate Information Corp (CRIC) on March 25. 

PETALING JAYA: Pembinaan SPK Sdn Bhd has been awarded a contract from Abu Dhabi based developer, Aldar Properties PJSC for the Main Contract Works of the Al Raha Gardens Community Retail Centre Development in Abu Dhabi.

The AED29.9 million (approximately RM27.062 million) - contract was received on March 23, 2010,

KUALA LUMPUR: The top 100 retail chains in China posted the slowest sales growth in a decade last year, as they were cautious in opening new stores amid the fallout from the global financial crisis, a Chinese daily reported.