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Club Med enters China with Melco unit deal

HONG KONG: French luxury holiday operator Club Med plans to open its first property in China at a northeastern ski resort just as casino investor Lawrence Ho Yau-lung sells down his stake in the resort's financially troubled owner, Melco China Resorts.

City & Country: A new hub for KL city centre

Tamansari — a high-end urban renewal project unfolding in Jalan Tun Razak, Kuala Lumpur, where the Pekeliling flats once stood — is expected to give a fillip to the entire area.

Going, Going...Gone: Focus on land property

Buyer interest in the property auction market is now more focused on landed properties in view of the long-term value gain, auctioneers say.First Auction Sdn Bhd’s Zaarif Zainal tells City & Country: “Apartments used to be quite hot, but to avoid the maintenance charges buyers now prefer landed residential properties.”Besides the usual prime areas such as Taman Tun Dr Ismail and Petaling Ja

City & Country: Taking the plunge

Taking risks is pretty much what SKN Land & Development Sdn Bhd thrives on, declares Datuk Shamir K Nandy, the executive chairman of its holding company SKN Group. This property developer — "like some remote, sexy island in Thailand, the real jewel in the crown", according to Shamir — is not one to disregard possibilities.“We like to take risks more than to see the return.

Lebar Daun to launch lakefront twin villas at D’Kayangan

KUALA LUMPUR: Lebar Daun Development Sdn. Bhd. will launch Casa Arianna, a lakefront twin villas project located within the 163 acre D’Kayangan development in Section 13, Shah Alam in Selangor tomorrow Feb 20, 2010.

D’Kayangan is a guarded community accessible via the Federal Highway, New Klang Valley Expressway, and the Elite Highway.

Oversupply expected in India's office market

MUMBAI (India): An oversupply situation in the office property market is likely to occur in India with the expected entry of 162.6 million sq ft of new office space in the next three years, according to Jones Lang LaSalle Meghraj's (JLLM) Trends in Commercial Office Space report published recently.

Belgium’s office investment market jumps

BRUSSELS (Belgium): Office investment levels in Belgium have soared 205%, totaling €430.6 million in 4Q 2009 compared to the previous quarter, while buyers have increased to five per asset compared to one per asset at end of 2008, according to Savills’ Brussels Office Market 4Q 2009 report.