SHAH ALAM: The latest phases of 2-storey terraced houses in I&P Group Sdn Bhd’s Alam Impian township in Shah Alam launched during the Nov 21 weekend were fully sold in two days.

KUALA LUMPUR: TA Global Bhd, the newly listed property development arm of TA Enterprise Bhd (TAE), is looking at further property development in Canada and Australia, beyond the current three hotels and one commercial building it has in the two countries.

TORONTO: An office-building boom in Toronto’s downtown may push the city’s vacancy rate higher than New York and Boston after developers including Brookfield Properties Corp added space during the first recession in 17 years.

EDINBURGH: Donald Trump’s plan to build a £1 billion (RM5.76 billion) golf resort in northeast Scotland is being challenged in the courts by an 85-year-old woman who stands to lose her home as a result of his project.

KUALA LUMPUR: Concerned that there will be a repeat of the Port Klang Free Zone fiasco, the opposition wants the privatisation project involving a RM628 million exhibition centre to be tabled in Parliament.

The opposition also called on Prime Minister Datuk Seri Najib Razak to re-tender the project to pick the best contractor or developer.

PUTRAJAYA: The four-year court battle between property developer KSL Realty Sdn Bhd and Danaharta Hartanah Sdn Bhd over parcels of land measuring 1,516 acres that are currently under the stable of companies belonging to Tan Sri Syed Mokhtar Albukhary ended on Nov 23 with the Federal Court shutting the final door on the Johor-based property developer.

WASHINGTON: Sales of previously owned US homes rose in October at a faster-than-expected pace to the highest in more than 2 1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed on Nov 23.

HONG KONG: Hang Lung Properties Ltd, the Hong Kong developer spending US$5.2 billion (RM17.62 billion) building offices and malls in China, will focus on land already bought and refrain from further “sexy” acquisitions, chairman Ronnie Chan said.

NEW YORK: Commercial real estate prices may fall as much as 55% from October 2007’s peak and the recovery will be slow amid rising unemployment and tepid consumer spending, Moody’s Investors Service said.

PETALING JAYA: Angkasa Indah Sdn Bhd has entered into a conditional Sale and Purchase Agreement with Perniagaan Sanjung Sdn Bhd for a piece of leasehold land.

The over nine-acre piece of land, situated in Pekan Penaga, Selangor, was sold at an agreed price of RM56 million, said the Bursa Malaysia announcement on Nov 23.