Franses Gallery, a London-based UK art gallery, says it is currently in the midst of a “bitter [court] dispute” with CapitaLand over a new 15-year lease of purpose-built premises within the Singapore-listed property developer’s Ascott-branded Cavendish Hotel.

The Malaysian construction sector is expected to see downward normalisation this year, in which the domestic contract is projected to come in at RM25 billion, after achieving a record higher base in 2016, according to Hong Leong IB Research.

The project will be completed within 15 months from the date of commencement.

The MRT1 project cost RM21 billion while MRT2 was built at RM32 billion.

Tycoon Tan Sri Lee Kim Yew, who is behind the development of Mines Resort City in Seri Kembangan, Selangor, is putting up 38.12 acres of land for sale.

At a press conference today, PKR lawmaker Rafizi Ramli demanded Felda chairman Tan Sri Isa Samad to make the said disclosure, after highlighting that these projects incurred losses amounting to RM192.82 million during the financial year ended Dec 31, 2014 (FY2014).

The property development and property investment business will be spearheaded by a wholly-owned subsidiary company, JAG Land Sdn Bhd…

“The downtrend [of the current cycle] is also taking a gentler gradient. This means that this time around, the housing market will not be as turbulent as the last two cycles two decades ago.”

The construction sector is expected to remain a bright spot amid the less-than-rosy prospects of the wider domestic and global economies — which are facing a multitude of uncertainties…

The most anticipated property transaction next year is the sale of the final component within BlackRock Inc’s The Intermark integrated development in Jalan Tun Razak, Kuala Lumpur — Vista Tower, a Grade A office building.