PETALING JAYA: According to Knight Frank’s prime global forecast for the fourth quarter of 2013, the report predicted that opportunities in 2014 will be focused more locally, than at the macro level previously.Rising interest rates and government intervention in the form of buyer restrictions now pose the greatest threat to luxury residential markets worldwide.Dubai leads the forecast for the l

PENANG: The government is looking to support Malaysian premium brands,  according to Pemandu (Performance Management and Delivery Unit) director for wholesale and retail Ravindran Devagunam at the reopening of the British India store in Gurney Plaza on Monday.“We have an ETP [Economic Transformation Programme] for an initiative called ‘Foreign Brand Acquisition’ in which we are looking to modif

THE Australian property market has always been on the radar screen of Malaysians, be it for investment or migration purposes. Recognising this demand, boutique residential developer Spec Property recently set up an office, Spec Property Development (Malaysia) Sdn Bhd, in The Curve in Mutiara Damansara to serve as both a sales gallery for its products and a customer service centre.

GEORGE TOWN: Penang Chief Minister Lim Guan Eng has found a caustic example — a profit-making land-deal involving two senior state Umno leaders — to justify the state’s radical new property policy.

KUALA LUMPUR: Residential and commercial properties  in the city will have their assessment rates slashed to 4% and 10% respectively, following the recent protests against the sharp increase in the valuation of properties.

KUALA LUMPUR: Tune Hotels has opened Tune Hotel Davao in the Philippines and Tune Hotel Bekasi in Indonesia. Group chief executive officer Mark Lankester said the two countries are great markets for the group and its rapid expansion there signifies their importance.

“We have two hotels opening just days apart in two of the most vibrant economies in Asean,” he said.

JOHOR BARU: Damansara Assets Sdn Bhd, owner of the Komtar Tower in Johor Baru, is confident of securing 98% occupancy rate for the 25-storey office tower when upgrading works are completed in February.