LONDON: Britain will impose capital gains tax on foreign investors selling homes that are not their primary residence from 2015, finance minister George Osborne said yesterday as the government moved to curb soaring house prices in London.

PETALING JAYA: Many businesses have been found to have misused the Temporary Occupation Licences (TOLs) issued in Cameron Highlands, the Auditor-General's Report 2012 revealed.

These businesses include homestays, commercial and residential buildings as well as farms that have sprung up on the highlands over the years.

KUALA LUMPUR: IJM Land Bhd (IJML) has plans to develop 273.2ha  of land near the Kuantan port for a proposed mixed development project.

LONDON: Prime central London rents have fallen 2% year-to-date (YTD), pushed down further by the 0.3% decline in November from last year. However, London’s rents are expected to rise 2% in 2014, according to Knight Frank’s Prime Central London Rental Index published for November 2013. For the past 18 months, prime central London rents for luxury homes have been declining or remaining flat.

PETALING JAYA: Tropicana Corp Bhd (previously known as Dijaya Corp Bhd) recently unveiled the RM500 million Paloma Serviced Residences and Courtyard Villas, the latest phase of Tropicana Metropark in Subang, Selangor.

PETALING JAYA: Bandar Rimbayu’s first semi-detached houses are scheduled to be launched in February, said IJM Land Bhd chief executive officer Datuk Soam Heng Choon. He was speaking on Tuesday at the launch of The Arc, a private park in the heart of the township that includes an elevated green roof deck designed to accommodate Malaysia’s tropical weather.

KOTA BARU: Sara-Timur Urban Development launched its two-tower condominium project, Prima Lagenda Lifestyle Apartments, on Nov 27 and 80% of Tower A has been booked. The condominium is within the 40-acre (16.18ha) RM1.2 billion Lagenda Tunjong integrated development that Sara-Timur is developing in partnership with Perbadanan Menteri Besar Kelantan and Tunjong Development Corp.

KULAIJAYA: Genting Simon Sdn Bhd showcased the second phase of Johor Premium Outlets (JPO) featuring an additional 40 shops of a total of 120 stores during a media visit on Tuesday. The new retail space makes up 100,000 sq ft.

SINGAPORE: Singapore-listed GSH Corp Ltd, which is majority owned by Singapore’s “popiah king” Sam Gooi, is acquiring a 2,431 sq ft tract of prime land in Jalan Kia Peng, Kuala Lumpur, for RM132.4 million or RM2,121 per sq ft.