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Osaka’s plan for Japan’s first casino

OSAKA (Japan): The Japanese city of Osaka plans to invite operators to build a casino on a plot of reclaimed land on Osaka Bay, its governor told Reuters, pipping Tokyo in the race to attract global gaming firms to set up the country’s first gambling resort.

China land price gains slow in nearly two years

BEIJING: China’s residential land price gains slowed for the first time in nearly two years in the first quarter, and are likely to slow further in the second quarter, the land ministry said yesterday, another indication the property market is losing steam.

Flyover to boost sales at RM6.3b Tropicana MetroPark

KUALA LUMPUR: Tropicana Corp Bhd is confident of achieving an 80% take-up rate for Tower B of its Paloma Serviced Residences at its RM6.3 billion Tropicana MetroPark development in Subang Jaya, Selangor, thanks to a proposed dedicated flyover that will link the integrated development to the Federal Highway.

I-Bhd hopes to triple revenue over next four years

KUALA LUMPUR: I-Bhd, in its bid to triple sales over the next three to four years, yesterday unveiled plans for its Central Tower mixed development, comprising residential serviced suites, a hotel tower and an office tower with a total gross floor area of 1.6 million sq ft.

Cameron Highlands projects to contribute 30% to LBS’ revenue

CAMERON HIGHLANDS: LBS Bina Group Bhd expects its property development projects here to contribute 30% to its revenue by 2017, up from the current 5% to 10%.

The group’s current and future developments in the Pahang hilltop tourism spot over the next 10 years have a gross development value (GDV) of RM5 billion, said managing director Datuk Seri Lim Hock San.

Huawei is first tenant at Medini 6

KUALA LUMPUR: Medini Iskandar Malaysia Sdn Bhd (MIMSB), the master developer of Medini Iskandar Malaysia in Johor, has signed its first tenancy agreement with information and communications technology solutions provider Huawei for Medini 6, its first purpose-built office in Medini Iskandar.

Zelan settles dispute with Meena owner

KUALA LUMPUR: Zelan Bhd will finally get to complete the 950.03 million dirham (RM839.07 million) Meena Plaza, a mixed-use development project in Abu Dhabi in the United Arab Emirates, after settling a dispute with the project owner Meena Holdings LLC that started two years ago.