LONDON: Development land values in England and Wales posted a fourth consecutive quarter of growth in the last three months of 2013, translating to a turnaround from the previous year when land prices were relatively stagnant, reported Knight Frank in its latest Residential Development Land Index.Values for residential development land in England and Wales experienced a 2.7% increase between Oc

KUALA LUMPUR: Due to policies in 2013 targeting residential properties, investors in China’s first-tier cities (Beijing, Shanghai and Guangzhou) have shifted their purchasing power to the office market instead.Grade A office rents in the three cities remained stable due to the implementation of these residential policies, said global real estate agency Knight Frank in its Greater China Property

PETALING JAYA: Property developer Tropicana Corp Bhd last month launched the first tower of Bora Residences, which is Phase 2 of the Tropicana Danga Bay mixed integrated development in Iskandar Malaysia, Johor.The 42-storey Tower A of Bora Residences, which has a gross development value (GDV) of RM480 million, comprises 396 units with built-up areas ranging from 694 sq ft to 3,443 sq ft.

PETALING JAYA: House prices and land values in the UK are expected to see continued growth as optimism improves and appetite for city centre developments returns, according to the latest CB Richard Ellis (CBRE) UK Regional Residential ViewPoint.In the fourth quarter of 2013 (4Q13), transaction volume in UK reached its highest annual rate, while house prices were 14% above their 2007 peak, and t

PETALING JAYA: Jaya Shopping Centre is due to reopen in April, five years after its demolition and subsequent redevelopment.The new seven-storey mall has more than 150 lots over 270,000 sq ft (25,084 sq m) of net lettable area, said developer Jaya Section Fourteen Sdn Bhd’s assistant general manager Ismail Ani Arope.Over 80% of the mall is already tenanted by food and beverage outlets and shops

KUALA LUMPUR: Kidex Sdn Bhd, the developer of the 14.9km Kinrara Damansara Skyway (KIDEX Skyway), is expected to begin construction on the RM2.42 billion project early next year.

Chief executive officer Datuk Mohd Nor Idrus said the company is now awaiting approval from the federal government which is expected at year-end.

KUALA LUMPUR: Mah Sing Group Bhd is buying 85.43 acres of land in Sultan Salahuddin Abdul Aziz Shah Golf Course, Shah Alam, for RM327.4 million cash, or RM88 per sq ft, from Great Doctrine (M) Sdn Bhd.

The leasehold land, expiring in May 2102, currently has nine of the 27 holes in the golf course and is expected to yield a gross development value (GDV) of about RM2.5 billion.

MALAYSIA has always been marketed as a travel destination famous for its islands and beaches. Even the government’s Visit Malaysia Year 2014 campaign is promoting them as one of the attractions.