PROPERTY developers launching in Medini will be up against stiff competition as more projects take off in the business precinct of Iskandar Malaysia's Flagship A.

PETALING JAYA: The average price of a hotel room around the world rose by 2% in the first half of 2013 (1H13), compared with the same period a year ago, according to the latest Hotels.com Hotel Price Index (HPI). The report noted that average prices are now close to their 2006 levels, before the global financial crisis began.

MOSCOW: The Malaysian-designed 598ha Kazan Smart City in Kazan, Russia, received the Russian 2013 Fiabci Prix d'Excellence award for the Master Plan category, recently. Designed by AJM Planning and Urban Design Group Sdn Bhd and Straits Consulting Engineers Sdn Bhd, Kazan Smart City is developed by Tatarstan Development Corp (TDC) and aims to attract international investors to Russia.

Rehda wants monitoring of buyers of affordable homes

MR HAN (not his real name) runs a consultancy firm from his 4-storey shopoffice in Kuala Lumpur. His team operates from the upper floors of the building that is more than a decade old while the ground floor is leased out to a financial institution.

KUALA LUMPUR: Landmarks Bhd, in which Genting Bhd is the single largest shareholder with a 30.3% stake, has proposed a rights issue of warrants to raise RM79.5 million to partially fund the development of hotels in Treasure Bay, Bintan, Indonesia and a resort at Datai Bay, Langkawi.

KUALA LUMPUR: FCW Holdings Bhd entered into a joint venture (JV) with IJM Land Bhd to develop four parcels of land in Segambut, KL, into mixed residential and commercial property projects.

In an announcement yesterday, FCW said the JV company, 368 Segambut Sdn Bhd, would acquire the parcels measuring 671,334 sq ft for RM188 million.

JOHOR BARU: Howco Group, a leading global distributor of equipment to the oil and gas industry, will expand into the Southeast Asian market with a new manufacturing facility in Iskandar Malaysia in Johor.