IF you drove around the older sections of Petaling Jaya in Selangor, you will not fail to notice the rows of eye-catching commercial bungalows along the thoroughfares. Such properties can also be spotted in popular Kuala Lumpur, suburb Bangsar and in its vicinity.Of late, growing demand for these bungalows has pushed prices up.

KUALA LUMPUR: The joint venture (JV) between Sime Darby Property Bhd and UEM Sunrise Bhd in Bukit Jelutong, Selangor, will finally kick off this year-end, two years later than initially planned, according to its top officials.

The 50:50 JV called Radia, now has a gross development value of RM1.6 billion against an estimated RM1 billion previously.  

KUALA LUMPUR: Mulpha Land Bhd plans to significantly reduce its bank borrowings by RM4 million through the disposal of land in Klang, for a cash consideration of RM8.63 million.

WITH the mass rapid transit project and extension of the light rail transit lines well under way, Sime Darby Property Bhd (SDP) has taken on the challenge of developing transit-oriented and transport-adjacent developments, or TODs and TADs."What we realised is that many of our developments are TODs and TADs, which open up new opportunities for us," says Zulkifli Tahmali, head of property develo

CARBON neutral offices (CNO) are office buildings that have nett carbon emissions of zero on an annual basis.DWP regional managing director Dr Saeed Zaki has always been a firm supporter of sustainable efforts. He believes that Malaysia is ready to take sustainability to the next level by completely eliminating carbon emissions from its office buildings.

KUALA LUMPUR: Ivory Properties Bhd will be paying an estimated RM1.06 billion for its proposed acquisition of Plaza Rakyat project after taking into account the amount payable under the conditional acquisition and rehabilitation agreement it had signed.

Notably, the sum is not inclusive of the development cost that the Penang-based property developer will incur.

HONG KONG: SJM Holdings Ltd, Asia’s biggest casino operator, plans to invest in land that will triple the size of its planned casino resort in Macau’s Cotai area.

TOKYO: Las Vegas Sands Corp and MGM Resorts International are scouting sites for casinos in Japan as Tokyo’s selection to host the 2020 Olympics boosts confidence a law legalising gambling resorts in the capital will pass.

HONG KONG: Hong Kong-listed NagaCorp Ltd (founder, Malaysian billionaire Tan Sri Dr Chen Lip Keong became the second industry player to take a punt on a Russian entertainment zone not far from Beijing, agreeing to invest US$350 million (RM1.2 billion) to build a casino, hotel and exhibition venue.

SINGAPORE: Amara Holdings Ltd, a Singapore- based hotel operator, may sell hospitality assets as a real estate investment trust (REIT).