PETALING JAYA: Naza TTDI Sdn Bhd’s Matrade Exhibition Centre won the “World’s Best” award in the Public Service Development category at the International Property Awards ceremony held in London on Dec 9.

KUALA LUMPUR: Rental rates in Sungei Wang Plaza will not be affected after its 12-month long refurbishment costing RM30 million. This was revealed by complex manager FK Tang at a media launch on Dec 6.“I would say rents will remain status quo because the refurbishment is still new.

PETALING JAYA: Bukit Kiara Properties Sdn Bhd (BKP) has started to hand over the final tower, Vox Tower, of its Verve Suites Mont’Kiara development to 250 homeowners.

BLACKSTONE Group LP, which has put US$1 billion (RM3.21 billion) of equity into Asian real estate this year, says it’s poised for more deals in the region as maturing funds sell assets and banks retreat amid new regulations.

PETALING JAYA: In yet another move to apply pressure on residents of Kampung Hakka in Mantin, Negeri Sembilan, developer Mega 9 Development Sdn Bhd yesterday cordoned off the area in the village that will be involved in its development project.

KUALA LUMPUR: While it believes buying appetite will return to the real estate market in the first half of next year (1H14), CIMB Research continues to be cautious on commercial properties given the existing glut in office space.

KUALA LUMPUR: Just a year after its maiden foray into Rawang, unlisted DA Land Sdn Bhd is taking on another project — a RM5 billion commercial development on a 51-acre (20.63ha) land parcel in the same area.

The company said in a statement yesterday that the mega project is set to transform Rawang and change the development landscape in the northern corridor.

LONDON’s status as a magnet for foreign property investment was burnished in the years after the financial crisis by an investor-friendly tax regime and the falling value of the pound. That may be changing.

MAYBANK ISLAMIC BHD will eventually enable its Foreign Currency Offshore Property Financing-i (FCOPF-i) instrument to fund property purchases outside its current market in Zones 1, 2 and 3 in London. The portfolio limit of FCOPF-i is £100 million, which will comprise a combination of customer deposits and interbank funding.