KUALA LUMPUR: Malaysia's real estate sector is expected to expand by 6.8% this year and 5.7% next year, despite a challenging external economic environment.

KUALA LUMPUR: Malaysia is unlikely to experience a property bubble next year, as several measures have been introduced to curb soaring real estate prices, Housing and Local Government Minister Datuk Wira Chor Chee Heung said.

KUALA LUMPUR: The US$8 billion (RM25.07 billion) Kuala Lumpur International Financial District (KLIFD), to be jointly developed by 1Malaysia Development Bhd (1MDB) and Abu Dhabi's Mubadala Development Corporation, will get off the ground early next year.

KUALA LUMPUR: AQRS The Building Company Sdn Bhd (AQRS) has managed to sell 60% of The CEO Suites at its latest commercial development The Altium in Damansara Perdana, Petaling Jaya during a recent launch.

GEORGE TOWN: The Natural Resources and Environment Ministry has decided to hand over the e-Tanah electronic land administration system to the Penang Land and Mines Office, Minister Datuk Seri Douglas Uggah Embas said on Thursday, Oct 13.

He said the handover will be carried out in stages and the process is expected to take six months starting from early next year.

HONG KONG: Hyatt Hotels Corp is bullish on China's long-term growth prospects after signing 11 management deals for new hotels to open in the next two years, but remains cautious in the near term because of the risk of oversupply and fluctuations in the country's capital market, an executive said on Wednesday, Oct 12.

HONG KONG: Chinese property developer Poly (Hong Kong) Investments Ltd (Poly HK) said its contracted sales rose 62% in the first nine months to 12.2 billion yuan (RM6 billion) despite Beijing's tight credit policy to slow the country's rampant property market.

PUTRAJAYA: Construction of the Klang Valley MY Rapid Transit (KVMRT) is expected to begin in the second or third quarter of next year, MRT Co chief executive officer Datuk Azhar Abdul Hamid said on Wednesday, Oct 12.

KUALA LUMPUR: The Ministry of Housing and Local Government and the Ministry of Natural Resources and Environment will amend the Strata Title Act 1985 and the Building and Common Property Act 2007 to protect the interests of strata property owners.

KUALA LUMPUR: Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin reiterated that Kampung Baru will only be developed if the landowners and heirs agree to it.

He said although Kampung Baru Development Corporation Bill 2011 was passed by Dewan Rakyat last week, the approval of landowners and heirs is more important to the government.