PETALING JAYA: Only a limited number of retail, office and serviced apartment units of mixed commercial development Jaya One’s new phase in Section 13, Petaling Jaya, will be available for sale during its launch on Oct 22.Developer Tetap Tiara Sdn Bhd will keep most of the retail units for recurring income while about 70% of the serviced  apartment units and offices as well as some retail lots

KUALA LUMPUR: London-based asset manager London Central Portfolio (LCP) has launched a syariah-compliant London residential property fund.The new fund called London Central Apartments (LCA) is the first syariah-compliant fund investing in the London residential property market. This is LCP’s third fund launched in four years.

LONDON: Prime central business district (CBD) office markets in Europe have bottomed out and are showing trends of rental recovery, predicts Savills, a global real estate services provider.

KUALA LUMPUR: Amanah Hartanah Bumiputera Unit Trust Fund (AHB) has received a second income distribution of 3.25 sen a unit for the period of six months ended Sept 30, 2011.

Pelaburan Hartanah Bhd (PHB) and Mayban Investment Management Sdn Bhd (MIM) said in a joint statement Wednesday, Oct 5 that this would translate into an annualised income yield of 6.5%.

DUBAI: Nearly two years after it was forced to go cap in hand to neighbour Abu Dhabi for a bailout, a chastened Dubai has ringfenced vulnerable assets, forced banks to bolster reserves and deferred debt maturities.

KUALA LUMPUR: Huat Lai Resources Bhd is buying four plots of agriculture land measuring 430 acres (172ha) in Jasin, Melaka for RM43 million. In a filing with Bursa Malaysia on Wednesday, Oct 5, Huat Lai said the land would be used for oil palm plantations.

PETALING JAYA: In three years, more than 20,000 homes in the country will be powered by clean electricity, thanks to Cypark Resources Bhd's renewable energy parks to be built on former landfill sites throughout the country.

Sunway Bhd (Oct 5, RM2.03)

KUALA LUMPUR: The Malay Chamber of Commerce Malaysia says it is ready to build 100,000 units of affordable homes costing below RM150,00 each in the Klang Valley over the next five years.

Its president Syed Ali Al Attas said the chamber has among its members experienced Class A contractors, architects and engineers who are ready at any time to develop such projects.

KUALA LUMPUR: The Real Estate & Housing Developers' Association Malaysia (Rehda) is confident the property market can be stable amid the gloomy global economic outlook.

Its chairman of finance and investment committee Datuk Ng Seing Liong said the market would probably take a breather after having been quite bullish in 2010 and the first half of 2011.