KUALA LUMPUR (April 24): Housing and Local Government Minister Datuk Chor Chee Heung said the ministry has taken several initiatives to assist victims of abandoned housing projects.

KUALA LUMPUR (April 24): Property developer Eastern & Oriental Bhd (E&O) has proposed to acquire an office-cum-retail building known as Princes House in London, UK for £20.3 million (RM100.19 million).

KUALA LUMPUR (April 24): Malaysian Resources Corp Bhd (MRCB) has invested about RM40 million to build several linking bridges to facilitate smooth movements between buildings at Kuala Lumpur Sentral.

Chief executive officer Datuk Mohamed Razeek Hussain said the connection to Lot E, a green platinum building, has been completed, with escalators and elevators for the handicapped.

KUALA LUMPUR (April 24): Merlin Entertainments Groups has signed a management agreement with LL Themed Hotel Sdn Bhd to develop and build the LEGOLAND Hotel in Nusajaya, Johor — the first in Southeast Asia and the fourth in the world.

LL Themed is a 51-49 joint venture company between Destination Resorts and Hotels Sdn Bhd (DRH) with Iskandar Harta Holdings Sdn Bhd.

SHAH ALAM (April 23): Klang Valley residents will soon be able to dine at a waterfront facing Sungai Rasau here to be developed by I-Bhd.

I-Bhd chief executive officer Datuk Eu Hong CHew told reporters here today that the project, Clarke Quay@i-City, is the latest component of i-City's integrated leisure destination plan.

KOTA KINABALU (April 23): The Housing and Local Government Ministry via the Local Government Department has allocated RM48.9 million to implement 330 projects for all the local authorities (PBT) in Sabah this year to ensure that the PBTs maintained their best service.

KUALA LUMPUR (April 23): As many as 12 top architectural firms in the country have been shortlisted into the second stage of the Kuala Lumpur International Financial District (KLIFD) Signature Tower Design Competition.

HONG KONG (April 23): Many Hong Kong homebuyers are blinded to overpriced flats in new developments by the lure of grand clubhouse facilities, landscaped gardens, and luxury appliances, agents warn.

The consequences of paying a high premium for flats in such overpriced projects could be particularly dire in remote districts or single-block developments, they say.

BEIJING (April 23): China is set to speed up spending on roads, railways and utilities to boost economic growth, the official China Securities Journal said on Monday, citing government economists.

KUALA LUMPUR (April 23): Axis Real Estate Investment Trust (Axis REIT) will allocate RM32 million to enhance its assets including Wisma Bintang and Axis Eureka, HwangDBS Vickers Research said on Monday.

It said Axis REIT would convert Wisma Bintang, currently leased to Cycle & Carriage (C&C), into its "Axis Business Campus".