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£300m Ambassador Building to launch in May

KUALA LUMPUR/LONDON (Mar 13): A £300 million (RM1.42 billion) residential block called Ambassador Building situated along the river Thames will be launched in Malaysia in May, it was revealed in a press conference on Tuesday.

Central London residential rents to improve with better employment rate

LONDON (Mar 13): Due to weaker conditions in the central London employment market, rents have turned negative amid a 0.4% drop on a three-monthly basis, said Knight Frank.

In February 2012, prime London residential rents fell 0.2% nearing low levels posted in June 2011 as the current round of rental price falls relates to a weak employment market.

China shares end lower as property stocks hit by PBoC comments

SHANGHAI (Mar 12): China shares ended 0.2% lower on Monday, led by property developers, after the head of the Chinese central bank said that the government was not using bank reserve requirement ratio (RRR) cuts to help the stock market and the property sector.

City&Country: BHL Group building upwards

A relative newcomer to the local property development scene, BHL Group of Companies is moving on to develop serviced apartments in what is believed to be one of the highest points in Cheras, Kuala Lumpur.

RM280m resort off Sabah’s coast

KUALA LUMPUR: Jewel of Mabul Development Sdn Bhd is developing an over-water resort not far from Mabul Island off the Sabah coast. The RM280 million Alorie Lepa Lepa resort will feature pool villas — each villa has a private pool — across 80 acres of  submerged land, managing director Louise Lang told a media briefing yesterday.