KUALA LUMPUR: UDA Holdings Bhd is terminating the proposed sale of a piece of land in Jalan Sultan Ismail in the heart of Kuala Lumpur for RM215.50 million to Nadayu Properties Bhd.

Nadayu, formerly known as Mutiara Goodyear Development Bhd said on Wednesday, July 20 that its solicitors had received a letter from UDA about the unsuccessful land deal.

HONG KONG: Retail landlords have increased their marketing budgets and pinned their hopes on cartoon characters to get more shoppers into their malls in the expectation that consumer spending is set to rise.

HONG KONG: Hong Kong ranks as the most popular location for global businesses, with 68.2% of the world's major international companies having a presence in the city.

HONG KONG: The International Valuation Standards Council (IVSC) on Tuesday, July 19 published a new set of international valuation standards that come into effect from January next year.

HONG KONG: Home sales continued rebounding from a near six-year low a fortnight ago, as property market sentiment showed some signs of improving.

BEIJING: Corporate occupiers of office space in first-tier mainland cities should prepare themselves for higher rents because of strong demand and tight supply, property consultants say.

The mainland's overall economic recovery is fuelling the development of its commercial real estate market, Cushman & Wakefield says in its latest research report.

KUALA LUMPUR: Sunway City Bhd (SunCity) hosted a baroque party at its high end condominium development Sunway Vivaldi in Mont'Kiara, Kuala Lumpur last Saturday, July 16.

The party was held over three main event areas — the Tea Party, Art Gallery and Centre Stage — at the project's two-acre Eco-Deck.

KUALA LUMPUR: Best Western Australasia, the world's largest hotel chain, has expanded to Fiji.

This chain includes three properties: the Best Western Hexagon International Hotel, Best Western Grand West’s Villas and the Best Western Suva Motor Inn.

KUALA LUMPUR: CIMB Research's report on Wednesday, July 20 said it still remains bullish on all property developers despite the heavy selldown on property stocks since last week.

KUALA LUMPUR: Sapura Resources Bhd has proposed a joint venture with KLCC (Holdings) Sdn Bhd (KLCCH), a wholly-owned subsidiary of Petroliam Nasional Bhd (Petronas), to establish a commercial development on a piece of land in Kuala Lumpur.