Latest

Sunway wins two awards

KUALA LUMPUR: Sunway Group's property development arms Sunway City Bhd (SunCity) and SunwayMas Sdn Bhd (SunwayMas) have bagged two awards at the Asia Pacific Property Awards 2011, in association with Bloomberg TV.

Living the Green Beverly Hills life

KUALA LUMPUR: GD Development Sdn Bhd's 350-acre resort and eco-themed Green Beverly Hills development in Putra Nilai, Negeri Sembilan, has seen a take-up of 70% for the first phase since its launch in January 2011.

Comeback for US hotel-condos

EARLIER this decade, buyers could not get enough of hotel-condominiums. The concept, pioneered by Donald Trump in the late 1990s and adopted by a number of other hotel chains, was a no-brainer: well-off travellers enamoured of a particular hotel — its decor, amenities, location — were given the option of buying a room, and everything in it.

Zsa Zsa Gabor's home on sale for US$15m

LOS ANGELES: The Bel Air home of Zsa Zsa Gabor went up for sale on Tuesday with an asking price of US$15 million (RM45.3 million), while the 94-year-old Hollywood actress recovers in hospital from her latest medical setback.

i-Bhd allocates US$5m to promote i-City

KUALA LUMPUR: i-Bhd, an integrated ICT developer, has set aside a US$5 million (RM15.05 million) budget for brand-building positioning of i-City, globally, which will include international promotions and themed programmes.

Islamic trusts could revive Gulf property market

DUBAI: Jordanian Ashraf Hamdan began investing in Dubai's real estate market in 2006, with a few modest rental investment forays before turning his sights on flashier projects as a wave of luxury developments hit the market.

The real estate bust in 2008 left investors like Hamdan with half-finished projects sitting in the desert sun and losses that were unlikely to be recouped.

UEM Land, Iskandar Investment in RM850m Nusajaya project

KUALA LUMPUR: UEM Land Holdings Bhd (ULHB) says its bread and butter property development projects in Nusajaya are on the threshold of greater prospects in 2012, as the 24,000-acre enclave reaches critical mass, which will further spur the area's growth.