KUALA LUMPUR: Hatten Group Sdn Bhd is stamping its mark in Melaka with a RM2 billion mixed commercial development known as Hatten City.“The 20-acre project will be the largest new development in the historical city,” said Hatten Group managing director Colin Tan.The project is situated just 2km from Dataran Pahlawan Melaka Megamall in Melaka Raya, currently the largest mall in Melaka, also by t

KUALA LUMPUR: Swiss-Garden International Hotels, Resorts & Inns will open five new hotels in Malaysia in the next two to three years.

KUALA LUMPUR: Guocoland (Malaysia) Bhd’s Commerce One corporate office development along Jalan Klang Lama, Kuala Lumpur, has been 40% sold ahead of its launch next week.The developer said the 21-storey office building will house 222 units of modern office suites with sizes between 500 sq ft and 1,700 sq ft. Prices are from RM430 psf.

KUALA LUMPUR: Naza TTDI Sdn Bhd, the property arm of the Naza Group, plans to launch a premium phase of its 113-acre (45.73ha) TTDI Grove project in Kajang, Selangor, by year-end.To be known as TTDI Grove East, the premium phase will feature 36 semi-detached homes and 128 link houses on terraces carved into slopes, said senior general manager of marketing and sales Mohd Johan Shadzli Mohd Daud.

KUALA LUMPUR: Residential property prices may see corrections this year. Having escalated too quickly last year, property prices may soften for certain products in certain locations, said Swhengtee International Sdn Bhd founder and president Gavin Tee.“It will depend on the type of property and location. You have seen prices rising since 2007, and last year’s level was especially high.

Results in line; embarks on aggressive acquisition plans

KUALA LUMPUR: UOA Development Bhd expects to list its entire enlarged issued and paid-up share capital on the Main Market of Bursa Malaysia in June this year after getting the nod from the Securities Commission.

KUALA LUMPUR: The High Court has dismissed an interim injunction to stop the sale of the Putra Place land in Kuala Lumpur by OSK Trustees Bhd to Sunway Real Estate Investment Trust (SunREIT).

BANGKOK: Concerns regarding an overheating condominium market supply were allayed in the first quarter (1Q) of 2011 with a fall of around 46% of new launches compared to the previous quarter according to the latest Condominium Market Report from Colliers International Thailand.

KUALA LUMPUR: Swiss-Garden International Hotels, Resorts & Inns will be opening five new hotels within the next two to three years in Malaysia. The hotels will be in Butterworth, Penang; Cameron Highlands; Senai, Johor; Kota Kinabalu, Sabah; and Kuantan, Pahang.