KUALA LUMPUR: CB Richard Ellis (Malaysia) (CBRE) notes that new office supply in the coming years will make it a tenants market, in its 4Q2010 Marketview Kuala Lumpur Office report released on Friday, Mar 11.

Additionally, CBRE expects occupancies and rents will remain flat or decline slightly during 2011 before undergoing even greater downward pressure in 2012-13.

NEW YORK: United States billionaire Donald Trump will build two 40-storey skyscrapers in Georgia worth US$300 million, according to an investment agreement signed on Thursday, Mar 10 on the sidelines of the visit of Georgian President Mikhail Saakashvili to the United States.

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has withdrawn the MARC-1ID(bg)/AA-ID(bg) ratings on Mulpha International Bhd's RM75 million Bank Guaranteed MUNIF with immediate effect.

The rating withdrawal was following the cancellation of the programme as confirmed by the facility agent, AmInvestment Bank Bhd, it said in a statement on Friday, Mar 11.

KOTA KINABALU: A special task force will be set up to deal with abandoned housing projects nationwide, Deputy Housing and Local Government Minister Datuk Lajim Ukin said.

KUALA LUMPUR: Syarikat Prasarana Negara Bhd (SPNB) said the costs for the extensions of the Kelana Jaya Light Rail Transit (LRT) line and the Ampang LRT line would not exceed the RM7 billion budget.

BEIJING: China's real estate investment rose 35.2% in the first two months from a year ago, up from a 33.2% pace for all of 2010, the National Bureau of Statistics (NBS) on Friday, Mar 11.

Deep value, strong upside potential

SHAH ALAM: Naza TTDI Sdn Bhd, the property development arm of the Naza Group, plans to launch 18 projects with a total gross development value (GDV) of RM1.6 billion around the Klang Valley this year.The launches include new developments as well as new phases at its ongoing developments, group managing director SM Faliq SM Nasimuddin said at a briefing yesterday.

KUALA LUMPUR: Hong Kong was the most expensive office location in the world last year.

KUALA LUMPUR: Phase 1 of The Galleria @ Klang Sentral, a lifestyle mall project by Titijaya Group, has hit a take-up rate of 50% since its preview in December last year.