Latest news

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.

SYDNEY: US private equity firm Blackstone is in talks with Valad Property Group on a possible takeover of the Australian property firm, the Australian Financial Review said on Thursday, Apr 28, citing a source familiar with the negotiations.

Gamuda Bhd (Apr 27, RM3.78)

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) is organising a forum on Malaysia's general investment and property sector
prospects entitled "Invest in Malaysia, Invest in Kuala Lumpur".

KUALA LUMPUR: The High Court here will rule on May 10 regarding the Ladang Bukit Jalil residents’ petition to prevent the Kuala Lumpur Mayor from evicting them from their homes.

CAIRO: An Egyptian court ruled on Tuesday, Apr 26 that a state land sale to Palm Hills Development was illegal and scrapped the contract, sending more alarm through Egypt's battered property sector.

LONDON: Part-nationalised British bank Lloyds is eyeing a deal with the UK's largest listed housing landlord Grainger aimed at restoring the value of Lloyds' housing portfolio which got hit by the credit crisis.

A Lloyds spokesman said on Tuesday, Apr 26  that Grainger had been picked as Lloyds' preferred supplier for its "residential property asset management platform".

RAWANG: All 66 bungalow lots at Peridot Hilltop Residence in the Emerald township in Rawang, Selangor — valued at RM33 million — were sold during the launch last weekend, Apr 23 and 24).

HONG KONG: Prospects of a value-adding facelift to Admiralty's office precinct after the opening of new government headquarters in the area have driven prices of grade-A offices above their previous market peaks in 1994 and 1997.