KUALA LUMPUR: Tujuan Gemilang Sdn Bhd — the developer of PJ Trade Centre (PJTC) in Damansara Perdana, Petaling Jaya — is looking to sell Point92, its latest office building project en-bloc.

Located near PJTC, the leasehold 0.92-acre leasehold project with an indicative gross development value (GDV) of RM95 million is expected to be completed by June 2012.

Dijaya Corporation Bhd, the master developer of the Tropicana Golf and Country Resort development in Petaling Jaya, is looking to launch two new freehold townships in the southern part of Klang Valley this year — one in Cheras and another in Balakong.

Offices on the fringe put pressure on city rents
Decentralised offices on the fringes of the Kuala Lumpur city centre are giving those in the city centre a run for their money as supply and demand continue to grow.

Demand boost from new projects nearby

The Lunar Year of the Wood Rabbit will bring good fortune to Johor Baru, Penang and Kuala Lumpur, according to feng shui readings by Joe Choo, president of the Malaysian Institute of Sciences (MINGS).

Relocating abroad, or upgrading to a bigger house? Or perhaps you’ve just received the keys to a newly completed property. At this juncture, you are faced with selling your property and making a capital gain, or renting it for continuous rental income.

LONDON: Central London office rents are expected to see strong growth over the next two years, driven by a lack of supply of quality space, according to Knight Frank which hosted its annual Central London office market breakfast at The Dorchester, London on Tuesday, Feb 1.

KUALA LUMPUR: The Securities Commission (SC) has publicly reprimanded valuer Noraini Jaafar Sidek and valuation firm Messrs Raine & Horne International Zaki + Partners Sdn Bhd (RHIZP) over a submission with did not comply with the regulator’s asset valuation guidelines.

KUALA TERENGGANU: The Terengganu government has asked the Drainage and Irrigation Department (DID) to conduct an in-depth study to find the best approach or system to overcome coastal erosion in the state.

CAIRNS (Australia): Police turned desperate people away from overcrowded shelters in northeastern Australia on Wednesday, Feb 2 as one the most powerful cyclones in the country's history bore down on a string of popular tourist cities lining the coast.