KUALA LUMPUR: The Institution of Engineers Malaysia (IEM) has objected contentious proposed amendments to the Valuers, Appraisers and Estate Agents Act 1981 (VAEA Act 1981) on the basis that it would exclude engineers from practicing building and facilities management, which required a high level of skill and training.

WCT: Company update

? 25+10 year BOT. WCT, via a 70:30 JV with Malaysia Airports, has been awarded by Malaysia Airports a 25+10 year Build-Operate-Transfer (BOT) concession for a new “Integrated Complex” at the Kuala Lumpur International Airport 2 (KLIA2).

WCT Berhad  Maintain BUY
BOT for a new LCCT for up to 25 years concession

HONG KONG: China's property developers may face further price cuts of up to 10% in major cities in the next 12 months, says Standard & Poor's Ratings Services.

It said on Monday, Oct 11 that despite the sector volatility and regulatory uncertainty, the developers appear to be in a healthier position to withstand such challenges compared with the downturn of 2008.

KUALA LUMPUR: PJ Development Holdings Bhd (PJD) is expected to launch an integrated development project with gross development value (GDV) of about RM750 million in Cheras mid-2011, said its managing director Wong Ah Chiew.

LONDON: London has captured 27% of all cross-regional investment transactions worth over 6 million euros during 2009 and the first half of 2010 (1H2010), according to a statement by CB Richard Ellis (CBRE).

HONG KONG: About 60% of the people in Hong Kong have no hope of buying any property in the next 10 years if prices remain at existing levels.

New-Age Portfolio Sdn Bhd, a new boutique developer headed by its CEO Lai Yeng Fock, recently sold every unit of its first project — Kinrara Hills in Bandar Kinrara. And that was without even having an official launch.

Many people have lived in Kuala Lumpur all their lives while others, like me, are migrants. I moved here while I was a teenager. What a change the city has gone through over the years.

There is hardly any traffic on the  37km stretch of highway from Zhengzhou airport to the city centre.