The Manhattan Loft Corp (MLC) CEO Harry Handelsman is a driven man, and he loves his work in property development. “There is an opportunity to make a difference.

A poll by KGV Lambert Smith Hampton on selected developers in Johor shows that most believe the Johor housing market will be positive in 2010. They cited two main reasons — the spill over effect of Singapore’s Integrated Resort (IR) developments, and growing confidence in the market among investors and buyers.

KUALA LUMPUR: The Malaysian government  has announced the redevelopment of Kampung Baru in the heart of the city under a concept which, among other things, does not require relocation of the residents or land owners.

On Christmas eve, Mah Sing Group Bhd announced that it was selling en bloc the East Wing of The Icon@Tun Razak, this time for RM226.5 million or RM860 psf (based on net lettable area of 263,4

What's in store for 2010

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The city's major brokerage firms reported that prices in 4Q2009 in the Manhattan property market had decreased from a year ago while sales had risen. I expect this trend to continue into early 2010.

GEORGE TOWN: E&O Bhd anticipates sales of between 40% and 50% of its Quayside seafront luxury condominiums in the next one to two months.

E&O managing director Datuk Terry Tham said at least 110 units or 30% of the 298 units of the first block have already been booked by prospective buyers since the soft launch of the project. Its official launch is on Sunday Feb 7.

KUALA LUMPUR: Main board listed tertiary educator, Seg International Bhd. or Segi International (Segi) through its wholly owned subsidiary Metromas Realtors Sdn Bhd has signed an agreement with Upaya Jernih Sdn Bhd (Upaya) to develop and build a variety of buildings in Kota Damansara, Selangor.

KUALA LUMPUR: Main-board listed Encorp Bhd. has established an Australian subsidiary named Encorp Development Pty Ltd for property development.

According to a statement to Bursa Malaysia on Friday Feb , the company said that the new subsidiary in Australia has an issued and paid-up share capital of AUD100 comprising 100 ordinary shares of AUD1.00 each.