KUALA LUMPUR: Sunway City Bhd (SunCity) aims to list its real estate investment trust (REIT) this year, said managing director for property investment Ngeow Voon Yean.

The listing of the REIT with an estimated value of between RM3 billion and RM4 billion would however depend on the recovery in the economy, he said.

LOS ANGELES: When a property developer pulled out of a planned 65-home subdivision in Portland Oregon in 2008 because of the collapsing real estate market, a conservation group saw an opportunity.

KUALA LUMPUR: Despite initial concerns from the Brickfields community over the Traffic Dispersal System (under the Federal Government's stimulus package) for the area and KL Sentral, dialogues held between the community and Malaysian Resources Corp Bhd (MRCB) and City Hall (DBKL) have been constructive, Datuk Raja Nong Chik Datuk Raja Zainal Abidin, Minister of Federal Territories and Urban Wel

KUALA LUMPUR: MK Land Holdings Bhd has resolved to undertake a rights issue of equity linked instruments to raise gross proceeds of at least RM150 million.

The property developer said on Jan 14 the proceeds of the rights issue would be used to partly repay bank borrowings and/or working capital.

KUALA LUMPUR: Four Seasons Resort Langkawi (pictured) in Pulau Langkawi, Kedah, has been named Malaysia’s best resort for its “Excellence in Hotel Services” in the 5-star (resort) category at the 16^th Malaysia Tourism Awards 2008/09 during a gala awards dinner held on Jan 9, 2010.

HONG KONG/BEIJING: China is determined to curb sharp rises in property prices to prevent asset bubbles, deploying a combination of credit tightening measures, increasing supply of affordable housing and verbal suasion.

KUALA LUMPUR: Beijing’s increase of banks’ reserve ratio “will not likely impact immediately the real estate market though uncertainties in the sector are growing,” analysts told the Shanghai Daily.

MANILA: The head of the Asian Development Bank warned it was too early for Asian countries to end stimulus policies started during the financial crisis and said he saw no big risk of price bubbles in China, according to Reuters.

Haruhiko Kuroda said on Jan 14 that policymakers still needed to restore demand and stabilise financial systems to support the economic recovery.

NEW YORK: Stuyvesant Town and Peter Cooper Village debt holders demanded payment from Tishman Speyer Properties LP and BlackRock Inc within 10 days, a step toward foreclosing for New York’s largest apartment complex, said two people familiar with the matter.