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Prime country house prices in the UK rose in 4Q2009

KUALA LUMPUR: Prime country house prices in the UK rose on the average by almost 2.3% in the fourth quarter of 2009 but 2.6% lower than they were at the beginning of the year, according to the 4Q2009 results from Knight Frank Prime Country House Index.

CIMB Research upgrades property sector to Overweight

KUALA LUMPUR: CIMB Equities Research has upgraded the property sector to overweight as it believes concerns over the 5% real property gains tax (RPGT) are "overblown" and provide investors a window of opportunity to pick up property stocks on the cheap.In a research note issued on Monday, Jan 4, it upgraded the sector from Trading Buy to Overweight and upgraded all developers to Outperform.It s

Hotels in the capital see occupancy rates hit 80% - 90%

KUALA LUMPUR: Malaysian hotel operators are expected to enjoy positive numbers this year after the hospitality industry picked up in the second half of 2009 with a majority of four- and five-star hotels in the Klang Valley seeing occupancy rates hitting 80%.

Decrepit London landmark shows property pain

LONDON: A gust of wind howls around Battersea Power Station, an industrial wasteland by the Thames whose coal-fired furnaces were once used by the Bank of England to burn millions of pounds worth of banknotes.

A couple of tourists who have ventured off the beaten track around Buckingham Palace stand on tiptoe as they strain to photograph the gargantuan structure over a high screen.

Dubai's "superscraper" makes history in hard times

 

DUBAI: Started at the height of the economic boom and built by some 12,000 labourers, the world's tallest building opens on Monday Jan 4, 2010 in Dubai as the glitzy emirate seeks to rekindle optimism after its financial crisis.

New Istana Negara 70% complete

KUALA LUMPUR: The new royal residence along Jalan Duta here is 70% complete and is on track to be completed by November 2010, according to an official with the Public Works Department.