IPOH: Beginning Friday (Jan 1), flat, apartment and condominium owners here will only have to pay assessment rate of 10%.

Mayor Datuk Roshidi Hashim said the new rate would take effect on the first day of 2010 following a decision by the state government recently.

DUBAI: Burj Dubai, the world's tallest building by Emaar Properties, set to be inaugurated on January 4, 2010 to mark the fourth anniversary of the Accession Day of Sheikh Mohammed Bin Rashid Al Maktoum as the Ruler of Dubai, is setting new trends as well as world records in elevator and escalator installation and operation, Emirates News Agency (WAM) reported Thursday.

KUALA LUMPUR: Ireka Corporation Bhd is subscribing for a 30% stake in the enlarged capital of World Trade Frontier Sdn Bhd (WTF) to undertake the proposed development of a piece of property along Jalan Kia Peng here.

KUALA LUMPUR: Four companies have again sought a court ruling to enforce four conditional sale and purchase agreements (SPAs) signed in 2003, requiring Gopeng Bhd to dispose of 885 ha of plantation land in Kota Bahroe Group Estate, Perak for RM37.15 million.

KUALA LUMPUR: Penang-based developer Ivory Properties Group is set to launch the first phase of The Peak known as The Peak Residences in Penang in 1Q2010. The Peak is located at the foot of Mount Erskine in Tanjung Tokong. The 13.7-acre project has a gross development value of RM400 million.

PETALING JAYA: Ho Hup Construction Co Bhd’s proposed sale of two parcels of land was passed with a 60.06% majority in an extraordinary general meeting (EGM) on Thursday, Dec 31.

KUALA LUMPUR: CIMB Group Holdings Bhd announced on Dec 30 that it is disposing 65 properties to the Employees Provident Fund (EPF) for RM302.5 million as it is not in the business of owning properties.

The group is expected to gain up to RM171 million from the disposal, it said in a filing to Bursa Malaysia.