PETALING JAYA: Land and General Bhd (L&G) is planning for a mixed development with an estimated gross development value (GDV) of RM450 million on a 2.6-acre land on Jalan Ampang, Kuala Lumpur, which it proposed to acquire.

KOTA KINABALU: State Local Government and Housing Minister Datuk Hajiji Mohd Noor has called on the town planners to adopt a people-centric approach in pursuing sustainable development.

He said this was in line with the concept of 1Malaysia, which prioritised the interest of the people above all else.

KUALA LUMPUR: The goverment is targeting the country's real gross domestic product (GDP) to grow 5.5% per annum  in 10th  Malaysia Plan from 2011 to 2015 or RM670.8 billion, according to the Economic Planning Unit.

SHAH ALAM: The Selangor government has given Talam Corp Bhd three months to settle a total of RM391 million in debts owing and due to the state for its failure to deliver on a number of projects, said Menteri Besar Tan Sri Khalid Ibrahim.

BEIJING: China’s housing prices jumped the most in 14 months in October amid concern that this year’s record lending may create asset bubbles.

Housing prices in 70 major cities rose 3.9% in October from a year earlier, the statistics bureau said on its website on Nov 10.

PENANG: Penang Regional Development Authority (Perda) chairman Datuk Azhar Ibrahim said there was no truth in what was claimed by the Penang government on a proposed development plan in Balik Pulau.

SHAH ALAM: Certain industrial and older housing enclaves in Petaling Jaya (PJ), Klang and Kajang have been identified for redevelopment in a bid by the Selangor state government to enhance their land value and to create a stimulus for the state.

KUALA LUMPUR: Kejuruteraan Samudra Timur Bhd (KSTB) sold its 5-storey office and shop in Bangsar Utama to Lipids Terminal Sdn Bhd for RM3 million.

In a filing to Bursa Malaysia on Nov 9, its wholly-owned subsidiary, Samudra Timur Sdn Bhd, had on Nov 6 signed a sale and purchase agreement with Lipids Terminal to dispose of the unit, measuring approximately 1,808 sq ft.

KUALA LUMPUR: Demand for office space is on the rise as vacancies in core districts in Hong Kong start to drop. Rents are also showing a rise in September following narrowing rental declines for three consecutive months, according to Knight Frank in its Hong Kong Prime Office monthly report for October 2009.

KUALA LUMPUR: Tiong Nam Logistics Holdings Bhd acquired three parcels of land, totaling 130,998 sq ft, in Melaka Tengah for RM2.1 million.