KUALA LUMPUR: Axis Real Estate Investment Trust (Axis REIT) plans to apply for MSC status for its core assets, namely Crystal Plaza, Menara Axis and Quattro West, in order to improve rental traction while offering more options to new tenants, said its CEO and executive director Stewart LaBrooy.

When his father told him of plans to demolish some of the pre-war shophouses he owned to make way for a shopping complex, Ng Ping Ho was quick to make his father change his mind. “I have always wanted to do something long term with old shophouses, and at the same time was inspired by certain backpacker places I have seen overseas,” says Ng.

The preservation of heritage structures can be highly profitable if managed correctly, says James Wong, managing director of VPC Alliance, who believes these pre-war shophouses can be converted into a commercially viable area for tourism-related developments such as boutique hotels, antique shops and arts and crafts showrooms.

The Malaysian Accounting Standards Board (MASB) has decided to adopt what is called IFRIC 15 — agreements for the construction of real estate.Under the new rules, which will become applicable for the accounting period commencing July 1, property developers are to recognise revenue based on the completion method instead of the percentage-of-completion method in current practice.Revenue from prog

Running the residential component of an 8.5-acre mixed development “like a hotel” while overseeing the development of a neighbourhood mall is a challenge that Sally Wong relishes.

The recovery of the world economy remains shaky but several cutting-edge architectural icons planned in better times are coming on stream this year and next.

The Year of the Golden Tiger has brought with it a heat wave that has driven many Malaysians into the comfort of air-conditioned space — day and night — raising electricity usage, and the bills. But did you know that if every house in Malaysia was insulated with mineral wool, some RM2 billion could be saved over 10 years through reduced consumption? That's a cool RM200 million a year.

Delegates to the 3rd Malaysian Property Summit 2010 last Tuesday would have gone home with mixed signals about the market this year. The speakers were generally optimistic, but there was no show of great enthusiasm.

Switzerland is synonymous with the dazzling beauty of the Alps, spectacular ski spots an

The global credit turmoil has struck what was once touted to be the world’s  tallest residential building.