KUALA LUMPUR: Zecon Bhd has inked a sale and purchase agreement with Effiway Corporation Sdn Bhd to acquire a parcel of 2,340 sq m freehold land together with a nine-storey building in Section 5 KTLD, Jalan Satok, Kuching for RM13.2 million.

KOTA BARU: A Universiti Malaysia Kelantan principal fellow today pointed out that the "cut and paste" method was being used to portray the arts in buildings in Kelantan.

JAKARTA: Two people were killed and scores feared buried under the rubble when an extension building to a shopping mall in Tanah Abang collapsed Dec 23.
The Malaysian embassy here was closely monitoring search and rescue work at Tanah Abang, a popular shopping area for Malaysians visiting the Indonesian capital.

BEIJING: China's steel industry association lauded the achievements of the sector after a year spent berating its members for ignoring market signals and "blindly expanding capacity".

KUCHING: The Sarawak Tourism and Heritage Ministry will assist shop owners in Gambier Street here, whose pre-war premises were gutted by last night's fire, to renovate the buildings as part of the Kuching Waterfront
expansion project.

PETALING JAYA: Island & Peninsular Group Sdn Bhd (I&P Group), the master developer of Bandar Kinrara Puchong, Selangor has launched an exclusive 8-unit semidee project (pictured) dubbed Awana8 at Phase 5A3 of the township.

KUALA LUMPUR: Abric Bhd is disposing of a property in Petaling Jaya for RM20.8 million cash, in line with the group’s objective of unlocking the values of assets not currently used in its core business of security seals.

SEOUL:  Apartment prices in the capital Seoul rose 23.7 percent in the first nine months of the year, South Korean government data released for the first time on Wednesday showed, 10 times as fast as a private bank reported earlier.

PETALING JAYA: The proposed land acquisition of the 1.1-acre land on Jalan Tengah in Kuala Lumpur by Hap Seng Consolidated Bhd is an “expensive but strategic” deal, a property consultant said on Tuesday Dec 22.

KUALA LUMPUR: The re-imposition of the real property gains tax (RPGT) will not severely affect the property market, says Valuation and Property Services Department Director-General Datuk Abdullah Thalith Md Thani.

He says the local property market was still very much a "buyers' market" and the RPGT, to be reinstated on Jan 1, 2010, actually affected sellers.