SYDNEY: Australian developer Lend Lease has won the right to carry out the first stage of a A$6 billion (US$5.3 billion) facelift planned for Sydney's waterfront, which is billed as Australia's answer to New York's Central Park.

TAMPIN (Negri Sembilan): The findings of a study on dangerous hill sites including landslide prone areas in the Klang Valley, have been submitted to the local authorities responsible for further action.

Works Minister Datuk Shaziman Abu Mansor said local authorities can now identify and carry out remedial works in the areas identified to ensure public safety.

Petaling Jaya grew out of a rubber estate in the early 1950s. Once a satellite town, it expanded rapidly and became a city in 2006.

The Malaysian construction industry lacks skills, declares Dinesh K Nambiar, managing director of WTW Bovis Sdn Bhd. The company is the Malaysian entity of Bovis Lend Lease, a global project and construction management company operating in more than 30 countries worldwide.

The property auction market in the Klang Valley is expected to stay quiet till 2Q2010 as prospective bidders take year-end breaks or mull the fixed 5% Real Property Gains Tax (RPGT), auctioneers say.Auction Data Sdn Bhd CEO Gary Chia says investors, especially institutional buyers, tended to be less active at this time of the year.

When the government decided to impose the 5% real property gains tax (RPGT), the move did not go down well with house buyers, long-time property owners, some developers and those promoting Malaysian real estate overseas.

We want to establish ourselves as one of Malaysia’s top 10 developers in three years,” announces Yeoh Soo Ann, group CEO of Encorp Bhd.

Terrific and very elegant, an idea that has not been seen before…” — thes

Fancy owning a house which will be featured in a Hollywood movie? Doug Liman, director of blockbusters such as The Bourne Identity, Mr & Mrs Smith and Jumper, recently shot a scene for his upcoming film, titled Fair Game, in one of the bungalows at Country Heights Damansara,in Petaling Jaya, Selangor.

Small is beautiful” seems to be the new mantra for the property sector. Until the property crash in 2008, brought on by the collapse of  Lehman Brothers, luxury apartments with sky garages and yacht berths as well as multimillion-dollar penthouses of 10,000 sq ft were in fashion.