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City & Country: Foreign briefs

CapitaLand’s Beaufort in Beijing 95% soldCapitaLand says Beaufort , its latest high-end residential project in Beijing, is nearly all taken up, following its launch late last month.

Sime Darby Property is No 1

PETALING JAYA: The Edge Top Property Developers Awards 2009 has ranked Sime Darby Property Bhd (SDP) the No 1 property developer in the country. The overall second spot went to S P Setia Bhd, which was in the number one position the last four years.

Approval process for PWD projects shortened

KUALA LUMPUR: Approval for projects managed by the Public Works Department (PWD) will be shortened to 14 days instead of the three to five months it took previously.

Works Minister Datuk Shaziman Abu Mansor said yesterday the decision to shorten the period was made at the meeting of the National Council for Local Authorities on Sept 17 and took effect immediately.

Government to review guidelines for demolition works

KUALA LUMPUR: The government will review current guidelines for building demolition works, Housing and Local Government Minister Datuk Seri Kong Cho Ha said last night.

Kong said recent incidents of buildings collapsing during demolition works were of great concern to the government and should be a wake-up call for the building industry.

SMEs could drive the UAE’s real estate growth

DUBAI: With small and medium enterprises (SMEs) accounting for approximately 80% of the United Arab Emirates’ economic activity, SMEs could drive demand for both office space and affordable residential property in the country provided they are able to secure bank loans to finance their business and provide working capital and investment for growth, said an industry expert in a press release fro

The Dubai Mall attracts 30 million visitors since opening

DUBAI: Since opening its doors in November 2008, The Dubai Mall, the world’s largest shopping and entertainment destination, has attracted 30 million visitors, Emaar Properties said in a press release dated Oct 5. The Dubai-based Emaar Properties PJSC is one of the world's largest real estate companies.