NEW ideas and youthful enthusiasm are expected to be infused into property developer Mutiara Johan Group’s operations with the sons of its founders coming on board.

INDIA: India’s information technology capital, Bangalore, has now topped the country’s luxury home market spurred by the consistent job creation.According to Om Ahuja, Jones Lang LaSalle India’s chief executive officer of residential services, one of the major factors driving real estate in Bangalore is the consistency of job creation, which surpasses all other Indian cities.

VIETNAM: The office market in Ho Chi Minh City and Hanoi has seen improved occupancy rates but average asking rates are different in the two cities, according to CB Richard Ellis (CBRE) Vietnam Market View’s report for the first quarter.

KUALA LUMPUR: Residents of Bina Puri Norwest Sdn Bhd’s (BPN) Laman Vila development in Segambut next to Mont’Kiara can expect to have better and smoother accessibility in the future. The RM108 million Laman Vila is jointly developed by Bina Puri Holdings Bhd and Norwest Holdings Sdn Bhd. The development comprises 22 garden villas and a condominium block.

KEDAH: Country Heights Holdings Bhd’s Belleza Garden Homes in Jitra, Kedah has seen a take-up rate of 70% for its second phase since its launch in June 2013.The nine-acre (3.64ha) project, which comprises 2-and 3-storey link homes, has a total gross development value (GDV) of RM39 million with prices ranging from RM361,000 to RM566,000.

KUALA LUMPUR: Low Yat Group’s development Shiki Niseko on Hokkaido Island in Japan has teamed up with Japanese hot spring hotel Moku No Sho by established Japanese resort provider Tsuruga Group to mutually promote their establishments and tourism on the island.

KUALA LUMPUR: More than 5,000 registrants have signed up to attend the preview of YTL Land & Development Bhd’s Midfields 2 at Starhill Gallery in the city centre this weekend. Midfields 2 is a 9.26-acre (3.75ha) condominium project in Jalan Besi Kawi, off Lebuhraya Sungai Besi. The leasehold development comprises three 21-storey blocks with 792 units.

KUALA LUMPUR: Eco World Development Group Bhd is likely to propose a major rights issue and the acquisition of property assets worth about RM2 billion from private vehicles controlled by its major shareholders today, said sources.

KUALA LUMPUR: Century Logistics Holdings Bhd aims to grow its local supply chain solutions business, with a focus on its core competency of logistics.

KUALA LUMPUR: UEM Sunrise Bhd has set a lower revenue growth target of 20% for the current financial year ending Dec 31, said chairman Tan Sri Dr Ahmad Tajuddin Ali.

Last year, the company fell slightly short of its 30% revenue growth target after having decided to defer some of its property launches to adapt to the changing market conditions.