BLACKSTONE Group LP, which has put US$1 billion (RM3.21 billion) of equity into Asian real estate this year, says it’s poised for more deals in the region as maturing funds sell assets and banks retreat amid new regulations.

PETALING JAYA: In yet another move to apply pressure on residents of Kampung Hakka in Mantin, Negeri Sembilan, developer Mega 9 Development Sdn Bhd yesterday cordoned off the area in the village that will be involved in its development project.

KUALA LUMPUR: While it believes buying appetite will return to the real estate market in the first half of next year (1H14), CIMB Research continues to be cautious on commercial properties given the existing glut in office space.

KUALA LUMPUR: Just a year after its maiden foray into Rawang, unlisted DA Land Sdn Bhd is taking on another project — a RM5 billion commercial development on a 51-acre (20.63ha) land parcel in the same area.

The company said in a statement yesterday that the mega project is set to transform Rawang and change the development landscape in the northern corridor.

LONDON’s status as a magnet for foreign property investment was burnished in the years after the financial crisis by an investor-friendly tax regime and the falling value of the pound. That may be changing.

MAYBANK ISLAMIC BHD will eventually enable its Foreign Currency Offshore Property Financing-i (FCOPF-i) instrument to fund property purchases outside its current market in Zones 1, 2 and 3 in London. The portfolio limit of FCOPF-i is £100 million, which will comprise a combination of customer deposits and interbank funding.

LONDON: Britain will impose capital gains tax on foreign investors selling homes that are not their primary residence from 2015, finance minister George Osborne said yesterday as the government moved to curb soaring house prices in London.

PETALING JAYA: Many businesses have been found to have misused the Temporary Occupation Licences (TOLs) issued in Cameron Highlands, the Auditor-General's Report 2012 revealed.

These businesses include homestays, commercial and residential buildings as well as farms that have sprung up on the highlands over the years.