LONDON: Prime central London rents have fallen 2% year-to-date (YTD), pushed down further by the 0.3% decline in November from last year. However, London’s rents are expected to rise 2% in 2014, according to Knight Frank’s Prime Central London Rental Index published for November 2013. For the past 18 months, prime central London rents for luxury homes have been declining or remaining flat.

PETALING JAYA: Tropicana Corp Bhd (previously known as Dijaya Corp Bhd) recently unveiled the RM500 million Paloma Serviced Residences and Courtyard Villas, the latest phase of Tropicana Metropark in Subang, Selangor.

PETALING JAYA: Bandar Rimbayu’s first semi-detached houses are scheduled to be launched in February, said IJM Land Bhd chief executive officer Datuk Soam Heng Choon. He was speaking on Tuesday at the launch of The Arc, a private park in the heart of the township that includes an elevated green roof deck designed to accommodate Malaysia’s tropical weather.

KOTA BARU: Sara-Timur Urban Development launched its two-tower condominium project, Prima Lagenda Lifestyle Apartments, on Nov 27 and 80% of Tower A has been booked. The condominium is within the 40-acre (16.18ha) RM1.2 billion Lagenda Tunjong integrated development that Sara-Timur is developing in partnership with Perbadanan Menteri Besar Kelantan and Tunjong Development Corp.

KULAIJAYA: Genting Simon Sdn Bhd showcased the second phase of Johor Premium Outlets (JPO) featuring an additional 40 shops of a total of 120 stores during a media visit on Tuesday. The new retail space makes up 100,000 sq ft.

SINGAPORE: Singapore-listed GSH Corp Ltd, which is majority owned by Singapore’s “popiah king” Sam Gooi, is acquiring a 2,431 sq ft tract of prime land in Jalan Kia Peng, Kuala Lumpur, for RM132.4 million or RM2,121 per sq ft.

KUALA LUMPUR: Ivory Properties Group Bhd’s proposed acquisition of the property assets of the abandoned Plaza Rakyat project in Kuala Lumpur for RM400 million will be delayed for another three months.

A DREAM home in Portugal is becoming a golden ticket for wealthy Chinese, where property assets can also yield a prized residence permit allowing them to travel and do business across Europe.

JAKARTA: Lippo Group expects property sales growth to slow to 15% in Indonesia next year, down from 25% to 30% in 2013 and in line with a slowdown in the economy, the chief executive of Indonesia’s biggest property developer by assets said.

HONG KONG: Moody’s Investors Service said Guangzhou R&F Properties Co Ltd’s acquisition of six land parcels in Johor Baru for 8.5 billion yuan (RM4.5 billion) has negative implication for its credit profile.