KUALA LUMPUR: A company owned by an executive with links to former Metroplex Bhd’s major shareholders has taken control of some 100 acres (40.46ha) of land at the foot of Genting Highlands after a controversial court convened meeting of scheme creditors last Friday.

SINGAPORE: Singapore-listed Albedo Ltd has agreed to buy an additional six parcels of land from a company majority owned by Malaysian tycoon Tan Sri Danny Tan in a move that will increase the size of the reverse takeover (RTO) deal by more than twofold from S$774 million (RM1.99 billion) to S$1.86 billion.

AFTER rapid gains, some of the hottest housing markets in the United States look like they are starting to roll over.

I WANTED to build iconic buildings,” Danny Koek Tiang Kung, executive chairman and group managing director of DK Group, tells City & Country in a recent interview.

SELAYANG is a mature township that is very different from the likes of Subang Jaya, Puchong and Kajang. Located a mere 15 to 20 minutes from the KL city centre, it is hard to believe how tranquil the area is. Fringing the green belt of the Forest Research Institute of Malaysia (FRIM), development here is dispersed and housing is carved out according to the slopes of the hills.

PETALING JAYA: The CBRE Student Housing Index reports that regional towns in the UK have shown an average rental growth of 3.51% for 2012/13, while London is still seeing a rental growth of 20% for its third consecutive year.

PETALING JAYA: Naza TTDI Sdn Bhd’s Matrade Exhibition Centre won the “World’s Best” award in the Public Service Development category at the International Property Awards ceremony held in London on Dec 9.

KUALA LUMPUR: Rental rates in Sungei Wang Plaza will not be affected after its 12-month long refurbishment costing RM30 million. This was revealed by complex manager FK Tang at a media launch on Dec 6.“I would say rents will remain status quo because the refurbishment is still new.

PETALING JAYA: Bukit Kiara Properties Sdn Bhd (BKP) has started to hand over the final tower, Vox Tower, of its Verve Suites Mont’Kiara development to 250 homeowners.

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.