KUALA LUMPUR: Teo Guan Lee Corporation Bhd said on Friday, Oct 15 that it intends to sell a parcel of land in Penang, together with the building atop of it for RM750,000.

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KUALA LUMPUR: Malaysia's Budget 2011 was tabled in Parliament by Prime Minister Datuk Seri Najib Abdul Razak on Friday Oct 15.  Below are proposals related to the property-sector.

KUALA LUMPUR: The government has taken various initiatives to improve the public transport system to make it comprehensive and efficient, according to the Economic Report 2010/2011 released on Friday, Oct 15.

In this context, improving urban public transport has been identified as one of the National Key Result Areas (NKRAs).

KUALA LUMPUR: Tune Hotels announced on Friday, Oct 15 that there will be another 1,023 rooms added to Tune Hotels via its partnership with Red Planet Hotels, an emerging Asian hotel investment company.

These rooms will be spread across six hotels built in Jakarta, Bangkok and Pattaya in Thailand, as well as the Philippines’ Angeles City and two more in Manila.

KUALA LUMPUR: Thirty-nine European companies have confirmed their participation in the International GreenTech and Eco Products Exhibition Malaysia (IGEM 2010), bringing the total number of exhibitors to 265.

These companies come from nine European Union (EU) countries, namely Austria, Denmark, France, Germany, Greece, Italy, the Netherlands, Poland and Portugal.

KUALA LUMPUR: Cathay Pacific unveiled its new lounge at Hong Kong International Airport on Thursday, Oct 14. The lounge is designed by by Foster + Partners, an international architecture, planning and design firm.

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Second wind from NAV expansion

KUALA LUMPUR: In an effort to ensure every citizen owns a residential property, the government has proposed stamp duty exemption on instruments of transfer and loan agreements for residential property.

TAIPEI: Taiwan officials said on Friday, Oct 15 they planned to resume construction of affordable housing after an 11-year hiatus, another step to offset rising home prices that have kept average income earners out of the market.

KUALA LUMPUR: Bina Puri Holdings Bhd has been appointed at The Haven's joint venture (JV) main contractor with Beijing Construction Engineering Group.

The Haven, which is being developed by Superboom Projects Sdn Bhd, is set to be Perak's most luxurious condominium project.