KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has withdrawn the MARC-1ID(bg)/AA-ID(bg) ratings on Mulpha International Bhd's RM75 million Bank Guaranteed MUNIF with immediate effect.

The rating withdrawal was following the cancellation of the programme as confirmed by the facility agent, AmInvestment Bank Bhd, it said in a statement on Friday, Mar 11.

KOTA KINABALU: A special task force will be set up to deal with abandoned housing projects nationwide, Deputy Housing and Local Government Minister Datuk Lajim Ukin said.

KUALA LUMPUR: Syarikat Prasarana Negara Bhd (SPNB) said the costs for the extensions of the Kelana Jaya Light Rail Transit (LRT) line and the Ampang LRT line would not exceed the RM7 billion budget.

BEIJING: China's real estate investment rose 35.2% in the first two months from a year ago, up from a 33.2% pace for all of 2010, the National Bureau of Statistics (NBS) on Friday, Mar 11.

Deep value, strong upside potential

SHAH ALAM: Naza TTDI Sdn Bhd, the property development arm of the Naza Group, plans to launch 18 projects with a total gross development value (GDV) of RM1.6 billion around the Klang Valley this year.The launches include new developments as well as new phases at its ongoing developments, group managing director SM Faliq SM Nasimuddin said at a briefing yesterday.

KUALA LUMPUR: Hong Kong was the most expensive office location in the world last year.

KUALA LUMPUR: Phase 1 of The Galleria @ Klang Sentral, a lifestyle mall project by Titijaya Group, has hit a take-up rate of 50% since its preview in December last year.

KUALA LUMPUR: The average occupancy costs of prime office space in the Asia-Pacific region are expected to grow by an average annual rate of 3.7% to 2015, driven by above average increases in low cost locations such as China and India, according to the annual DTZ Global Occupancy Cost: Office Survey 2010.The real estate consultancy’s report also forecasts that growth in occupancy costs in Asia

KUALA LUMPUR: The Real Estate and Housing Developers’ Association (Rehda) Malaysia expects property prices to increase by up to 20% in the next six months on higher material and land costs, its president Datuk Seri Michael Yam said. Yam noted that building material cost increased by between 5% and 10% annually.