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Firms squeezed out as rents soar in Central

HONG KONG: Government plans to increase the supply of commercial land outside prime areas are unlikely to help ease soaring office rentals in the core office district in Central, property developers and analysts say.

Polo club sets exclusive tone at luxury Tianjin mini-city

TIANJIN: A massive complex now under construction in Tianjin and including business, residential, sporting and commercial developments is monumental in both scope and scale.

The first phase of the development, which is located in Tianjin's Binhai hi-tech park, is the 1.6 billion yuan (RM739.72 million) Tianjin Goldin Metropolitan Polo Club and Hotel.

Beijing cools to foreign inflows

BEIJING: The total number of foreign-invested real estate enterprises approved by the mainland government fell 39% to 78 last month, after it tightened the flow of foreign investment into the property sector.

Bill to tackle building woes

KUALA LUMPUR: The construction industry may soon see a major change in the way non-payment issues are resolved. Issues of cash flow shortage or non-payment of progress billings that often plague the industry may be reduced in the future when a Bill to regulate the payment is passed by Parliament.

I-Bhd to invest RM50m to woo more visitors to i-City

KUALA LUMPUR: I-Bhd, an integrated ICT-based developer, will invest RM50 million over the next five years to fit in more attractions for tourists in the i-City, a technology-based township in the Klang Valley.

Legoland Malaysia set for 2012 opening

JOHOR BAHRU: The development of Legoland Malaysia in Iskandar Malaysia by IDR Resorts and Merlin Entertainments is gathering momentum for its grand opening in 2012.

Bina Puri JV wins RM47.16m worth of projects

KUALA LUMPUR: TSSB-BPSD JV — a 60:40 joint venture between Tim Sekata Sdn Bhd ("TSSB") and Bina Puri Sdn Bhd ("BPSD"), a wholly-owned subsidiary of Bina Puri Holdings Bhd — has secured two new projects worth RM47.16 million.

Schools to champion green technology

MIRI: The association of Independent Power Producers of Malaysia (Penjanabebas) launched the first of its Green Schools Campaign at SMK Lutong.

The campaign is aimed at creating awareness for green and sustainable technologies amongst schools through the installation of grid-connected building integrated photovaltaic (BIPV) systems at schools.