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.

All this talk about an impending energy shortage in Malaysia and the drive to set up not one but two nuclear power plants has compelled me to explore in greater detail photovoltaic (PV) cells, a clean technology which has made tremendous progress over the years in terms of efficiency and affordability.Solar PV, where the sun’s rays are converted into electricity, is the fastest growing power-ge

SHAH ALAM: Naza TTDI Sdn Bhd is on the look-out for merger and acquisition (M&A) candidates in a bid to become one of the top 10 property development companies in the next three years.

The company, founded by the late Tan Sri SM Nasimuddin SM Amin, is also keen on getting a slice of the mass rapid transit (MRT) project.

KUALA LUMPUR: Hong Kong was the most expensive office location in the world last year. Occupancy cost per workstation in Hong Kong's prime district of Central and Admiralty rose by 31% year-on-year driven by a surge in prime rents due to high demand and space shortage, according to the annual DTZ Global Occupancy Cost: Office Survey 2010 released recently.

KUALA LUMPUR: The Real Estate and Housing Developers' Association of Malaysia (Rehda) 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.

KUALA LUMPUR: Berjaya Land Bhd's (BLand) wholly-owned subsidiaries Berjaya Vacation Club Bhd (BVC), BVC (Cayman) Ltd and BVC India have entered into a conditional share purchase agreement with Auromatrix Hotels Private Ltd (AHPL).

The agreement was for the proposed disposal by BVC and BVC Cayman collectively of 100% equity interest in BVC India to AHPL for RM15.06 million.

KUALA LUMPUR: Gefung Holdings Bhd is making its foray into the property development industry with first project in East Jakarta, Indonesia.

It had on Thursday, Mar 10 entered into a Memorandum of Understanding (MOU) with PT Greenworld Development (Greenworld) to undertake a mixed development project in East Jakarta, Indonesia, it said in a press release on the same day.

KUALA LUMPUR: Construction firm Ahmad Zaki Resources Bhd's (AZRB) subsidiary was awarded an RM145.39 million contract.

KUALA LUMPUR: Property developer Selangor Dredging Bhd is purchasing a piece of freehold land in London, together with properties atop of it, through its indirect subsidiary for £9.83 million (RM48.34 million).