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Naza TTDI launches Viola at TTDI Alam Impian

KUALA LUMPUR: Naza TTDI has launched its latest residential product called Viola at its township TTDI Alam Impian in Shah Alam.

In a press release on Monday, Dec 13, over 95% of 2-storey terraced houses have been booked when it was launched. Viola is the second residential development phase in Alam Impian and it aims to provide an urban living experience for families.

Largest Middle Eastern restaurant to anchor Oasis 9 in Shah Alam

KUALA LUMPUR: Hua Yang Bhd — in partnership with the Majlis Bandaraya Shah Alam (MBSA) — launched Oasis 9, a 2-storey commercial complex in Section 9, Shah Alam recently.

The 30,000 sq ft complex, just five minutes from the Concorde Hotel in Shah Alam, is already 100% tenanted with shops such as boutiques, hair salons, optical shops, and mini kiosks. It also has a food court.  

Prices in England and Wales decline 3% amid uncertainty

LONDON: Asking prices for homes in England and Wales fell 3% over the past month to stand just 0.4% higher than a year ago, due to economic uncertainty and low mortgage approvals, property website Rightmove said.

London firm offers 10-year rent guarantee

LONDON: A British estate agent is offering rental returns guaranteed for 10 years at a London development — the first time an agency has offered such a guarantee for flats sold off-plan in Britain.

Asian investors have bought 80% of the units sold at the development since marketing started late last month.

Equities seen as a better bet in wake of property curbs

HONG KONG: Bullish forecasts for the Hong Kong stock market could lure property traders to the equities market as additional stamp duties and higher initial down payments threaten to squeeze returns from making punts on property.

Vendors advised to adopt new strategies

HONG KONG: New stamp duties and tighter mortgage rules on higher value apartments have blown a wintry chill through the property market and agents do not expect a thaw until the Lunar New Year at the earliest.

So what should owners do if they are looking to sell a property in the present climate?

YTL Group restructures property holdings

KUALA LUMPUR: The YTL group further restructured its property portfolio with the injection of a slew of assets into Starhill Real Estate Investment Trust (Starhill REIT), making it the first full-fledged hospitality REIT in the country.

Hotel division drives TA Global 3Q earnings to RM38.8m

KUALA LUMPUR: TA Global Bhd's net profit for 3QFY11 ended Oct 31 has more than doubled to RM38.75 million from RM17.11 million a year ago mainly due to higher contribution from the hotel division as a result of its recent acquisition exercise.

Higher 3Q pre-tax profit for TA Enterprise

KUALA LUMPUR: TA Enterprise Bhd has posted a higher pre-tax profit of RM36.46 million for the third quarter (3Q) ended Oct 31, 2010, from RM23.25 million chalked up in the same quarter last year.

Revenue rose to RM153.29 million from RM118.225 million in the corresponding quarter.