KUALA LUMPUR: Hotel room prices in the Asia Pacific region have risen by 15% in 3Q from 1Q2004, the highest internationally on higher demand for accommodation, said Asia Pacific vice president and managing director Johan Svanstrom in a statement on Tuesday, Dec 14.

HONG KONG: Morgan Stanley will shut down its real estate investment operations in South Korea by the end of the year to focus on other Asian markets, sources close to the company said on Tuesday, Dec 14.

Morgan Stanley Real Estate Investing would close its Korean operations, manned by 10 people, after investing in the market for more than 10 years, the sources said.

KUALA LUMPUR: The Naza brothers — SM Nasarudin SM Nasimuddin and SM Faliq SM Nasimuddin — have both resigned from the board of Kumpulan Jetson Bhd, according to the construction company's filing on Bursa Malaysia on Monday, Dec 13.

KUALA LUMPUR: Property developer Bukit Kiara Properties Sdn Bhd (BKP) won the highest recognition award in conjunction with the third Malaysian Business Ethics Excellence Award 2010/2011.

Held on Dec 9, the achievement makes BKP as the country's first and only property development company to win the award thrice in a row. It won the inaugural award in 2006, and subsequently in 2008.

KUALA LUMPUR: Mutiara Goodyear Development Bhd's maiden project in Kajang Nadayu 92 Kajang has achieved 100% take-up on the first day of its launch.

Phase 1 of the 68.6-acre development, comprising 119 units of terrace houses was launched on Saturday, Dec 11.

LONDON: Asking prices for homes in England and Wales have fallen 3.0% 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 on Monday, Dec 13.

South Koreans are the low-hanging fruit. They are very comfortable with Malaysia because [of the existing populace] of Koreans here,” Kumar Tharmalingam tells City & Country.

The New Economic Model and the Economic Transformation Plan are designed to attract investment, both local and foreign, and turn Malaysia into a business destination of choice.

The snow-covered slopes of Japan’s Niseko region on the island of Hokkaido are a mecca for skiers. They are also where property developer AP Land Bhd sees investment potential for its latest development — a high-end ski resort-cum-home complex called Shiki Niseko.

3DReid is one of the UK’s largest architectural firms, born of a merger between 3D Architects and REID Architecture. Its completed projects include the commercial flight Farnborough Airport in the UK; the 254,028.28 sq ft Vanwall Business Park in Maidenhead, UK; and 79-84 High Street in Birmingham, a 3-storey retail landmark that has 43,000 sq ft of net lettable area.