Residential sales buoyed 1QFY2010 results

PETALING JAYA: The upcoming International Real Estate Symposium (IRES) will deliberate on macro dynamics of real estate markets, enabling the expected 200 participants to feel the pulse of the global industry landscape.

ABU DHABI:  The planned capital district of Abu Dhabi will create more than 100,000 jobs for local residents and house some 370,000 people upon completion, according to the Abu Dhabi Urban Planning Council (UPC)

The 4,500 ha district, which forms a part of the ambitious Plan Abu Dhabi 2030, is located between the international airport and Mohammed Bin Zayed City.

KUALA LUMPUR: Iskandar Investment Bhd will continue to seek long-term global investors and partners to spur the progress of the Iskandar Malaysia growth corridor in Johor.

Mah Sing Group Bhd won four awards at the Asia Pacific Property Awards 2010, the most by a
Malaysian developer this year

KUALA LUMPUR: YTL Corp Bhd's indirect unit Starhill Global REIT Management Ltd (SGRM) is acquiring 1.5 million shares and two class “C” redeemable preference share in YTL Pacific Star REIT Management Holdings Pte Ltd (YPSRMH) for S$40 million (RM93.2 million).

NEW DELHI: UEM Construction Sdn Bhd has signed a deal with India's leading real estate developer Opus Properties Ltd (India) to embark on major infrastructure and building construction projects.

ABU DHABI: Real estate demand in Abu Dhabi’s metropolitan area is expected to increase across all sectors over the next four years, according to Abu Dhabi Urban Planning Council’s (UPC) Abu Dhabi Real Estate Forecast Study, presented at Cityscape Abu Dhabi 2010.

KUALA LUMPUR: Bolton Bhd announced on April 19 that through its wholly-owned subsidiary Majestic Focus Sdn Bhd, it has completed the acquisition of the remaining 500,000 ordinary shares of RM1 each in Prima Nova Harta Development Sdn Bhd for a total of RM28.04 million.

KUALA LUMPUR: The operator of China’s second-largest budget hotel chain 7 Days Group Holdings Ltd plans to expand its portfolio in the country by at least fourfold within five years due to robust demand, the Shanghai Daily reported, quoting 7 Days chief executive officer Alex Zheng.