KUALA LUMPUR: Mudajaya Group Bhd and its joint-venture partner Bina Rezeki have secured a RM241.29 million project to design and build the Boulevard Plaza Development at Lot 3C7, Putrajaya.

Mudajaya said on Feb 4 the JV had received the letter of acceptance from Boulevard Plaza Sdn Bhd, the owner of the project.

SINGAPORE: Resorts World Sentosa, the Genting Group's latest and largest family destination in Singapore, expects 13 million visitors in its first year of operations.

The resort, spanning over 49ha on Sentosa Island, is built at a cost S$6.45 billion (RM15.6 billion), and is Genting Group's most expensive, most exquisite and ambitious project.

KUALA LUMPUR: MSL Properties Sdn Bhd expects a return of investment (ROI) of between 5% and 6% annually from its recently-opened community and lifestyle mall, Wangsa Walk Mall.

With a construction cost of about RM100 million, the shopping mall opened its doors in September 2009 with a tenancy of close to 96%, said Retail Mall General Manager Foong Meng Khum.

KUALA LUMPUR: The Federal Territories and Urban Well-Being Ministry will come up with the guidelines for the distribution of the newly launched 1Malaysia Maintenance Fund (TP1Malaysia) next month.

KUALA LUMPUR: Hong Kong real estate tycoons took the lead in Forbes Asia’s Hong Kong 40 Richest list this year. According to Forbes Asia, over a dozen of the Top 40 richest have substantial real estate investments there, including several property developers.

KUALA LUMPUR: Land & General Bhd’s (L&G) proposed joint-venture (JV) mixed development in Jalan Ampang here is expected to commence towards the end of the year, said its managing director Low Gay Teck.

He said the development, comprising serviced apartments, studio apartments and commercial space, would have a gross development value (GDV) of about RM400 million.

EDINBURGH: Luxury-home prices in central London rose last month at the fastest annual pace since April 2008 as a growing number of buyers chased fewer properties on the market, Knight Frank LLP said.

SINGAPORE: A bungalow on Singapore’s Ocean Drive, a stretch of luxury homes lined with Bentleys and Ferraris, sold for a record S$30 million (RM72.6 million) in October. In Hong Kong, a duplex a third the size went for almost three times as much the same month.

SYDNEY: Australia's office vacancy rate hit its highest level in five years in the six months to January and a significant rise in supply this year will likely keep the sector under pressure, the Australian Property Council said.

KUALA LUMPUR: The owners of 237 houses in the 5A and 5B phases of the Saujana Putra housing estate can move in to their homes after a year's delay as Syarikat Bekalan Air Selangor (Syabas) has agreed to provide temporary water supply.

The delay was due to the failure of the developer providing the water supply.