PETALING JAYA: Tropicana Golf & Country Resort in Petaling Jaya, Selangor will soon see its first high-end condominium development – the RM540-million Tropicana Grande.

Its master developer Dijaya Corporation Bhd soft-launched the high-end development on Dec 11, 2009 and saw a take-up of 30% so far, its managing director Datuk Tong Kien Onn told theedgeproperty.com.

KLSE Property Index ended the week of Dec 14-19,2009 in lacklustre mood with marginal gain of 0.1%.

HONG KONG: Las Vegas Sands, the world's second-most valuable casino operator by market capitalisation, said on Monday Dec 21, 2009 that its US$5.5 billion Singapore casino resort is on track to open around the end of March.

SYDNEY: Australian developer Lend Lease has won the right to carry out the first stage of a A$6 billion (US$5.3 billion) facelift planned for Sydney's waterfront, which is billed as Australia's answer to New York's Central Park.

TAMPIN (Negri Sembilan): The findings of a study on dangerous hill sites including landslide prone areas in the Klang Valley, have been submitted to the local authorities responsible for further action.

Works Minister Datuk Shaziman Abu Mansor said local authorities can now identify and carry out remedial works in the areas identified to ensure public safety.

Petaling Jaya grew out of a rubber estate in the early 1950s. Once a satellite town, it expanded rapidly and became a city in 2006.

The Malaysian construction industry lacks skills, declares Dinesh K Nambiar, managing director of WTW Bovis Sdn Bhd. The company is the Malaysian entity of Bovis Lend Lease, a global project and construction management company operating in more than 30 countries worldwide.

The property auction market in the Klang Valley is expected to stay quiet till 2Q2010 as prospective bidders take year-end breaks or mull the fixed 5% Real Property Gains Tax (RPGT), auctioneers say.Auction Data Sdn Bhd CEO Gary Chia says investors, especially institutional buyers, tended to be less active at this time of the year.

When the government decided to impose the 5% real property gains tax (RPGT), the move did not go down well with house buyers, long-time property owners, some developers and those promoting Malaysian real estate overseas.

We want to establish ourselves as one of Malaysia’s top 10 developers in three years,” announces Yeoh Soo Ann, group CEO of Encorp Bhd.