Getting the Best of Both Worlds

She is only 23 and the youngest in the family, but with youth comes enthusiasm and fresh ideas.

For many years, a “Home Sweet Home” sign could not be hung up in the apartments of Subang USJ19’s Rhythm Avenue as the development was abandoned in 2001. The project was 90% complete, but the financial woes of the then developer Sanjung Utama Sdn Bhd caused work to stop.

KUALA LUMPUR: The Securities Commission has granted Atrium REIT Managers Sdn Bhd a six months extension up to April 15, 2010 to appoint a new chief executive officer (CEO), following the resignation of former CEO, Lim Pang Kiam on Oct 15.

NEW YORK: The meltdown of the US housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said Dec 3.

CYBERJAYA: The Selangor State Development Corp (PKNS) plans to turn the Selangor Science Park 2 (SSP2) located near Cyberjaya, Selangor into a Solar Valley.

“We plan to `solar-ise’ the whole of SSP2,” said PKNS Head of Business Development Norzila Sidek, adding that this can be done by attracting solar manufacturing industry players to invest in SSP2.

KUALA LUMPUR: Property developer SP Setia Bhd Group believes that the recent devaluation of Vietnam’s currency will not affect its development ventures there.

KUALA LUMPUR: Penang-based Belleview Group aims to launch six projects worth some RM800 million, from now until next year-end, its founder and managing director Datuk Sonny Ho said.

IT is relatively easy to snigger at the plight facing Dubai. Words like hubris and phrases like "pride comes before a fall" come to mind. After all, it is pretty humiliating for anyone to admit they can't pay their bills, let alone a city which has built its reputation upon being a braggart.

HONG KONG: Lee Shau-kee, the billionaire chairman of Henderson Land Development Co., is planning a $2.6 billion (RM8.8 billion) bet that Hong Kong home prices will keep rising.

Lee, 81, said today he plans to spend HK$10 billion (RM4.36 billion) on property in the next two to three months and another HK$10 billion on government land premiums for its Wu Kai Sha project.