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The Edge Top Property Developers Awards 2009: Riding the waves with aplomb

Having the confidence to ride out market challenges and the skill to prepare for an upturn is something that has stood Bandar Utama City Corp in good stead over the years“We don’t have a crystal ball and we don’t read the market. We go in and hope that our track record and location will give us the heads up,” says Bandar Utama City Corp Sdn Bhd director Datuk Teo Chiang Kok.

City & Country: Foreign briefs

London’s West End is world’s most expensive office locationLondon’s West End has leapt four spots to take the title of the world’s most expensive office location for 2010, displacing Tokyo and overtaking Paris, Dubai and Hong Kong.

City & Country: Foreign briefs

CapitaLand’s Beaufort in Beijing 95% soldCapitaLand says Beaufort , its latest high-end residential project in Beijing, is nearly all taken up, following its launch late last month.

Sime Darby Property is No 1

PETALING JAYA: The Edge Top Property Developers Awards 2009 has ranked Sime Darby Property Bhd (SDP) the No 1 property developer in the country. The overall second spot went to S P Setia Bhd, which was in the number one position the last four years.

Approval process for PWD projects shortened

KUALA LUMPUR: Approval for projects managed by the Public Works Department (PWD) will be shortened to 14 days instead of the three to five months it took previously.

Works Minister Datuk Shaziman Abu Mansor said yesterday the decision to shorten the period was made at the meeting of the National Council for Local Authorities on Sept 17 and took effect immediately.

Government to review guidelines for demolition works

KUALA LUMPUR: The government will review current guidelines for building demolition works, Housing and Local Government Minister Datuk Seri Kong Cho Ha said last night.

Kong said recent incidents of buildings collapsing during demolition works were of great concern to the government and should be a wake-up call for the building industry.

SMEs could drive the UAE’s real estate growth

DUBAI: With small and medium enterprises (SMEs) accounting for approximately 80% of the United Arab Emirates’ economic activity, SMEs could drive demand for both office space and affordable residential property in the country provided they are able to secure bank loans to finance their business and provide working capital and investment for growth, said an industry expert in a press release fro