KUALA LUMPUR: Construction group, Bina Puri Holdings Bhd has accepted the letter of award from Mayland View Sdn Bhd on Sept 25 for the construction and completion of one block of 38-storey serviced apartments with two-basement car park areas and four units of TNB substations at Jalan Kuching, Kuala Lumpur for RM185 million.

KUALA LUMPUR: Singapore's CapitaLand Ltd plans to spin off its unit, CapitaLand Retail Ltd and list it on the Singapore Exchange, and the proceeds to be raised from corporate exercise is S$1.57 billion (RM3.85 billion).

KUALA LUMPUR: The time is now ripe to get a new developer to complete the Plaza Rakyat project, said DTZ Malaysia executive director Brian Koh.

Koh said the abandoned project has been an eyesore in the heart of Kuala Lumpur for more than a decade.

A condo project in TTDI, Kuala Lumpur, abandoned for more than 10 years, has recently been revived. Renamed Mas Kiara Residences, it comprises two 16-storey towers offering 242 units and four penthouse suites.

The Edge Communications Sdn Bhd, publisher of The Edge and The Edge Financial Daily, launched its property portal, www.theedgeproperty.com, at the Sime Darby Convention Centre on Sept 28.

We want to communicate the value of architecture to the public and the government. Architecture is about more than just buildings; we are working towards creating a local built environment that is world class, benefits society, is responsible to its surroundings and is aesthetically appealing.

Visitors to Putrajaya, Malaysia’s federal government administrative capital, are often overawed by the host of impressive government ministry buildings dotting the city’s precincts.

Retail rents dive in glamour streets Rents have plunged along the world’s priciest shopping streets, reports Bloomberg. Manhattan’s Fifth Avenue is still the most expensive retail address, although rents dropped 8.1% in the year ended June to US$1,700 (RM5,894) psf. Rents in Hong Kong’s Causeway Bay slid 15% to US$1,525.

KUALA LUMPUR: Malaysian developers keen on expanding into the real estate industry in China should team up with local companies or get into areas that have not been fully developed, advised China's chief representative of the Economist Group Steven Xu Sitao.

DUBAI: The world's tallest building, Burj Dubai, is on course to be completed later this year, according to its developer Emaar Properties.