PETALING JAYA: Persoft Properties Sdn Bhd will further upgrade its Menara Luxor office building along Persiaran Tropicana, Petaling Jaya, Selangor following the government's approval for it to be developed into an MSC (Multimedia Super Corridor) Cyber Centre. 

KUALA LUMPUR: The residential property sector in New Delhi, Gurgaon and Noida in India are beginning to gain momentum as investors and end-users attracted by correcting values, return to the market, said Cushman & Wakefield in its 3Q 2009 National Capital Region (NCR) Residential Report.

SHAH ALAM: Naza TTDI Sdn Bhd has completed Laman Seri Business Park, in Section 13 Shah Alam 18 months ahead of schedule.

The commercial development comprising 46 exclusive high-end units of shops and offices housed in six blocks is now in the process of being handed over for vacant possession.

KUALA LUMPUR: Banks may have decided to raise home financing rates, but prospective homebuyers can still snap up selected properties at cheap rates at least until early next year.“Most banks have revised their rates on average by 50 basis points, to base lending rate (BLR) minus 1.8%, but they don’t want to make a drastic revision and incur the repercussions.

PETALING JAYA: Section 13, a 220-acre industrial hub may become a commercial hub instead as the Selangor state government has decided to give industrial areas and housing estates in Petaling Jaya, Klang and Kajang a new lease of life.

PETALING JAYA: Plenitude Heights Sdn Bhd, a wholly-owned subsidiary of Plenitude Bhd is launching semi-detached homes in two of its residential projects in Penang and Kedah on Nov 14.

IPOH: The perimeter wall of Perak Darul Ridzuan building collapsed after a heavy downpour last night (Nov 12)  causing part of Jalan Istana to be closed to traffic. There were no casualties in the incident at about 9pm.

KUALA LUMPUR: Rahsia Estate Sdn Bhd, a subsidiary of Riverbank Suites Sdn Bhd, plans to launch its first niche mixed residential and commercial development project in Pulau Langkawi, Kedah in March next year.

HONG KONG: Chinese property developer Longfor Properties Co raised US$912 million (RM3.08 billion), pricing its Hong Kong initial public offering at the top end of an indicated range on Nov 12, according to two sources close to the deal.