As market sentiment continues to improve in the belief that the recession has bottomed out, the office segment in the Klang Valley has started to show some slight movement in 3Q2009, with more enquiries for office space for lease from potential tenants.“With renewed optimism about the economy and the property front, there is a good chance that potential tenants will commit themselves to the att

KUALA LUMPUR: Iskandar Investment Bhd is showcasing its one million sq. ft.

KUALA LUMPUR: Parts of the century-old Pudu Prison is being demolished sparking fresh speculations that the redevelopment plans for the former prison site will begin soon.

PETALING JAYA: I&P Group Sdn Bhd latest launches of semidee and terraced homes at Bandar Kinrara, Puchong in Selangor were sold out immediately during the weekend of Oct 10-11 launch.

PETALING JAYA: The EMKAY Group expects to some 8% rental yield from its new corporate office tower Menara Mustapha Kamal in Damansara Perdana in Petaling Jaya beginning FY2011.

Purchased for some RM85 million, Menara Mustapha Kamal is a 21-storey grade A office building which houses the Group's corporate office and of its subsidiaries.

KUALA LUMPUR: Crossborder Team (M) Sdn Bhd, a wholly owned subsidiary of Magna Prima Bhd (MPB), has entered into a sale and purchase agreement with Muafakat Kekal Sdn Bhd to acquire a piece of leasehold land in Selayang for a purchase consideration of RM16.5 million.

HONG KONG: Hong Kong will track property prices and could increase land supply for residential development, Chief Executive Donald Tsang said on Oct 14, as record prices for luxury flats raise concerns about a possible property bubble.

ST CHARLES, Illinois: Despite some signs that the worst of the US residential housing crisis may be over, many wealthy homeowners are still being squeezed by the combination of weak home prices and the stock market crash.

HANOI: Berjaya Land Bhd got a Vietnamese investment license for a US$2 billion (RM6.75 billion) urban development, the Dau Tu newspaper reported on Oct 14, without saying where it got the information.

WELLINGTON: New Zealand's housing sector recovered to its best position in a year in September and the central bank said it would end some emergency support measures amid an improving economy, bolstering expectations of interest rate rises early next year, according to Reuters.