KUALA LUMPUR: MTD Capital Bhd (MTD) on Nov 5 announced its sale and leaseback agreement with Haluan Gigih Sdn Bhd (HGSB) for its two properties in Selayang, Gombak in Selangor and Damansara Heights in Kuala Lumpur for RM70 million and RM105 million, respectively. HGSB is a wholly owned subsidiary of Alloy Consolidated Sdn Bhd, a major shareholder of MTD.

NEW DELHI: DLF Ltd, India’s biggest developer, expects demand for offices to revive after growth in Asia’s third-largest economy accelerates to at least 7%, Executive Director Rajeev Talwar said.

KUALA LUMPUR: Construction-related Bina Puri Holdings Bhd has accepted the letter of award to construct a 7-storey apartment in Kota Kinabalu, Sabah, for a contract sum of RM19.7 million from Arkitek Oma Sdn Bhd.

KUALA LUMPUR: Come the end of next year, shoppers in the Klang Valley can look forward to another lifestyle shopping centre christened Viva Homes.

GEORGE TOWN: The property sector in Penang has seen an improvement in the second quarter of 2009 compared to the sluggish 2008 in the aftermath of the global economic meltdown.

KUALA LUMPUR: Sunrise Bhd's net profit rose 24% to RM37.3 million from RM30.2 million a year ago as earnings were sustained by progress billings for its ongoing developments. The company said today that pre-tax profit rose 17% to RM50.2 million from RM42.8 million while revenue was RM190.3 million compared with RM198.2 million a year ago.

KUALA LUMPUR: OSK Property Holdings Bhd, the company tasked with the redevelopment of the Atria Shopping Centre in Damansara Jaya is going back to the drawing board.

The developer is working closely with a team of estate agents and consultants to examine market needs and conditions before deciding on concrete plans for the site, according to a source with OSK Property.

Malaysia is increasingly on the radar screens of overseas property developers, especially from Australia and the UK. Its growing upper-middle population is seen as an uptapped market.

KUALA LUMPUR: TA Global Bhd, the property arm of TA Enterprise Bhd (TAE), aims to launch at least three projects in the Klang Valley with a total gross development value (GDV) of RM1.14 billion next year.

KUALA LUMPUR: WCT Bhd and Iskandar Investment Bhd will jointly develop and co-own 1Medini, the first residential development in Medini which has a gross development value of RM600 million.The companies said on Wednesday, Oct 28 1Medini, when completed by 2015, would comprise of 1,332 units of condominium, a 68,800 sq ft commercial area for local retail businesses.