Sold for: RM3.47 million (RM110 psf); Concluded by: Vincent Lim (REN 19076) of Full Homes Realty Sdn Bhd (012-356 4138); When: May 2016

Mah Sing Group Bhd will be launching RM1.8 billion worth of properties — mostly in the affordable category — in the second half of this year.

Bandar Malaysia Sdn Bhd has obtained funding for its massive project with the setting up of a fund backed by leading Chinese and Malaysian banks, with an asset base exceeding US$13 trillion.

AmanahRaya Real Estate Investment Trust (REIT) is acquiring a land together with a four-storey office building in Cyberjaya for RM40 million.

Hap Seng said the proposed buy will strengthen its presence in Peninsular Malaysia and provide it the opportunity to expand its land bank to sustain its core business as a property developer, besides enhancing its future earnings.

It said it is looking at launching new phases of mostly terrace houses throughout the Klang Valley and Johor, as well as upscale products such as semi-detached units in Saujana KLIA.

In a filing with Bursa Malaysia, the integrated tin mining and smelting group said its subsidiary M Smelt (C) Sdn Bhd is acquiring the properties from Metal Reclamation (Industries) Sdn Bhd.

The refund would amount to RM159.25 million, which comprises a RM156.25 million initial payment for the purchase and lease consideration, and RM3 million earnest deposit, for the 182ha plot of land on which the mixed development was planned.

Its chairman Tan Sri Isa Samad said the project will be a strategically placed development. The project is on 640.98 acres (259.4ha) of land, which is one of the largest parcels available in Melaka now.