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Fraser & Neave to gain RM21.98m from Ampang land sale

KUALA LUMPUR: Fraser & Neave Holdings Bhd (F&NHB) expects to gain RM21.98 million for the sale of 1.44 acres of partly developed land along Jalan Ampang here for RM53.8 million.F&NHB said on Thursday, April 22 the freehold land is being disposed of to Star Residence Sdn Bhd."The proposed disposal would enable the F&NHB group to immediately realise the profit from the disposal.

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Encorp plans mixed projects in Nusajaya, GDV RM330m

KUALA LUMPUR: Encorp Bhd is acquiring 3.3 acres of commercial land parcel in Puteri Harbour, Nusajaya for RM25.9  million for a mixed commercial and residential development project with gross development value of RM330 million.Its unit Encorp Iskandar Development Sdn Bhd had on Thursday, April 22 signed a sale and purchase agreement with UEM Land Bhd to acquire the land in Puteri Harbour, Nusaj

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Mah Sing acquires more land to roll out M Suites

KUALA LUMPUR: Mah Sing Group Bhd is buying a parcel of freehold commercial land on Jalan Ampang here for RM53.8 million (or RM857 psf) on which the developer is rolling out its new brand of mid to high-end serviced apartments and condominiums called the M Suites.

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Encorp to invest in Nusajaya

KUALA LUMPUR: Encorp Bhd, through Encorp Iskandar Development Sdn Bhd (EIDSB), has entered into a sales and purchase agreement with UEM Land to acquire a commercial tract in Puteri Harbour, Nusajaya for RM25.9 million.

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China adds REITs as way to cool property market

BEIJING/HONG KONG: In a latest salvo aimed at its property market, China is getting ready to launch a real estate investment tool that will give investors an alternative to bricks and mortar, and move to cool a market where prices have risen at the fastest pace in five years.

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