KUALA LUMPUR: UEM Sunrise Bhd (UEMS) is expected to announce soon several partnerships in mall management/investment, property development and hospitality, with three local and foreign parties, according to sources.

KUALA LUMPUR: S P Setia Bhd is on track to meet its RM5 billion sales target for financial year 2014 ending October (FY14), despite the challenging conditions the property market faces this year, said acting president and chief executive officer Datuk Voon Tin Yow (pic).

KUALA LUMPUR: Amid slowing demand in the sports shoe market in the world’s second-largest economy, China-based shoemaker Maxwell International Holdings Bhd, which has been experiencing declining sales and earnings, is strengthening its retail and fashion business.

KUALA LUMPUR: Mah Sing Group Bhd’s proposed acquisition of 20 pieces of prime freehold land in Jawi, Penang totalling 76.38 acres (30.9ha) from four separate vendors for RM42.59 million or RM12.80 per sq ft, has hit a roadblock.

KUALA LUMPUR: IOI Corp Bhd founder and executive chairman Tan Sri Lee Shin Cheng (pic) said there is no property bubble in Malaysia, although the housing market is slowing down.

He sees fewer residential property launches and slower sales this year due to the cooling measures announced in Budget 2014.

KUALA LUMPUR: Eco World Development Group Bhd is on track to achieve RM2 billion sales for financial year 2014 ending October (FY14) after achieving RM1.13 billion sales, representing 56.5% of its full-year sales target as at March 31 this year.

Property sector

KUALA LUMPUR: PN17 outfit Pan Malaysian Industries Bhd (PMI) may be looking to sell its last property — a vacant piece of land situated in Jalan Mayang, near KLCC, to sister company Malayan United Industries Bhd (MUI) for some RM32 million cash, said a source.

SINGAPORE: CapitaLand Ltd yesterday said its ownership of CapitaMalls Asia Ltd had crossed the 90% threshold, meaning it could delist the shopping malls operator from the Singapore Exchange.

NUSAJAYA: Goldbury Communications Sdn Bhd will take up 9,200 sq ft of office space in Medini 6, the first purpose-built office development by Medini Iskandar Malaysia Sdn Bhd (MIMSB). Goldbury will also take up another 29,000 sq ft in the upcoming Medini 7 in June 2015.