KUALA LUMPUR: Datuk Desmond Lim Siew Choon, executive chairman of Malton Bhd and chairman of Pavilion REIT, is believed to have strengthened his foothold in prime Pusat Bandar Damansara (PBD) in Kuala Lumpur, following the acquisition of a 2.57ha tract within the area by a company linked to the property tycoon.

KUALA LUMPUR: S P Setia Bhd head Tan Sri Liew Kee Sin will continue to spearhead the redevelopment of the £8 billion (RM43.9 billion) Battersea Power Station in London despite his departure from the property group in April this year, said Sime Darby Bhd president and group chief executive Tan Sri Mohd Bakke Salleh.

KUALA LUMPUR: Mah Sing Group Bhd, which met its internal target of RM3 billion new sales in 2013, is expected to at least maintain the same amount of sales this year, said RHB Research Institute Sdn Bhd analyst Loong Kok Wen.

She said Mah Sing’s sales for the financial year ended Dec 31, 2013 (FY13) met the management and RHB Research’s RM3 billion target.

PETALING JAYA: The recent registration of real estate negotiators, which has been under way since October last year, has yielded 11,000 registrants.

NUSAJAYA: UEM Sunrise Bhd anticipates sales revenue from Johor to possibly surpass RM2 billion this year. Executive director Datuk Mohd Izzaddin Idris said the group estimated its projects there to contribute between 60% and 65% of its total sales for this year.

KUALA LUMPUR: The Kuala Lumpur High Court has allowed Nusa Gapurna Development Sdn Bhd (NGD) to sell its 70% stake in PJ Sentral Development Sdn Bhd to Malaysian Resources Corp Bhd (MRCB) after it dismissed a suit by the Selangor State Development Corp (PKNS) yesterday.

KUALA LUMPUR: Malaysia’s two biggest banks notched up record annual profits and see further strong growth in the year ahead, confident that a raft of government curbs on the property sector will not have a major impact on overall loan demand.Malayan Banking Bhd put in its best earnings for a second straight year, with fourth quarter profit jumping 19% on robust loan growth and strength in Islam

KUALA LUMPUR: A former master concessionaire warns of a potential glut of high-rise properties in Iskandar Malaysia.

PETALING JAYA: Exsim Development Sdn Bhd’s first residential project The Treez, which was completed in November last year, is currently transacting in the secondary market at 36% to 42% higher than its launch price in 2010, said the developer. The Treez in Bukit Jalil was launched at RM500 psf in 2010 and units were fully sold within three months.

PHUKET: Twenty new villas were up for private ownership this month in Point Yamu by COMO Hotels and Resorts.