KUALA LUMPUR (Jan 3): Nilai Resources Group Bhd's subsidiary has received a RM27.36 million discount on the purchase price of LK Prisma Sdn Bhd by Lapangan Kota Sdn Bhd.

Nilai Resources said on Tuesday its subsidiary BBN Development Sdn Bhd had on Dec 31, 2011 received a revised letter of offer from Lapangan Kota to sell the company for RM91.08 million.

PETALING JAYA (Dec 4): LBS Bina Group Bhd is targeting RM1 billion worth of annual property sales in the near term as the company focuses on various segments of the residential market apart from commercial and industrial real estate.

KUALA LUMPUR (Jan 3): The Second Penang Bridge has achieved 70% completion and 1.5 months ahead of schedule, said Jambatan Kedua Sdn Bhd (JKSB) in a statement on Dec 30, 2011.

First green integrated development

Condominiums are gradually peppering the urban landscape in the Klang Valley as space becomes a premium.

KUALA LUMPUR (Dec 30): Mah Sing Group Bhd's call warrants surged in active trade on Friday, accounting for 41 million units transacted.

At 3.36pm, Mah Sing-CE was up one sen to 2.5 sen with 23.269 million units done while Mah Sing-CB jumped 4.0 sen to 7.5 sen with 20.76 million units transacted.

HONG KONG (Dec 30): Chinese conglomerate Fosun Ltd said on Friday that it was surprised by SOHO China Ltd's RMB4 billion (RM2.01 billion) acquisition of a stake in a Shanghai property project in which it holds a 50% interest, and believes it has the right to preempt the deal.

KUALA LUMPUR (Dec 30): Contractor-turned-developer Binapuri Holdings Bhd is developing a 3.34-acre (1.4ha) low density residential enclave with a gross development value (GDV) of RM102 million in Bukit Prima Pelangi, Segambut in Kuala Lumpur.

MELBOURNE (Dec 29): Asian developers, mainly from Singapore, have been active in the Australian apartment sector, securing about 30% share of the properties. Malaysian, Chinese, Korean and Indian developers are huge investors too.

The Age newspaper says foreign investors are behind 13,000 apartments in 37 projects in Australia.

WCT Bhd (Dec 28, RM2.32)