KUALA LUMPUR: UMS-Neiken Group Bhd's wholly-owned subsidiary UMS-Neiken (M) Sdn Bhd (UMSN) is acquiring leasehold vacant land in Selangor from Federal Poultry Industries Company Sdn Bhd for RM2.036 million.

KUALA LUMPUR: The property arm of Sunway Holdings Bhd SunwayMas Sdn Bhd held a preview of its Paragon Point II commercial development in Pusat Bandar Baru Bangi over the weekend of July 30. Currently, some 60% of its units are already sold.

KUALA LUMPUR: Real estate investment firm Swhengtee International Sdn Bhd has received the 2011 International Standard Quality Award for the Quality Professional Company category.

The award was presented by the European Union Analysis Alliance (EUAA) last Thursday, July 28 at the Shangri-La Hotel Kuala Lumpur.

HONG KONG: Rental growth of Grade A offices in Kowloon East, Hong Kong is expected to slowdown in the coming six months due to a more competitive market as more supply come onstream.

HONG KONG: Swire Pacific says it will sell its Festival Walk shopping and office complex in Kowloon Tong for a record-breaking HK$18.8 billion (RM7.15 billion), a move analysts say is the fastest way for the company to raise capital to fund its aggressive mainland expansion.

KUALA LUMPUR: The International Trade and Industry Ministry's (Miti) decision to extend the deadline for the decision on hot rolled coil (HRC) imports came as no surprise to the industry given the divided views on a 35% hike in import duty.

The issue has become bigger with the involvement of foreign parties, particularly downstream players and manufacturers whose inputs are steel.

KUALA LUMPUR: The government's push for more public-private partnerships (PPP) to construct affordable housing is expected to add a new dimension to the property development landscape, particularly since the initiatives are looking to reach critical mass.

Tan Sri Chai Kin Kong and a business partner took over Lintasan Mayang Development Sdn Bhd and its 265-acre leasehold township project, known as Alamesra, in Kota Kinabalu, Sabah, back in 2003.

Marina Bay in Singapore needs no introduction to Malaysians. Mention its integrated resort Marina Bay Sands and most would picture its glitzy hotel, casino, dazzling musicals, shopping mall and nightlife.

Architectural enthusiasts have reason to celebrate as Datum:KL, an annual architectural event organised by the Malaysian Institute of Architects (PAM), has been restructured as a month-long multi-programme event.