KUALA LUMPUR: Atlan Holdings Bhd has proposed to sell two pieces of freehold land with a single sales office in Batu Feringghi, Penang, measuring 2.78 acres for RM33 million cash, it announced to Bursa Malaysia on Thursday, Mar 17.

PETALING JAYA: The recently announced "My First Home Scheme" is set to mostly benefit smaller property developers outside the Klang Valley that offer affordable houses priced between RM100,000 and RM250,000, said property analysts.

Among the listed property developers that offer or have plans to build such properties are YNH Property Bhd and Hua Yang Bhd.

KUALA LUMPUR: Cyberview Sdn Bhd, the landowner of Cyberjaya has RM2.52 billion worth of developments in the pipeline for this year, which will be achieved through land sales of enterprise, commercial, institutional and residential spaces.

KUALA LUMPUR: Shares of Faber Group Bhd advanced 6% on Wednesday, Mar 16 on the back of the company's bullishness in the renewal of its 15-year concession for government hospital support services (HSS).

Faber Group Bhd (March 16, RM1.95)
Maintain market perform at 1.84 with fair value RM2.22: Faber held an analyst briefing earlier this week with respect to its 4QFY10 ending December results. We set out below the key highlights of the briefing.

Hektar REIT (March 16, RM1.28)

WASHINGTON: US housing starts posted their biggest decline in 27 years in February while building permits dropped to their lowest level on record, suggesting the beleaguered real estate sector has yet to rebound from its deepest slump in modern history.

LONDON: The Tchenguiz brothers, the property magnates briefly arrested in a UK fraud probe into Iceland's Kaupthing, won the right to pursue a claim of over £1 billion (RM4.89 billion) in damages from the failed bank.

KUALA LUMPUR: Shareholders of Atlan Holdings Bhd have approved of the disposal of seven tracts of freehold land measuring a total 61.03 acres in Penang to Utara Malaya Realty Sdn Bhd for RM145 million cash.

In a filing to Bursa Malaysia on Wednesday, Mar 16, the group said its shareholders had given the green light for the transaction at an extraordinary general meeting on Mar 1.

KUALA LUMPUR: The Malaysian property market is predicted to grow slowly for 2011 due to high supply and speculation activities, CH Williams Talhar & Wong (WTW) managing director Foo Gee Jen revealed at a press conference held on Wednesday, Mar 16.