Got Milk?

Another local contract

GEORGE TOWN: IJM Land Bhd’s Pearl Regency project, created mainly to attract Malaysia My Second Home (MM2H) investors, has seen an impressive take-up of over 40% by foreign buyers, mostly Koreans.

SHANGHAI: It will soon be the place where dreams come true, but at the moment Zhaohang village, on the outskirts of Shanghai, is where they are being crushed by the wrecker's ball.

What was a sleepy, semi-rural hamlet has been all but razed to make way for the city's Disney theme park, expected to be completed by 2014.

GEORGE TOWN: Penang Chief Minister Lim Guan Eng is on a three-day visit to Singapore from Tuesday, June 29 to attend the World Cities Summit 2010 at the invitation of the Singapore government.

The Summit brings together practitioners and policy-makers, together with leading experts in their field to identify innovative solutions to the most pressing challenges facing cities today.

PERTH: The real estate industry in Perth, Australia, is expected to be steady over the remainder of 2010, and Western Australia is expected to lead the nation’s economic growth from 2010 to 2014, according to CB Richard Ellis (CBRE)’s latest Global Marketview report for 2Q2010.

KUALA LUMPUR: MK Land Holdings Bhd, through its wholly owned subsidiary Medan Prestasi Sdn Bhd, sold 33.28 acres of leasehold lands for a sum of RM50.7 million to Pembinaan Tegas Megah Sdn Bhd, the Group announced on Bursa Malaysia on Monday, June 28.

KUALA LUMPUR: Gula Perak Bhd (GPB) entered into a Sales & Purchase agreement to sell The Dynasty Hotel in Kuala Lumpur, and The Empress in Sepang, Selangor for a sum of RM193.9 million to Time Glory Investment Ltd, it announced in a filing with Bursa Malaysia on Monday, June 28.

KUALA LUMPUR: Allegations that Malaysia sold away its railway land in Tanjung Pagar to Singapore are not true, the Dewan Rakyat was told on Monday, June 28.

Deputy Foreign Minister Datuk Richard Riot Jaem said KTM Berhad's (KTMB) land there was leased to the Federated Malay States by the Straits Settlement government for the purpose of rail services on Oct 25, 1918.

KUALA LUMPUR: Several property and real-estate development-based companies engaged in share buy-back exercises on Monday, June 28, according to separate filings to Bursa Malaysia.

Eastern & Oriental Bhd bought back one million ordinary stock units of RM1 each for RM 926,948.21, while Glomac Bhd bought back 23,700 ordinary shares of RM1.00 each for RM30,080.13.