Subur Tiasa Plywood to acquire land parcels for RM3.89 million

KUALA LUMPUR: Subur Tiasa Holdings Bhd (STH) unit Subur Tiasa Plywood Sdn Bhd (STP) had entered into three separate sale and purchase agreements (SPA) to acquire three parcels of land for RM3.89 million, STH announced on Bursa Malaysia on March 10.

Golfers set to tee off at Rehda Cup tourney

KOTA BARU: Prizes worth RM90,000 await winners of the Rehda Cup Golf Tournament at the Kelantan Desa Golf and Country Club here on Saturday (March 13).

Organising committee chairman Datuk Samsuri Awang Mat said they included two

Perodua cars, a Myvi and a Viva, worth about RM80,000 for a hole-in-one.

Shanghai sees more record-breaking residential transactions

KUALA LUMPUR: The Shanghai real estate industry saw more record-breaking residential transactions in early March, according to Shanghai Business.

Quoting the latest data from China Real Estate Information Corp (CRIC), the Chinese media reported that Sunville in Sheshan, Shanghai, has transacted two villas at RMB247 million (RM120.2 million) on March 3.

Australia home loans dive, belie strength elsewhere

SYDNEY: Australian home loans fell the most in nearly eight years in January, hit by the scaling back of government grants to buyers and higher mortgage rates, suggesting past increases in interest rates were starting to bite, according to a Reuters report on March 10.

Puduraya bus terminal to be closed March 19 for four months

KUALA LUMPUR: The Puduraya bus terminal will be closed temporarily for four months from March 19.

UDA Holdings Bhd managing director Datuk Jaafar Abu Hassan said the closure was to allow for works that would upgrade the terminal and provide more comfort to travellers.

New regulatory framework for offshore firms in Dubai

DUBAI: Dubai’s Land Department is expected to announce a new regulatory framework for offshore companies investing in the country’s real estate freehold market, Gulf News reported on March 9.

This move is aimed at improving transparency. The department has since halted transactions of offshore companies due to lack of clarity for February.