Trump golf resort in legal challenge from 85-year-old

EDINBURGH: Donald Trump’s plan to build a £1 billion (RM5.76 billion) golf resort in northeast Scotland is being challenged in the courts by an 85-year-old woman who stands to lose her home as a result of his project.

Opposition wants expo centre papers tabled in Parliament

KUALA LUMPUR: Concerned that there will be a repeat of the Port Klang Free Zone fiasco, the opposition wants the privatisation project involving a RM628 million exhibition centre to be tabled in Parliament.

The opposition also called on Prime Minister Datuk Seri Najib Razak to re-tender the project to pick the best contractor or developer.

End of the road for KSL’s land suit

PUTRAJAYA: The four-year court battle between property developer KSL Realty Sdn Bhd and Danaharta Hartanah Sdn Bhd over parcels of land measuring 1,516 acres that are currently under the stable of companies belonging to Tan Sri Syed Mokhtar Albukhary ended on Nov 23 with the Federal Court shutting the final door on the Johor-based property developer.

US existing home sales pace highest in 2 1/2 years

WASHINGTON: Sales of previously owned US homes rose in October at a faster-than-expected pace to the highest in more than 2 1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed on Nov 23.

Hang Lung to focus on building in China, not on ‘sexy’ sprees

HONG KONG: Hang Lung Properties Ltd, the Hong Kong developer spending US$5.2 billion (RM17.62 billion) building offices and malls in China, will focus on land already bought and refrain from further “sexy” acquisitions, chairman Ronnie Chan said.

Commercial property prices to fall up to 55%

NEW YORK: Commercial real estate prices may fall as much as 55% from October 2007’s peak and the recovery will be slow amid rising unemployment and tepid consumer spending, Moody’s Investors Service said.

DNP Holdings subsidiary to acquire land for RM56 million

PETALING JAYA: Angkasa Indah Sdn Bhd has entered into a conditional Sale and Purchase Agreement with Perniagaan Sanjung Sdn Bhd for a piece of leasehold land.

The over nine-acre piece of land, situated in Pekan Penaga, Selangor, was sold at an agreed price of RM56 million, said the Bursa Malaysia announcement on Nov 23.

Mid Valley Megamall revalued

PETALING JAYA: KrisAssets Holdings Bhd has revalued Mid Valley Megamall, which carries a market value of RM1.77 billion as of Sept 30, 2009, according to a Bursa Malaysia announcement on Nov 23.

TA Global down 5% at close

KUALA LUMPUR: Shares of newly-listed TA Global Bhd closed at 47.5 sen on the stock's initial trading day on Nov 23, down 2.5 sen or 5% from its issue price of 50 sen.

Boustead 3Q net profit down 47.5% y-o-y

KUALA LUMPUR: Boustead Holdings Bhd's third quarter (3Q) net profit fell 47.5% year-on-year, dragged down by lower income from its plantation, heavy industries, real estate and hotel operations.