Sold for: RM1.23 million (RM714 psf); Concluded by: Ho Chan Foong (REN 20362) (016-595 7752) and Freeman Woo Chee Meng (REN 05026) (012-656 7617) of MIP Properties; When: October 2016

CityDev says the acquisition was subject to an open market tender in accordance with regulatory requirements, and that Global City International was awarded the tender at a consideration of RMB550 million.

Bina Darulaman Bhd’s group managing director Datuk Izham Yusoff’s contract has been extended by another two years, effective from this month.

Located in Jorge Juan Street, Salamanca district, the 8,826 sq ft site is a sought-after residential and commercial area with a high presence of retailers as well as food and beverage outlets.

Yong Tai Bhd is taking up a 70% stake in land holding company Iconic Paragon Sdn Bhd for a proposed development on two leasehold plots with a cumulative size of 1.08-acre in Bukit Bintang, Kuala Lumpur.

AlloyMtd Group’s One Crown Place, a mixed development on the edge of London city, is set to be launched in Asia next month.

Malaysia's MyHSR Corp Sdn Bhd and Singapore's Land Transport Authority said in a joint statement today the JDP will provide project management support and technical advice on the project's systems and operations.

Rahim & Co founder and executive chairman Tan Sri Abdul Rahim Abdul Rahman pointed out that based on historical data, the local market has a 10-year cycle.

Residents of the city have called for the Trump name to be removed from the Trump International Hotel & Tower Vancouver, the report said.

"The board expects the property development segment to continue to contribute positively to the group's performance in the coming financial year."