The net asset value of the stake was valued at US$4.7 million (S$6.4 million or RM20.13) as at June 30.

Axis REIT said the acquisition of the lands will be together with buildings and structures erected thereon, situated within Kawasan Perindustrian MIEL, Gebeng, Kuantan, Pahang, from five vendors, which are Wah Seong Corp Bhd's subsidiaries.

Iskandar Waterfront City Bhd (IWCity), which has been in the limelight since early May saw yet another spike, as high as 6.08%, in interest with 5.4 million shares traded at opening today.

AllianceDBS Research said Gabungan AQRS Bhd (Gbgaqrs) had on July 21 traded higher to RM1.46 before closing at RM1.42 (up 2 sen or 1.42%).

Elata Vita @ Setia Tropika recorded a take-up rate of 90% during its launch last month with homebuyers queuing up a day before the launch day.

EcoWorld has opened its 3-storey shopoffices in Eco Boulevard at Eco Botanic in Johor Bahru, last Saturday.

Grandeur Labs in Eco Grandeur City now has its first tenant — INK Library Café.

Although the economy does not seem to be picking up quickly, Yap said it could be a good time to start new businesses.

China has in recent years become the largest global capital exporter for cross-border real estate investment, second only to the US.

Chris Tan: Malaysia has an established banking system that enables foreign buyers to finance their property purchase.