"Based on the investigation, the two were suspected of manipulating the hotel price (valuation) resulting in FIC overpaying tens of millions," MACC said.

Knight Frank: In Hong Kong, continued strong demand and a lack of new land supply continues to push values higher…

Landmarks said the net proceeds from the proposed disposal of RM82.9 million will be used for the group’s capital expenditure and working capital purposes and is expecting full utilisation within 24 months from its receipt.

Encorp Bhd, which inked preliminary agreements with several companies last year to develop its huge 641-acre landbank in Melaka, has called off one of them.

Regal International's Malaysian subsidiary Temasek Regal Capital signed a conditional sale and purchase agreement to acquire Wisma Majuniaga for RM11.5 million (S$3.7 million) from Twin Revenue.

Dubbed Mayfair, it features 158 high-end apartments located on Melbourne's premier boulevard, 412 St Kilda Road, and will be different from the company's two previous projects there.

Hatten Land Ltd has unveiled Melaka’s first wellness-themed mixed development dubbed SATORI.

Religare is staying positive on Singapore office REITs as the sector has posted an average YTD return of 16.9%.

Traffic to the virtual expo is also expected to keep growing after July 31 as VPEX 2017 will continue to be hosted on www.TheEdgeProperty.com.

PRG can focus its financial resources on the RM5 billion gross development value affordable housing projects it plans to undertake with Syarikat Perumahan Negara Bhd.