UOA Real Estate Investment Trust (UOA REIT) is putting future property acquisition plans on hold this year due to the subdued market and also because the assessments and due diligence for such transactions will take time.

Perbadanan Kemajuan Negeri Selangor (PKNS) will be launching its third project of the year, Bayu Malawati in Kuala Selangor, this weekend (April 22 and 23).

The government will be inviting companies to bid for a billion ringgit worth of jobs for the Kuala Lumpur-Klang Bus Rapid Transit (BRT) project, as well as Phase 2 of the Klang Valley Double Track (KVDT) project, said Transport Minister Datuk Seri Liow Tiong Lai (pic).

Sold for: RM2.4 million; Concluded by: Chris Lee (REN 11554) of Prestige Realty Sdn Bhd (010-899 8303);

When: December 2016

These were contributed by higher sales and progressive revenue recognition from Singapore’s residential projects as compared to the previous corresponding quarter.

Meda Inc Bhd is disposing of its hotel The Summit Hotel Bukit Mertajam in Penang for RM20 million to partially fund its working capital requirements.

Former Gabungan AQRS Bhd executive director and deputy chairman Alvin Ng Chun Kooi has ceased to be a substantial shareholder in the company, after disposing of 5.66 million shares or a 1.4% stake.

RHB has downgraded its call on CapitaLand Commercial Trust (CCT) from “buy” to “take profit”, recommending investors to lock in profits and re-enter at lower levels now that the units of the trust are currently hovering close to the research house’s target price of S$1.68, which remains unchanged.

“The only way for the [property] market to move to the next level, is for the Malay market to be fully activated. The Malay market has not been made fully aware about property investment, even now."

Frasers Property Australia and Sekisui House Australia on Thursday announced that they have entered into option agreements with Impact Investment Group (IIG) in relation to the sale of the hotel and commercial space at DUO, situated on the north-west corner of the Central Park precinct in Chippendale due for completion in mid-2018.