LMT intends to hold the land, measuring 115.31 acres (46.66ha) in total, with the view to develop and construct another port or terminal there, Perak Corp said in a filing with Bursa Malaysia.

Hua Yang Bhd plans to expand its presence on Penang mainland by launching another three projects with an estimated combined gross development value (GDV) of RM800 million in the next three years, according to its assistant general manager Tony Ng.

On March 17, a 2,885 sq ft unit at High Point in prime District 9 was sold at a S$2.15 million (RM6.78 million) profit. The seller bought it at S$1.85 million, or S$641 psf, in January 2003 and sold it at S$4 million, or S$1,386 psf. The profit works out to 116%, or 6% a year over 14 years.

To be called Yarra One, it will have an estimated gross development value (GDV) of A$218 million (RM728.3 million).

YTL Corp Bhd announced that its subsidiary YTL Land Sdn Bhd has disposed of all its holdings in YTL Majestic Hotel Sdn Bhd to YTL Hotels & Properties Sdn Bhd (YTLHP) as part of an internal reorganisation of the group's structure.

"Nonetheless, the availability of affordable housing has been gathering momentum. Depending on the speed of the roll-out of homes under the 1Malaysia People's Housing Programme, RAM estimates that the new, more accessible end-financing scheme for PR1MA units could contribute about 1–2 percentage points to the banking system's overall loan growth over the next two years," the local rating agency said in a statement today.

Located at 896 Dunearn Road, the property sits on a part freehold and part 999 years leasehold commercial land of 140,886 sq ft.

However, Vibrant said no binding arrangements have as yet been entered into with any party in respect of this transaction and that there is no assurance that this transaction will be concluded.

The company said the plots, with a total cost of RM26.77 million, will make up a 2.75-acre land needed to develop EkoQuay, which will commence construction in 2018.

Property developer has received interest in its land more so now than ever before.