EL Development sold 43 units at Parc Riviera between Feb 14 and 21, ­making the 752-unit development on West Coast Vale the top-selling condominium in the week. The sale of an adja­cent site on Feb 15 to China Construction (South Pacific) Development could have spurred sales in the project. The site fetched S$592 (RM1,861) psf per plot ­ratio, 7% higher than the S$551 psf ppr that EL Development paid for its Parc ­Riviera site in August 2015. As a result, buyers could be betting on the potential upside of the project.

The launch of Residensi Seri Wahyu is part of the developer’s efforts to support the government’s initiative and cater to the need for mass -market homes, said group managing director Tan Sri Leong Hoy Kum.

UOB Kay Hian is starting coverage of Hatten Land with a “buy” call and a target price of 43 Singaporean cents.

Iskandar Waterfront City Bhd’s (IWCity) share price falls 13 sen or 5% to RM2.46 in active morning session trade today, as some stale bulls take profit after the share price doubled since the start of the month. The counter was among the top decliners, with some 26.29 million shares crossed this morning. 

Hua Yang Bhd’s residential projects Sentrio Suites in Desa Pandan and Residensi Flora@One South in Seri Kembangan, both in the Klang Valley, as well as Lavender 2 in Bandar Universiti Seri Iskandar, Perak have received their Certificate of Completion and Compliance (CCC).

Sime Darby Bhd clarified yesterday that it could not meet the deadline to complete the reverse takeover of Singapore-listed Saizen Real Estate Investment Trust because circulars to Saizen REIT’s unitholders were not issued on time.

Sime Darby announced on Feb 27 it would be spinning off its plantation and property businesses, by listing the two units separately as Sime Darby Plantation Bhd and Sime Darby Property Bhd on Bursa Malaysia, via share distribution to existing shareholders.

The top two losses for private non-landed homes sold in the week of Feb 14 to 21 were for units in Orchard Scotts, a 99-year leasehold ­condominium in prime District 9 completed in 2008. It comprises 387 units and is located within walking distance of the Newton MRT station.

A surprise letup of property cooling measures — albeit minor and targeted tweaks — on Friday sent property developer stocks soaring to the highest in more than 20 months.

Sunway Construction Group Bhd confirms that its subsidiary Sunway Construction Sdn Bhd (SCSB) has bagged a construction job from intercity railway operator Mass Rapid Transit Bhd (MRT) worth RM212.3 million.