Malaysian real estate investment trusts (M-REITs) may soon be allowed to put as much as 15% of their total assets into development projects and vacant land for development and are already positioning themselves for the liberalisation that is slated for the end of the year, industry sources say.

The construction outfit first announced the land acquisition deal, worth RM21.8 million in December 2014.

Singtel Group's subsidiary, NCS, was awarded a S$10 million contract on Monday by Singapore’s Housing & Development Board (HDB) to develop a new Smart Urban Habitat Master Plan (SUHMP).

CapitaLand's wholly-owned serviced residence business unit, The Ascott, is acquiring a 221-unit serviced residence in Docklands, Melbourne, for A$71 million (S$71 million) (RM210 million) as part of its partnership with Australian-based apartment operator Quest Apartment Hotels.

Rykadan acquired the 2,920 sq ft site at 7 Kwun Chung Street from the authorities for HK$194 million more than three years ago after beating numerous bidders.

The rising price of homes is one of the biggest complaints of Malaysians, especially for city folk. Many are saying that they cannot afford most of the homes for sale out there, and we are not even talking about location and quality yet.

The blueprint of the District was first unveiled in the URA Master Plan 2008.

Early this month, Yong Tai said it has teamed up with PGCG Assets Holdings Sdn Bhd to jointly undertake a mixed development project with a gross development value of RM510 million in Puncak Alam, Ijok.

The project, set to be launched on July 30, was open for registration a few months ago, and received good response from the market.

The Nawawi Tie Leung group of companies — previously comprising DTZ Nawawi Tie Leung Sdn Bhd and DTZ Nawawi Tie Leung Property Consultants Sdn Bhd — have been rebranded as Nawawi Tie Leung Real Estate Consultants Sdn Bhd and Nawawi Tie Leung Property Consultants Sdn Bhd, said the group in a press statement.