Hong Kong’s residential property prices surged by 16.43% during the year to 2Q2015, a sharp turnaround from a drop of 0.66% during 2Q2013 to 2Q2014.

According to the agent, this is the first unit in the development to be tenanted since the handover in May.

Under the new UEMS-RCPS agreement, UEMG agrees to subscribe for up to 793 million of the five-year UEMS-RCPS at an issue price of RM1 each for an aggregate sum of up to RM793 million, to be satisfied fully in cash.

The group’s revenue for the period grew 15.5% to RM123 million from RM106.5 million in 1QFY15, mainly due to steady construction progress in Glomac’s ongoing projects, namely Lakeside Residences, Saujana Rawang, Glomac Centro and Reflection Residences.

EcoWorld said the group's revenue and gross profit continued to grow at a steady rate since its acquisition of the development rights to eight projects pursuant to the corporate exercise announced on April 25, 2014 became unconditional on Jan 8, 2015.

Pavillion REIT said its manager, Pavilion REIT Management Sdn Bhd, has entered into a conditional sales and purchase agreement (SPA) with Equine Park Country Resort Sdn Bhd and Revenue Concept Sdn Bhd to acquire the five-storey shopping mall and two levels of basement car park located on 3.45ha of freehold land in Subang Jaya.

Brian Lim Choon Wah will be sharing the ownership of the condominium unit with his younger sister Crystal Lim Ai Ping. Both of them were accompanied by their parents – Danny Lim and Lily Yoong – to sign the sales and purchase agreement at the condominium.

The properties will be showcased at Evergreen Laurel Hotel in Gurney Penang and at Eastin Hotel in Petaling Jaya on Sept 19 and 20.

It is understood that the 18-year-old complex is in need of constant repairs and maintenance, in particular lifts, water tanks, domestic water pumps, electrical fixtures and parking lots.

MRCB executive director Imran Salim said that the company had also offered a few package options to Prasarana in carrying out the LRT3 line from Bandar Utama to Klang.