KUALA LUMPUR: Hua Yang Bhd has acquired 8.09 acres (3.27ha) of leasehold land along the Middle Ring Road 2 (MRR2) in Selayang, Selangor.

KUALA LUMPUR: YNH Property Bhd, which is 32.15% controlled by its chairman and executive director Datuk Dr Yu Kuan Chon, is roping in US hotel chain Hilton to manage a proposed five-star hotel at its Menara YNH development in Jalan Sultan Ismail here. 

HONG KONG: Hong Kong’s home prices rose last year to a record high, official data showed, as tightening measures failed to curb skyrocketing prices supported by strong local demand and tight supply in one of the world’s most expensive property markets.

KUALA LUMPUR (Feb 5): As part of its asset-light strategy, Masterskill (M) Sdn Bhd, a subsidiary of Masterskill Education Group Bhd (MEGB), has proposed to dispose properties in Petaling Jaya, Selangor, and Masai in Johor, to Brilland Property Sdn Bhd for RM79.7 million cash.

KUALA LUMPUR (Feb 5): Sime Darby Property Bhd (Sime Property) has proposed to take full control of loss-making Malaysia Land Development Co Bhd (MLDC) via a selective capital reduction and repayment exercise, for RM2.46 million in cash or 50 sen per MLDC share.

Sime Property is the property arm of conglomerate Sime Darby Bhd, while MLDC is a privately-held development outfit.

KUALA LUMPUR (Feb 5): Nexgram Holdings Bhd has entered into a joint venture agreement with Top Valley Properties Sdn Bhd (TVP) to construct and develop a 2.15 hectare leasehold agriculture land in Dengkil, Selangor.

Under the agreement, TVP has granted the sole and exclusive development rights on the said property to Nexgram Land Sdn Bhd, which is wholly-owned by Nexgram.

(Feb 5): YNH Property Bhd announced it had signed a memorandum of understanding with Hilton Worldwide Manage Ltd on Feb 4, to manage a hotel to be branded as "Hilton Kuala Lumpur City Center & Residences", to be incorporated in its Menara YNH development along Jalan Sultan Ismail.

KUALA LUMPUR (Feb 5): Amcorp Properties Bhd's (AmProp) net profit for the third quarter ended Dec 31, 2014, fell 73.8% to RM5.9 million. The sharp drop was because the previous corresponding quarter’s earnings of RM22.5 million, had included gains on a tax claim of RM19.1 million.

KUALA LUMPUR (Feb 5): ICT education services provider Eduspec Holdings Bhd is buying two parcels of land for RM14.85 million, to set up its new corporate office.

KUALA LUMPUR: The much-touted RM8 billion redevelopment of the former Pudu jail site here, to be known as Bukit Bintang City Centre (BBCC), will kick off as early as the second quarter of this year, after the site has been abandoned for nearly four years.