KUALA LUMPUR (Jan 2): Property developer LBS Bina Group Bhd has declared a special dividend of 6 sen per share, payable on Feb 6 this year.

In a filing with Bursa Malaysia today, LBS Bina said it has set an ex-date for the special dividend on Jan 23, with an entitlement date on Jan 27.

KUALA LUMPUR (Jan 2): Property developer and leisure resort operator Sentoria Group Bhd has proposed to acquire three parcels of freehold land in Bandar Amanjaya, Kedah from Ideal Appraisal Sdn Bhd for RM46.44 million.

KUALA LUMPUR (Jan 2): Berjaya Land Bhd (BLand), controlled by tycoon Tan Sri Vincent Tan Chee Yioun with a 73.17% stake, has aborted a plan to sell of its 70% stake in Berjaya (China) Great Mall Co Ltd (GMOC), which is developing the RM7.5 billion Great Mall of China project in Hebei Province, China, to Hong-Kong listed Carnival Group International Holdings Ltd.

KUALA LUMPUR (Jan 2): CIMB Research has downgraded the Property sector to “Neutral” from “Overweight” and said while the property sector was one of the better performing sectors in 2014, that would be difficult to sustain in 2015 in view of the imminent implementation of the 6% goods and services tax (GST) starting Apr 1.

KOCHI: Marriott International Inc launched its fifth hotel in India — Kochi Marriott Hotel in Kerala — on Dec 21.

“Kochi Marriott Hotel introduces a stylish, modern hotel experience for guests and has been designed to provide the best in-house service and facilities for business and leisure travellers,” said Kochi Marriott Hotel general manager Vineet Mishra in a statement recently. 

KOTA KINABALU: Vinci Construction Grands Projets Sdn Bhd has been awarded the main contract to complete Jesselton Residences in Kota Kinabalu, Sabah, by Palikota Sdn Bhd.

LONDON: Gatehouse Bank plc and Sigma Capital Group have started construction of 927 rental homes in the greater Manchester and Liverpool areas in the United Kingdom. 

KUALA LUMPUR (Dec 30): System integration outfit Metronic Global Bhd (MGB) has announced it will be diversifying into property development, and has proposed to acquire land measuring 31,943 square metres in Kuala Krai, Kelantan, for RM9.8 million.

KUALA LUMPUR (Dec 30): Property developer LBS Bina Group Bhd has received the first tranche of deferred cash payments amounting to HK$250 million (RM112.9 million) for the disposal of its stake in Lamdeal Consolidated Development Ltd (Lamdeal Development) and Lamdeal Golf & Country Club Ltd (Lamdeal Golf).

THE Penang secondary property market continues to perform well as developers hold back launches due to new and unbudgeted infrastructure charges, says Raine & Horne International Zaki + Partners Sdn Bhd director Michael Geh in presenting the Penang Housing Property Monitor for 3Q2014.