KUALA LUMPUR: Trinity Group Sdn Bhd is planning to launch RM660 million worth of residential projects in the Klang Valley over the next 12 months, said the founder and managing director Datuk Neoh Soo Keat.

The projects will be in Sungai Besi and Mont Kiara, he told reporters yesterday. Both projects are high-rises.

PETALING JAYA: YTL Hotels will be launching Kasara, a new hotel brand in Niseko Village in Hokkaido, Japan in December, according to a press release on Wednesday.

PETALING JAYA: Timeless Homes GmbH announced last Friday that its new brand Timeless Chalets has been put on the market with the brand’s first project, a luxury chalet in the town of Going. This location is within a region called Wilder Kaiser, which is one of the top real estate locations in the Tyrol Alps in Austria.

KUALA LUMPUR: Trading in shares of Goldis Bhd and IGB Corp Bhd will be halted today pending a “very material announcement” that is speculated to be a second attempt by the controlling Tan family to tighten their grip on the prized Mid Valley Megamall and The Gardens Mall assets, which are wholly-owned by IGB Real Estate Investment Trust (REIT).

KUALA LUMPUR: Six months after the completion of the demerger of IOI Corp Bhd’s property business, its shareholders are still enjoying the benefits of the corporate exercise.

GEORGE TOWN: The DAP has called on Bank Negara Malaysia (BNM) to reinstate the developer interest bearing scheme (DIBS) for buyers of houses costing less than RM400,000 to compensate for any negative inflationary impact and higher loan repayments from the hike in interest rates.”

KUALA LUMPUR: Land & General Bhd (L&G) plans to reward its shareholders by issuing bonus shares, likely to be done in the first half of next year, said its chief financial officer KC Ng.