PENANG: Eastern & Oriental Bhd (E&O) launched the final tower of its 18 East at Andaman project on Jan 31.

The tower is part of E&O’s Seri Tanjung Pinang master plan development in Penang that was launched in 2005.

BANGKOK: The Bangkok condominium market has seen a rush in new condo projects launch, especially in the midtown and suburban market since the third quarter of 2014 (3Q14) following the coup in May last year, said CB Richard Ellis (CBRE) executive director James Pitchon.

PUNE: Foreign investment funds are avoiding the Indian real estate market due to lack of regulation and political stability.

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.