KUALA LUMPUR: Mah Sing Group Bhd’s proposed acquisition of 20 pieces of prime freehold land in Jawi, Penang totalling 76.38 acres (30.9ha) from four separate vendors for RM42.59 million or RM12.80 per sq ft, has hit a roadblock.

KUALA LUMPUR: IOI Corp Bhd founder and executive chairman Tan Sri Lee Shin Cheng (pic) said there is no property bubble in Malaysia, although the housing market is slowing down.

He sees fewer residential property launches and slower sales this year due to the cooling measures announced in Budget 2014.

KUALA LUMPUR: Eco World Development Group Bhd is on track to achieve RM2 billion sales for financial year 2014 ending October (FY14) after achieving RM1.13 billion sales, representing 56.5% of its full-year sales target as at March 31 this year.

Property sector

KUALA LUMPUR: PN17 outfit Pan Malaysian Industries Bhd (PMI) may be looking to sell its last property — a vacant piece of land situated in Jalan Mayang, near KLCC, to sister company Malayan United Industries Bhd (MUI) for some RM32 million cash, said a source.

SINGAPORE: CapitaLand Ltd yesterday said its ownership of CapitaMalls Asia Ltd had crossed the 90% threshold, meaning it could delist the shopping malls operator from the Singapore Exchange.

NUSAJAYA: Goldbury Communications Sdn Bhd will take up 9,200 sq ft of office space in Medini 6, the first purpose-built office development by Medini Iskandar Malaysia Sdn Bhd (MIMSB). Goldbury will also take up another 29,000 sq ft in the upcoming Medini 7 in June 2015.

PETALING JAYA: Primarc Development (M) Sdn Bhd’s residential development in Rawang in Selangor, Fields of Gold, was launched yesterday and 50% has been booked. “This is considered the flagship project for Primarc. With Primarc, I want to create something different. Which is why any project under Primarc would be exclusive. Once a project is done, you can’t get the same unit again.

KUALA LUMPUR: A total of 24 participants comprising established and emerging (Malaysian) architects will collaborate with artists and multimedia designers to present Malaysian ideas and works  at the 14th International Architecture Exhibition La Biennale di Venezia.

KUALA LUMPUR: IJM Land Bhd, the property development arm of IJM Corp Bhd, together with its joint-venture partner Amona Development Sdn Bhd, will launch a 58-acre (23.4ha) township project called Pantai Sentral Park in Bukit Kerinchi here by the end of this month, which has a gross development value (GDV) of RM2.5 billion.