KUALA LUMPUR: Mulpha International Bhd’s FKP Property has been rebranded to Aveo Group, an Australian property and investment company which focuses on retirement village ownership and management. Mulpha owns 26.2% of Aveo. Currently, Aveo has 76 villages in Australia.“Prior to the global financial crisis, FKP offered a diversity of earnings,” executive chairman Lee Seng Huang said on Monday.

KUALA LUMPUR: Battersea Power Station Development Co said there is strong progress in its London-only sales programme for the 254 houses at the Battersea Power Station in London.

“In the first week of sales, reservations were taken for 95% of the properties with many buyers intending to be owner-occupier of the larger than average sized units with high specification interiors.

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) expects the take-up rate for its luxurious Ritz-Carlton Residences Kuala Lumpur to hit 60% by year-end.

“The property market is softening a bit, but we don’t see any ‘bubble burst’. Property prices will still go up over time in line with rising material costs,” said Berjaya Land Bhd chief executive officer Datuk Francis Ng.

KUALA LUMPUR: Construction and infrastructure group Ekovest Bhd is planning several property projects with a gross development value (GDV) of RM10.6 billion by 2023.

Managing director Datuk Lim Keng Cheng said the group plans to develop its landbank in Kuala Lumpur and Johor, with a GDV of RM5.6 billion and RM5 billion respectively, over the next five to 10 years.

KUALA LUMPUR: Tan Sri Liew Kee Sin has emerged as a substantial shareholder of Eco World Development Group Bhd, with an indirect 35.05% stake in the property development company, controlled and run by former S P Setia Bhd executives.

KUALA LUMPUR: Genting Bhd yesterday unveiled plans for a massive multi-phased opening of Resorts World Las Vegas at a briefing held by the Nevada Gaming Control Board.

KUALA LUMPUR: Tropicana Corp Bhd is partnering with Hong Kong-listed Agile Property Holdings Ltd to jointly develop 3.138 acres (1.269ha) of prime land near Bukit Bintang in Kuala Lumpur.

PETALING JAYA (May 8): Tropicana Corp Bhd announced this morning it is selling a 1.3ha (3.138 acre) land along Kuala Lumpur's Jalan Bukit Bintang to a company jointly owned by Tropicana and Hong Kong-listed developer Agile Property Holdings Ltd for RM448.4 million cash.

Parkson Holdings Bhd
(May 7, RM2.95)
Maintain sell with target price of RM2.20: We reaffirm our “sell” recommendation on Parkson with an unchanged sum-of-parts based fair value of RM2.20 per share.

KUALA LUMPUR: The Malaysian National Co-operative (Angkasa), in a move to be involved in high-impact activities, will venture into real estate in September with the construction of 500 units of affordable houses in Alor Gajah, Melaka.