KUALA LUMPUR: PJ Development Holdings Bhd’s (PJD) 75%-owned unit Yarra Park City Pte Ltd has exercised its call option to acquire 2.026ha of freehold land in Melbourne, Australia for A$145 million (RM434 million) from Dynasty Falls Pty Ltd.

On June 19, Yarra entered into a put-and-call option deed with Dynasty to purchase the property.

KUALA LUMPUR: Mass Rapid Transit Corp Sdn Bhd (MRT Corp) said no discussions had been held with Syarikat Prasarana Negara Bhd on any integration between its MRT Sungai Buloh-Kajang (SBK) line and the proposed third light rail transit (LRT3) line, which is touted to cost as much as RM10 billion.

KUALA LUMPUR: Quill Capita Trust (QCT) saw its net profit decline 3.88% to RM8.56 million in its second financial quarter ended June 30, 2014, on higher property operating cost, finance cost and valuation fee.

Revenue was flat at RM17.35 million compared with RM17.27 million in the previous corresponding period, when it raked in a net profit of RM8.91 million.

KUALA LUMPUR: Property developer Talam Transform Bhd, which saw its joint-venture (JV) agreements with IJM Land Bhd being called off about two months ago, is now seeking new JV partners to jointly develop its land bank in Selangor.

KUALA LUMPUR: SYF Resources Bhd’s unit SYF Development Sdn Bhd will develop a residential project with a gross development value of RM160 million in Sungai Long, Cheras, Selangor.

KUALA LUMPUR: Tower Real Estate Investment Trust (Tower REIT), which is controlled by tycoon Tan Sri Quek Leng Chan, slipped 22.6% in its net profit to RM5.45 million for the second quarter ended June 30, 2014 (2QFY14), compared with the previous corresponding quarter’s net profit of RM7.04 million.

GEORGE TOWN: Penang Development Corp (PDC) has called for request for proposal (RFP) for what seems to be the state’s ninth affordable housing project, to be located on a former marshland and site once gutted by fire.

KUALA LUMPUR: GuocoLand (Malaysia) Bhd, the property arm of Hong Leong Group Malaysia, has in its pipeline several projects  with a total gross development value (GDV) of RM2.5 billion, which will last for three years.