KUALA LUMPUR: Shareholders of Benalec Holdings Bhd voted overwhelmingly in favour of the disposal of three parcels of land valued at RM96.95 million to companies that one of its executive director and a major shareholder have interests in.

LONDON: British house prices are rising at their fastest pace in three years and the country’s lagging industrial sector is now contributing to the economy’s recovery, data showed yesterday.

PETALING JAYA: Asian investors have benefited from new-build residential investments in London as private tenancies in the city have increased significantly over the last decade, according to a research published by UK property consultant Cluttons.For the last decade, there has been an 80% increase in private tenancies in London and buy-to-let investors are capitalising on the rapidly expanding

THOSE familiar with Jalan Klang Lama (or Old Klang Road) in Kuala Lumpur will know that this area was synonymous with traffic jams and flooding in the not-too-distant past. Today, things have changed — there is a six-lane carriageway, less flooding thanks to the deepening of the Kerayong River, and evidence of development and prosperity in the surrounding neighbourhoods.

Property developers, investors and homeowners are growing increasingly concerned about the government’s frequent and strident statements on excessive froth in the property market. Does this mean that everyone else can rest easy?

KUALA LUMPUR: Protasco Bhd has won a tender from Desaru Development Holdings One Sdn Bhd for construction works worth RM50.4 million.

In a filing with Bursa Malaysia, the infrastructure development provider said its subsidiary HCM Engineering had received a letter of acceptance from Desaru Development.

KUALA LUMPUR: Paramount Corp Bhd (PCB) will not be expecting much growth in earnings amid a slowdown in the company’s property launches this year, said executive deputy chairman and group CEO Datuk Teo Chiang Quan.

KUALA LUMPUR: Naim Indah Corp Bhd has proposed a renounceable rights issue after a proposed reduction of par value to raise fresh funds for its property development costs.

Naim is buying a property development company from its substantial shareholder Datuk Raymond Chan for RM39 million. Chan currently holds 8.73% equity interest in Naim.

DATUK Alan Tong, chairman of Bukit Kiara Properties Sdn Bhd, does not need much introduction, especially in the real estate fraternity. Renowned for transforming a rubber estate on the fringe of Kuala Lumpur into what is now the affluent township of Mont'Kiara, Tong became known as "KL's Condo King" in the 1990s.