HONG KONG: Glorious Property Holdings Ltd said its chief executive officer (CEO) and chief financial officer (CFO) resigned less than one month after shareholders rejected an offer by Chinese billionaire Zhang Zhirong to take the developer private.

KUALA LUMPUR: The recent hike in commercial electricity tariff by about 16% in peninsular Malaysia will have a moderate impact on the earnings growth of Malaysian real estate investment trusts (REITs), said industry players.

KUALA LUMPUR: India’s first monorail, a joint venture between India’s Larsen & Toubro and Malaysia’s Scomi Engineering Bhd (the transport arm of Scomi Group Bhd), opened to the public on Sunday, transporting about 40,000 passengers in the first two days of operation.

KUALA LUMPUR: Property developer and builder TSR Capital Bhd, together with Lembaga Tabung Angkatan Tentera (LTAT) and bumiputera-owned Pembinaan Bukit Timah Sdn Bhd (PBT), will redevelop the existing 1,007-acre (407.52ha) air force base in Butterworth, Penang into an integrated mixed-use project with a potential gross development value (GDV) of more than RM10 billion.

THE roads of Pajam in Negeri Sembilan, a little over an hour’s drive from Kuala Lumpur, are lined with old kampung houses that have seen better days. Seri Pajam Development Sdn Bhd, the largest developer there, is looking to change that.

Pajam falls under the Nilai district and sits along the main road that connects Kajang and Seremban.

THE number of auctions dwindled in the second half of 2014 with fewer properties available to go under the hammer, according to auctioneers polled by City & Country. Due to the continued strong demand for residential properties, especially in the low and medium-cost range, and house values holding firm, many owners were able to dispose of their homes by themselves.

THE residential market performed well last year, according to Nabeel Hussein, associate director of C B Richard Ellis (Malaysia) Sdn Bhd.

GEORGE TOWN: Determined to demonstrate that it is not side-lining Pakatan Rakyat-held Penang, the Barisan Nasional (BN) federal government has decided to pump in some RM1.25 billion in projects in the state this year.

KUALA LUMPUR: Winning the bumiputera companies’ category bid for the Employee Provident Fund’s (EPF) Kwasa Damansara township development will give TRC Synergy Bhd’s property segment a nice boost, say analysts.  

“Over the last two years, property contribution has been relatively insignificant at 4-8% of (its) revenue.