PETALING JAYA: The first phase of DA Land Sdn Bhd’s maiden development, the 75-acre (30ha) LakeClub ParkHome residential project in Rawang, Selangor, is fully sold out since its soft launch last December. A total of 222 units of two- and 2½-storey terraced homes were offered in the first phase, covering 24 acres.

ALL was quiet in the early hours of Dec 6, 2008, when tragedy struck.

HAVING been around since the mid-1990s, Penang-based property developer Tambun Indah Land Bhd is not new to uncertainty in the market.It remains confident of achieving annual sales of between RM400 million and RM500 million for FY2013 and FY2014 ending Dec 31, on the back of new launches and ongoing projects. This is despite expectations of a slowdown in the sector.

KUALA LUMPUR (Aug 6): Sunway Real Estate Investment Trust recorded a net profit of RM229 million for its fourth quarter ended June 30, a drop of about 18% from the net profit of RM278.3 million posted in the previous corresponding quarter.

This was on the back of RM103.9 million in revenue compared with RM102.6 million in at the same time last year.

SINGAPORE: Singapore property and hotel firm City Developments Ltd posted a 48% rise in second quarter (2Q) net profit yesterday after gains from asset sales offset lower contributions from hotels.

CityDev earned S$203.8 million (RM520.7 million) in the three months ended June, up from S$137.7 million a year ago.

KUALA LUMPUR: A cap on the 7% to 10% discount for bumiputera house buyers is a controversial but much-needed initiative to address spiralling house prices.

The National House Buyers Association (HBA) said the powers-that-be would have to just bite the bullet and explore such reforms if it were sincere in providing affordable housing to all.

KUALA LUMPUR: The KL-Kuala Selangor Expressway, also known as the Latar Expressway, linking Kuala Lumpur with Ijok in Kuala Selangor, will see an increase of 10,000 users daily, with the completion of an interchange linking it to Bandar Tasik Puteri in Rawang by 2015.

KUALA LUMPUR: Kajang-based developer MKH Bhd has acquired a 100% stake in Puncak Alam Resources Sdn Bhd (PARSB) from the family of Tan Sri Rozali Ismail for RM30.6 million.

BLAZING a trail is never easy but Sheila Sriprakash has been able to overcome the obstacles in her way and do just that with verve and determination.She was in town last month as a keynote speaker at the Kuala Lumpur Design Forum 2013. Born in Bhopal, India, the architect recalls a wonderful childhood when she became proficient in dance and music.

EUPE Corp Bhd may not be a familiar name to many of us. However, the Kedah-based developer has been around for more than 25 years.