KUALA LUMPUR:  Sunway Bhd’s  property arm Sunway Integrated Sdn Bhd sold 70% of its recently launched Sunway Geo Phase 2, which carries a gross development value (GDV) of RM452 million.

The overwhelming take-up rate followed last year’s successful launch of Sunway Geo Phase 1, which has been fully sold, the group said.

KUALA LUMPUR: Bank Islam Malaysia Bhd sees no impact on its consumer financing segment with the new regulations introduced by Bank Negara Malaysia (BNM) recently.

Business development director Khairul Kamarudin said Bank Islam is confident of achieving 10% to 20% growth in the segment this year.

KUALA LUMPUR: Property investment company Perduren (M) Bhd expects a one-off gain of RM751,000 for its 2014 financial year ending March 31, following an asset disposal for RM11 million.

In a note to Bursa Malaysia yesterday, Perduren said it had entered into a sale and purchase agreement to dispose of a retail lot to Desa Ledang Sdn Bhd for RM11 million cash.

UEM Sunrise Bhd, formerly known as UEM Land Holdings Bhd, plans to launch RM4 billion worth of properties this year.

KUALA LUMPUR: Demand for London homes will outstrip supply by 48% over the coming decade, according to Knight Frank's “London Calling — London Residential Development Report 2013" report.Although there is substantial increase in new residential development activities in many areas of London, an analysis of planning and construction pipeline confirms that supply will still fail to keep up with d

KUALA LUMPUR: Property developer Zikay Group Sdn Bhd has become the second bumiputera company to launch projects worth RM600 million in gross development value in Iskandar Malaysia, Johor.

As Singapore continues to rein in home prices, further unsettling developers and investors in the process, property group Far East Orchard Ltd is seeking steadier returns and better value for shareholders from abroad.

KUALA LUMPUR: Matrix Concepts Holdings Bhd, a leading property developer in Negeri Sembilan, will acquire two pieces of land totalling 174ha in Bandar Sri Sendayan, Negeri Sembilan, for RM106.8 million.

KUALA LUMPUR: LBS Bina Group Bhd has signed a joint venture (JV) agreement with Hotel Rasa Sayang Sdn Bhd to undertake a residential development project in Johor with a gross development value of RM500 million.

KUALA LUMPUR: Malaysians may have to pay more for electricity as Tenaga Nasional Bhd (TNB) is set to resume the fuel cost pass-through (FCPT) mechanism next year.