SINGAPORE: Thomson Three, the first large-scale condominium project in the Thomson area since 2011, received strong interest during its preview. The 99-year leasehold project is a 50:50 joint venture between UOL Group Ltd and Singapore Land Ltd. The 21-storey condo offers 435 apartment units and 10 strata semi-detached houses. Thomson Three was to be launched on Sept 21.

AS the world’s biggest economies search for ways to let the air out of giant asset bubbles, they might find some answers in tiny New Zealand.

PORT DICKSON: TSR Capital Bhd, the developer of the PD Waterfront mixed development, plans to develop 4.45ha of land on Pulau Arang, near here.

TSR Director Datuk Wan Abd Razak Ismail said the island project is a strategic partnership between the company and the government to boost the nation’s tourism sector.

KUALA LUMPUR: Symphony Life Bhd is looking at increasing its profit growth by up to 25% for financial year 2014 (FY14) ending March 31, supported by ongoing projects and property launches as well as unbilled sales of RM500 million.

KUALA LUMPUR: PR1MA Corp Malaysia (PR1MA) is confident of rolling out affordable housing schemes involving a total of 80,000 units by the end of this year, said its CEO Datuk Abdul Mutalib Alias.

He told the The Edge Financial Daily that the target would be achieved although there are only a few more months left before 2013 comes to a close.

KUALA LUMPUR: Benalec Holding Bhd’s indirect subsidiary, Orientalcove Property Sdn Bhd, has disposed of six pieces of leasehold land in Melaka, measuring a total of 121, 404 sq m, to Ultra Harmony Development Sdn Bhd for RM50.96 million cash.

KUALA LUMPUR: Formis Resources Bhd is still looking to acquire more shares in Ho Hup Construction Co Bhd, in which it currently holds 22.66%.

KUALA LUMPUR: Singapore’s industrial businesses are expected to move on a large scale to Iskandar Malaysia in Johor within the next 20 years, due to the city state’s stringent land policies.“Quite a bit of industrial land in Singapore is on a leasehold basis.

PETALING JAYA: The lower than expected growth rate of Malaysia’s retail industry in the first two quarters of the year, is expected to pick up towards the end of 2013, according to Retail Group Malaysia’s (RGM) latest retail industry report.While RGM expects to see 6% growth for the local retail industry in 2014, it cautioned that retailers and consumers should prepare for some challenges next

IJM Corp Bhd
(Sept 23, RM5.75)
Maintain buy at RM4.70 with a higher target price of RM7.20 (from RM6.60): We are switching our top pick to IJM from Gamuda. The timing of the award of the West Coast Expressway (WCE) will be sooner (around 1Q14) than the MRT Line 2 (2Q15).