KUALA LUMPUR: About 80% of YTL Land & Development Bhd’s second-phase luxury condominium, The Fennel, was sold during its two-day preview last weekend.“The response to The Fennel has really exceeded our expectations and it’s humbling to see the passion our customers have towards our offerings,” said executive director Datuk Yeoh Seok Kian.

SINGAPORE: Southeast Asia’s largest property developer CapitaLand Ltd plans to sell a third of its interest in Australand Property Group, just months after a strategic review concluded the stake was a “key investment.”

CHRIS METCALF commutes for 45 minutes to Singapore each day from Iskandar, a region just over the border in Malaysia, to work as a lawyer at Clyde & Co LLP.

SHAH ALAM: The Selangor government has not granted approvals to environmentally sensitive sections of the proposed East Klang Valley Expressway (EKVE), commonly known as the Kuala Lumpur Outer Ring Road, the state assembly was told yesterday.

KUALA LUMPUR: UOA Development Bhd has entered into sale and purchase agreements (SPA) through its wholly-owned subsidiaries to buy seven pieces of freehold land in Sentul, Kuala Lumpur worth RM130.3 million.

KUALA LUMUR: Kuala Lumpur Kepong Bhd’s (KLK) net profit fell 39% year-on-year to RM258 million for the fourth quarter ended Sept 30 of 2013 financial year (4QFY13), from RM422.3 million in the previous corresponding period.

Revenue stayed largely unchanged at RM2.41 billion during the quarter, indicating the weak crude palm oil price had eroded its earnings.

PETALING JAYA: Property developer Tropicana Corp Bhd will continue to focus on unlocking its non-core assets as part of the company’s transformation business strategy, said group CEO Datuk Yau Kok Seng.

He said one of the initiatives taken was its de-gearing programme which would enable the company to achieve its desired gearing ratio.

KUALA LUMPUR: Al-Hadharah Boustead Real Estate Investment Trust’s (Boustead REIT) independent adviser Hong Leong Investment Bank (HLIB) is of the opinion that the privatisation of the REIT by its major shareholder, Boustead Holdings Bhd, is “fair” and “reasonable”.

KUALA LUMPUR: Malaysia will continue to focus on infrastructure development and investment facilitation to further boost the inflow of foreign investments, said Minister of International Trade and Industry Datuk Seri Mustapa Mohamed yesterday.