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S P Setia hits record sales

KUALA LUMPUR: S P Setia Bhd has registered record sales of RM6.27 billion for the first 10 months of its 2013 financial year ending Oct 31 (FY13), which has surpassed its FY13 target of RM5.5 billion.  

New viewing platform to be built in Brooklyn Bridge Park

PETALING JAYA: Bjarke Ingels Group (BIG) and Michael van Valkenburgh Associates (MVVA) have unveiled their design for Pier 6 of Brooklyn Bridge Park, located at the intersection of Furman Street and Atlantic Avenue in New York City.

Thomson Three draws strong interest

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.

Maybe NZ has the answer to asset bubbles

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.

TSR Capital to develop Pulau Arang

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.

Symphony Life eyes 25% profit growth in FY14

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.

PR1MA confident of rolling out 80,000 units by year-end

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.

Benalec disposes of more land for RM50m

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.

Formis looking to raise stake in Ho Hup

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%.