KUALA LUMPUR: Johor Corp (JCorp) is positive about the conditions for selling its 9.57 acres (416,993 sq ft) of land in Pusat Bandar Damansara (PBD) to Impian Ekspresi Sdn Bhd (IESB), a private company majority owned by Datuk Desmond Lim Siew Choon of Malton Bhd and his wife Datin Tan Kewi Tong.

KUALA LUMPUR: UEM Land Bhd’s net profit for its first quarter ended March 31, 2013 (1QFY13) soared 290% to RM211.1 million from RM54.2 million in 1QFY12.

This was achieved on higher revenue of  RM711.5 million, compared with RM303.7 million in 1QFY12. The growth was attributed to the completion of the sale of its land in Puteri Harbour, Johor.

KUALA LUMPUR: The continuous delays in the opening of the low-cost carrier terminal klia2 are seen as a burden for Malaysia Airports Holdings Bhd (MAHB), say analysts.

NOW that the much-anticipated general election is over, the local property market looks poised for more activity with the number of new launches coming up. This will ease the pent-up demand among local property investors and homebuyers.

WHEN it comes to property investment, Ho Chin Soon’s latest mantra is “follow the infrastructure”.

KUALA LUMPUR: Office space take-up in Malaysia is seeing gradual positive growth, regardless of the outcome of the recently concluded 13th general election (GE13).

CBRE Malaysia Sdn Bhd executive chairman Christopher Boyd said unlike residential take-ups, office space occupancy has not been held back by concerns arising from GE13.

KUALA LUMPUR: Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded two work packages for a fire detection and protection system for the Klang Valley MRT Sungai Buloh-Kajang (SBK) line, worth RM54.25 million.

PARIS: Club Mediterranee’s top shareholders plan to make a bid valuing the French holiday firm at around €541 million (US$700 million or RM2.1 billion), seeking to accelerate its shift to fast-growing emerging markets and away from recession-hit Europe.