KUALA LUMPUR: RHB Research Institute said Sime Darby Bhd was likely, in the longer term, participate in Eastern and Oriental Bhd's (E&O) Seri Tanjung Pinang 2 (STP 2) project in Penang, which has a gross development value (GDV) of RM12 billion.

In its report issued on Wednesday, Oct 12, it expected profit to only come in two to three years' time.

PETALING JAYA: KUB Malaysia Bhd has won a RM268.8 million contract from Malaysia Airports Holdings Bhd (MAHB) to develop parts of the new low-cost air terminal or the Kuala Lumpur International Airport 2 (KLIA 2) in Sepang.

DUBAI: Dubai's residential real estate sector seems to be improving as faith in Dubai's economy returns, according to property specialist Cluttons in its Dubai Property Market Update for October 2011.

KUALA LUMPUR: Sunway Bhd and its joint venture partners have secured a parcel of leasehold land in Singapore for S$140.96 million (RM345 million) for a proposed project.

It said on Tuesday, Oct 11 the Urban Redevelopment Authority of Singapore had awarded the tender of the piece of land at Jalan Loyang Besar/Pasir Ris Rise.

KUALA LUMPUR: UOA Development Bhd is acquiring a 9.8 acre freehold land in Kepong for RM72.89 million to be developed into a residential development.

In a filing Tuesday, Oct 11, UOA said its wholly-owned subsidiary IDP Industrial Development Sdn Bhd had entered into a conditional sale and purchase agreement with Tago (Malaysia) Sdn Bhd for the proposed acquisition of the land.

KOTA KINABALU: All applications for the Treasury housing loans have to be made online, effective Jan 1 next year, Treasury Housing Loan Division secretary Datuk Shuib Md Yusop said.

The Housing Loan Division (BPP), he said, had been given three months to shift to the online system

IPOH: Sungai Rapat state constituency has emerged the first area in the state to be free of squatters, a senior state executive councillor, Datuk Hamidah Osman, said.

This follows the state government's decision to approve a 7.2 hectare area to be turned into a village for 46 squatter families from Kampung Kamariah and Kampung Pasir Tambahan.

BEIJING/HONG KONG: Concerns about a bubble in China's residential property market are spreading to the commercial real estate sector at a time when developers are upping their exposure, and the country's insurance industry is poised to invest huge sums into the space.

HONG KONG: Hong Kong Chief Executive Donald Tsang is expected to announce the resumption of building subsidised housing for sale in his final policy speech on Wednesday, Oct 12, in order to soothe public discontent about the city's sky-high property prices.

KUALA LUMPUR: The Voluntary Patrolling Scheme (VPS) should be extended to all housing areas in the city to ensure security and help the authorities check crime, said Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin.