IPOH (May 14): The Perak government has called on the federal and neighbouring state governments particularly Penang to view favourably the proposed low-cost carrier terminal (LCCT) in northern Perak as an airport that complements rather than competes with other airports in their respective states.

KUALA LUMPUR (May 14): The open tender for the supply of trains for the multi-billion dollar Klang Valley mass rapid transit (MRT) project is getting a tepid response from international players.

KUALA LUMPUR (May 14): The long drawn out legal tussle over the development rights of Ho Hup Construction Co Bhd's 60 acre land in Bukit Jalil will go before the Federal Court this week.

PETALING JAYA (May 14): Land & General Bhd (L&G), widely known as the developer of Bandar Sri Damansara, is currently in talks with several owners of prime land in the Klang Valley to either conduct joint developments or acquire the land, with potential gross development value (GDV) of RM1 billion, according to its managing director Low Gay Teck.

Property sector
Maintain neutral: The property market in 2011 maintained double digit growth of 14% y-o-y in volume, and 28% y-o-y in value (430,403 transactions worth RM137.8 billion).

KUALA LUMPUR (May 14): IGB Bhd shares rose on Monday after its 75%-owned KrisAssets Bhd said it would sell MidValley Megamall and The Gardens mall for RM4.6 billion to IGB REIT.

The transaction is to be satisfied by cash and units in the REIT.

At 11.23am, IGB added five sen to RM2.79 with 541,100 shares traded.

KUALA LUMPUR (May 14): KrisAssets Bhd shares rose on Monday after it proposed to dispose Mid-Valley Megamall and the Gardens to a real estate investment trust (REIT) owned by IGB Bhd for RM4.6 billion.

The transaction is to be satisfied by cash and units in the REIT.

At 10.20am, KrisAssets added 50 sen to RM7.51 with 299,800 shares traded.

Landed auction homes, especially those in the city or urban areas, continue to see strong demand, says auctioneer Raj Yogan Pillai Raman Pillai Saapahim, managing director of J Thilagamraj Auctioneers Sdn Bhd.

It’s raining a little, but do you mind if we have our interview on the yacht?” Ho Hon Sang, Sunway Bhd managing director of property development, Malaysia, asks City & Country.

The fact is, apartments in the city are shrinking in size.