KUALA LUMPUR (April 19): Construction of the Great Mall of China (GMOC), which is divided into several phases, is progressing well, says Berjaya Great Mall of China Co Ltd.

In a statement, the Berjaya Land Bhd subsidiary said it had commenced construction work on phase one of the mall project which consisted of a built-up area of 281,869 sq m.

KUALA LUMPUR (April 19): Capitamalls Malaysia Trust's (CMMT) first quarter net profit rose 10% from a year earlier as the retail-based Real Estate Investment Trust (REIT) registered higher revenue following the inclusion of the East Coast Mall in Kuantan to the group's portfolio.

KUALA LUMPUR (April 19): SCP Inanam Sdn Bhd's industrial shop offices — dubbed Inanam Capital — has raked in 70% sales since its launch less than two months ago.

The industrial development located in Inanam, Kota Kinabalu sits on 17 acres of land, with a total built-up area of 800,000 sq ft. It is considered one of the largest developments of its kind in Inanam.

KUALA LUMPUR (April 19): LBS Bina Group Bhd is negotiating the sale of up to 100% of its subsidiary Dragon Hill Corp Ltd for an indicative price of about HK$1.65 billion (RM651.76 million).

KUALA LUMPUR (April 19): The government's proposal to double the floor price of residential properties for foreign buyers from RM500,000 to RM1 million will be a discouraging factor, said Datuk Abdul Rahim Abdul Rahman, founder and executive chairman of Rahim & Co Chartered Surveyors Sdn Bhd.

KUALA LUMPUR (April 19): The government needs to address the imbalances in the local housing market, as more developers gravitate towards the more profitable luxury segment.

KUALA LUMPUR (April 19): The government needs take tougher action to slow down commercial property developments to address the growing oversupply in the sector, property industry executives said.

KUALA LUMPUR (April 18): The global accreditations of an office building and its facilities take precedence over views for potential office tenants, said CB Richard Ellis (Malaysia) Sdn Bhd executive chairman Christopher Boyd.

PETALING JAYA (April 18): For now, survival isn't a problem for debt-heavy Johor Corp (JCorp). Last week's fundraising exercise has given the state-owned investment arm some breathing room to deal with its debt problems. But in the medium term, the company may still need to face the reality of asset sales.

KUALA LUMPUR (April 18): Hua Yang Bhd will unveil The Alder Residences — the first phase of its freehold Taman Pulai Hijauan township — in Johor on Sunday.