BALIK PULAU (April 10): Improper and out of line. Datuk Seri Dr Hilmi Yahaya has censured the action of a private property agency which distributes letters to urge Balik Pulau residents to sell or rent out their land.

The Penang Umno information chief said the agency allegedly had an ulterior motive to reap profits for self-gain, and did not heed the welfare of the residents.

RANAU (April 10): The government allocated RM9.4 million to build new schools in Sabah's interior using the Industrialised Building System (IBS) which started last month, Works Minister Datuk Seri Shaziman Abu Mansor said.

PETALING JAYA (April 10): Dijaya Corp Bhd is poised to get an income boost after an amalgamation exercise where its major shareholder Tan Sri Danny Tan would inject assets with long-term lease arrangements and a rental yield of at least 8% yearly.

PETALING JAYA (April 10): UEM Land Holdings Bhd has proposed to purchase a 122.28-acre parcel of land from Khazanah Nasional Bhd for RM93.21 million or RM17.50 per sq ft, as the property developer takes steps to consolidate its landbank in Nusajaya, Iskandar Malaysia.

Hua Yang Bhd (April 9, RM1.45)

Al-'Aqar KPJ REIT (April 9, RM1.20)

SHAH ALAM: Naza TTDI Sdn Bhd, the property developer privately held by the Naza brothers, is looking at a busy but exciting time ahead. Its landbank totalling a whopping 1,200 acres (480ha) with a potential gross development value (GDV) of RM20 billion is expected to keep it busy for at least the next 10 years.

Having made a name for itself in Pantai Dalam on the fringes of Kuala Lumpur city as a “white knight” for some beleaguered projects there, Amona Holdings Bhd is taking another step towards becoming a full-fledged property developer in the Klang Valley with a new residential development.

The property market may be experiencing a slight slowdown, but that has not deterred developers such as the Titijaya Group of Companies from launching a number of new products this year. In fact, this year will see the developer achieving some milestones in terms of its property portfolio.