KUALA LUMPUR (Mar 16): Zelan Bhd's 95%-owned Terminal Bersepadu Gombak Sdn Bhd (Tegas) on Thursday entered into a public-private partnership agreement with the government to construct the Gombak Integrated Transport Terminal (GITT), a deal that comes with a 25-year concession.

KUALA LUMPUR (Mar 16): Sunway Real Estate Investment Trust's (SunREIT) proposed issuance of up to RM1.6 billion in commercial papers has been approved by the Securities Commission Malaysia (SC).

KUALA LUMPUR (Mar 16): Selangor Dredging Bhd's wholly-owned SDB Properties Sdn Bhd has signed an agreement with Superior Dignity Sdn Bhd to buy three parcels of leasehold land for RM34.5 million.

SHAH ALAM: Setia City Mall, nestled in the heart of the 4,000-acre Setia Alam township in Shah Alam, is estimated to create some 2,000 jobs for the local community with its opening this May.The mall boasts a gross development value of RM450 million and spans approximately 700,000 sq ft of net lettable area spread over four floors.

PETALING JAYA: One Inspiration Development Sdn Bhd is bullish on the take-up of its newly launched SOHO development dubbed Avenue D’Vogue in Section 13, Petaling Jaya, as it targets the younger market. According to a company spokesman “We are targeting first time home buyers and young investors.

KUALA LUMPUR: Nearly 80% of those who had signed up for the 22nd National Real Estate Convention (NREC) to be held on April 18 at the Sime Darby Convention Centre are property developers, said organising chairman Lim Lian Hong.“Developers are now very hungry for information,” Lim said at a press conference yesterday.

KUALA LUMPUR (Mar 15): Special structural steel and power plant contractor, Eversendai Corp Bhd, expects to register an annual turnover of RM2 billion within the next five years from RM1.03 billion registered last year.

KOTA KINABALU (Mar 15): Centre Point Sabah (CPS), one of the state's largest shopping complexes, will spend several million ringgit to refurbish the 22-year-old shopping mall.

Pan-Pacific Construction Holdings Sdn Bhd managing director Andrew Chang Chi Ming said work is expected to start soon and completed in four months.

HONG KONG (Mar 15): China Overseas Land & Investment, the country's largest developer by market value, posted a 21.5% rise in full-year net profit on Thursday and said it expected restrictive property policies to remain in place for some time.

SYDNEY (Mar 15): Lloyds Banking Group has started the sale of A$2.1 billion (RM6.73 billion) of non-performing loans on distressed property in Australia as the group seeks to wind down non-core assets, a source close to the deal said on Thursday.