Caely Holdings ventures into property development
KUALA LUMPUR: Caely Holdings Bhd is venturing into property development with the acquisition of a leasehold 52.79-acre land in Perak for RM3.7 million.
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BLand sinks into red with 4Q net loss
KUALA LUMPUR: Berjaya Land Bhd (BLand) went into the red in the fourth quarter ended April 30, 2011 with net losses of RM4.68 million compared with net profit of RM72.07 million a year ago due various factors including impairments and loss on disposal of certain quoted investments.
Education div, forex gains boost Selangor Properties's 2Q earnings
KUALA LUMPUR: Selangor Properties Bhd posted net profit RM30.22 million for the second quarter ended April 30, 2011 compared with net loss RM25.63 million a year earlier, due mainly to higher gain from its education division and unrealised forex gain of RM4 million.
Asset1 to venture into Vietnam by 2013
KUALA LUMPUR: Australian property developer Asset1 Pty Ltd aims to spread its wings to Vietnam by 2013 in its efforts to widen its regional presence, said managing director Luke Adams.
The property developer plans to make its debut in Vietnam's premium property market, targeting the republic's expatriate community, he told reporters on Monday, June 27.
50% of Aquina sold in weekend launch
SHAH ALAM: Aquina, the fourth and latest phase of the TTDI Alam Impian township in Shah Alam, has sold over 50% of its double-storey linked homes.
About 68 out of the 126 units available were taken up during the weekend launch, said developer NAZA TTDI in a statement on Monday, June 27.
China banks told to cut loans to property speculators
BEIJING: China has reiterated orders to banks to curtail lending to property developers who are speculating on rising house prices to guard against overheating in the frothy sector.
City&Country: Cover Story-- A walk down Jalan Bukit Bintang
One of the busiest roads in Kuala Lumpur has to be Jalan Bukit Bintang with its hordes of teenagers, tourists and office workers. Its vibrancy continues well into the night when the lights and cooler temperatures draw out more of the populace.
City&Country: First high-rise in Kampung Baru
While the government continues to grapple with the tedious process of getting the 110-year-old Kampung Baru Malay settlement redevelopment off the ground, a Kampung Baru resident is set to build a prominent building in the area.
City&Country: The Edge/Raine & Horne International Zaki+Partners Penang housing property monitor (1Q2011)
More growth expected as island sees new projects
MGPA to invest more in Asia
KUALA LUMPUR: Private equity real estate investment advisory company MGPA plans to invest more in Asia, including Malaysia, in the near future. “We think Malaysia offers fabulous investment opportunities. We look around the region and Malaysia is a destination we keep coming back to,” said MGPA Asia CEO John Saunders.
