KUALA LUMPUR: Dijaya Corp Bhd, best known for its development of Tropicana Golf and Country Resort, has acquired 88.5 acres (35.4ha) of freehold land in Subang Hi-Tech Industrial Park, Selangor.

The land was acquired from Chunghwa Picture Tubes (Malaysia) Sdn Bhd (CPT) for RM385.5 million.

KUALA LUMPUR: UOA Development Bhd made a lacklustre debut on the Main Market of Bursa Malaysia on Wednesday, June 8, closing one sen lower at RM2.59 with 78 million shares done.

It had earlier fallen to its intra-day low of RM2.48.

The institutional price was RM2.60, and the final retail price at RM2.52 after the book-building exercise.

KUALA LUMPUR: Mah Sing Group Bhd received four awards at the Asia Pacific International Property Awards 2011 that was held in Shanghai recently.

HONG KONG: Home sales rebounded during the Dragon Boat festival holiday weekend, property agents said.

At the 10 major housing estates monitored by Centaline Property Agency, 48 flats were sold, up 11.1% on sales concluded over the previous weekend.

HONG KONG: Christy Yao Xue is hot property these days. Yao, who runs a retirement home in Beijing, is being head-hunted for her skills and experience by mainland developers, private equity funds and international operators of retirement housing schemes.

HONG KONG: Texas-based real estate agency Keller Williams Worldwide plans to establish a foothold in Hong Kong by selling a franchise to an individual investor to operate agencies under its brand.

HONG KONG: The auction on Thursday, June 9 of the Borrett Road luxury residential site in Mid-Levels is likely to set a record land price for Hong Kong, according to property analysts.

Surveyors expect the site, at 21, 23 and 25 Borrett Road, will sell for between HK$12 billion and HK$15 billion (RM4.65 billion and RM5.81 billion), or HK$27,500 and HK$34,500 per square foot.

HONG KONG: Malaysian developers are hoping to attract buyers for a Kuala Lumpur project from among affluent Chinese investors both in China and in Hong Kong.

KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB) is poised to reposition its CapSquare Centre shopping mall into an ICT retail centre called PIKOM ICT Mall@CapSquare tentatively scheduled to launch on Sept 15.

KUALA LUMPUR: Ho Hup Construction Co Bhd has won back a piece of prime land in Bukit Jalil after the Kuala Lumpur High Court declared null and void a joint development agreement (JDA) that was long deemed unfavourable by the company's existing shareholders.