HONG KONG: Hong Kong home sales rose strongly for a second week as a push by developers to market new projects had a spillover effect, fuelling interest in the secondary market.

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) has received approval for Phase 2 of its proposed mixed integrated development in Tanjong Tokong, Penang.

KUALA LUMPUR: The Iskandar Regional Development Authority (IRDA) is pondering the viability of a 500km Mass Rapid Transit (MRT) project in the sprawling development region which would provide a direct link to Johor Bahru.

Investment Highlights

• We maintain our BUY rating on SP Setia and raise our fair value from RM7.38/share to RM8.10/share, at parity to our revised fully-diluted (FD) NAV of RM8.10/share.

KUALA LUMPUR: Mah Sing Group Bhd, through its wholly-owned subsidiary Mah Sing Properties Sdn Bhd, acquired 206 acres of freehold tract in Johor Bahru, according to a statement released by the developer on Tuesday, Apr 12.

DUBAI: Demand for office space in Dubai could get a boost in the medium term from the recent unrest in the Middle East and North Africa (Mena) as companies from volatile places relocate to relatively more stable markets like the emirate, according to Jones Lang LaSalle.

KUALA LUMPUR: Sunway City Bhd (SunCity) partly-launched Phase 1A of its Sunway Velocity project — consisting of 112 units of office suites with two levels of retail shops (one single-height unit besides an environmental deck, and one double-height unit on the ground floor, immediately below the single-height unit) — last Saturday, Apr 9, its managing director for property development Malaysia H

KUALA LUMPUR: Moevenpick Hotels & Resorts has announced the soft opening of Moevenpick Heritage Hotel Sentosa, its first property in Singapore, with the grand launch earmarked towards the end of the year.

KUALA LUMPUR: OSK Research is maintaining its "sell' call on IOI Corp Bhd at a fair value of RM4.41.

"As IOI is an established developer like City Development, we have little doubt that the venture into the Singapore property market will be profitable.

KUALA LUMPUR: Hong Leong Group's property arm GuocoLand (China) Ltd (GLC) became the first Malaysian company to officially adopt a baby panda at the China Conservation and Research Centre for Giant Pandas in Wenchuan County, Sichuan last Saturday, Apr 9.