KUALA LUMPUR: The Agathians Shelter will be transformed into the country’s first “green” children’s home by Rehda Youth, the youth wing of the Real Estate & Housing Developers’ Association (Rehda).

SHAH ALAM: The green features of the Selangor State Development Corporation or PKNS’ new headquarters in Shah Alam are expected to result in long-term savings in utilities of up to 60%, said its general manager Othman Omar.“We are aiming for a Green Building Index (GBI) platinum rating for the new headquarters Laman PKNS and we have appointed an international consultant to achieve this”, Othman

KUALA LUMPUR: In a move to grow its business overseas, Magna Prima Bhd is acquiring a residential development in Melbourne, Australia for A$26 million (about RM84 million).

KUALA LUMPUR: All 102 units of The Grove semi-detached homes at YTL Land & Development Bhd's Lake Fields township in Sungei Besi were sold in two days last weekend.

KUALA LUMPUR: Property developer Mah Sing Group Bhd will continue to acquire prime land and enter into joint ventures in future, to further boost its expansion strategy.

KUALA LUMPUR: Property development player Merge Housing Bhd has received a conditional takeover offer from its major shareholders in a privatisation exercise worth RM48.3 million.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has signed a strategic alliance memorandum of understanding (MoU) with the Korean Teachers Credit Union (KTCU) to collaborate on potential future property projects.

KUALA LUMPUR: TA Enterprise Bhd posted a net profit of RM33.7 million for its first quarter (1Q2012) ended April 20, 2011, up from the RM22.7 million posted a year ago.

Its revenue also increased to RM174.7 million from RM142.3 million last year, it said in a Bursa announcement on Wednesday, April 29.

SHANGHAI: Rising inventory relative to demand and new curbs on lending will force developers to cut home prices on the mainland from the third quarter, according to a report by international property consultant Knight Frank.

HONG KONG: When Heather Wedl and husband Monte moved to Hong Kong from the United States three years ago, they knew they would be in for a shock when it came to renting a flat.

They'd come from a four-bedroom house with two-car garage in downtown Memphis, Tennessee, the headquarters of Federal Express, where Monte Wedl works as a pilot for the company's freight planes.