KUALA LUMPUR: PLB Engineering Bhd's wholly-owned subsidiary, PLB Land Sdn Bhd, is acquiring half share over two pieces of
land in Teluk Ketumbar, Penang, from Puan Che Siah Ibrahim, for RM4.2 million.

The purchase of the land measuring 17,681.4712 square meters and 5,916.5035 square meters, respectively, would be financed via internally generated funds.

KUALA LUMPUR: Committed investments in Iskandar Malaysia have reached RM76 billion as of the first half of this year, with 40 per cent or RM30 billion, having been realised, said HwangDBS Vickers Research.

JOHOR: Johor Premium Outlets, South East Asia’s first Premium Outlet Center is set to open on schedule in November with more than 80 stores.

HONG KONG: A Hong Kong government land auction of a residential site fetched HK$3.12 billion (RM1.19 billion), far below market expectations, with developers cautious as an uncertain global economic outlook keeps property sales sluggish.

KUALA LUMPUR: Trinity Group Sdn Bhd has clarified that the company is not in any way associated with Trinity Corporation Bhd (formerly Talam Corporation Berhad).

CANBERRA (Australia) Australian Bureau of Statistics (ABS) Housing Finance figures for July 2011 show in trend terms that the number of finance commitments increased marginally for the third consecutive month as July recorded an increase of 1.7 per cent.

KUALA LUMPUR(Bernama) -- The acquisition of nine lots of land in Bukit Bintang area for the Klang Valley-Sungai Buloh-Kajang Mass Rapid Transit project (MRT) will not proceed until Sept 15.

This was after the High Court had on Tuesday, Sept 6 extended an interim stay of the acquisition of nine lots of the land until that date.

CAMBRIDGE: Kingfishers Bridge wildlife reserve in Britain has come onto the market for sale through Savills with a guide price of £2.3 million.

HONG KONG: Just 157 flats were offered for sale by developers last month, the lowest total in eight months. But analysts expect the number of new releases to pick up again in the coming weeks.

KUALA LUMPUR: The higher end of the Malaysian property market will likely be hit most severely should Bank Negara Malaysia (BNM) initiate measures for banks to compute household debt based on a borrower’s net income rather than gross income, said RHB Research.