KUALA LUMPUR: After prolonged discussions, Malaysia and Singapore's plans to cooperate on land development in both countries have taken off with the establishment of two joint-venture (JV) companies on Monday, June 27, and the appointment of UEM Land Holdings Bhd and two units of Temasek Holdings Ltd to oversee the development and marketing of the Singapore projects.

KUALA LUMPUR: S P Setia Bhd has sold 70% of its first project in Australia after a three-day preview here.

"We are overwhelmed by the strong support shown by Malaysian property investors for our maiden Australian venture," said president and CEO Tan Sri Liew Kee Sin in a statement.

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.

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.

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.

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.

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.

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.

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.

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.