KUALA LUMPUR: Investors looking for exposure to the Penang property market have naturally gravitated to the island, with Eastern & Oriental Bhd (E&O) being the current hot favourite. They have largely ignored the mainland.

KUALA LUMPUR: Platinum Victory Property Sdn Bhd has embarked on a 2ha mixed development in Jalan Sultan Ismail with an estimated gross development value of RM2.5 billion. Known as the Platinum Victory Face Project, it will be developed over three phases.

KUALA LUMPUR: Dubai’s real estate market is showing signs of stabilising, according to the Dubai Real Estate Market Overview for 2Q11 report by real estate investment advisory Jones Lang LaSalle.

KUALA LUMPUR: Trinity Group Sdn Bhd may sell the third phase or Tower C of The Z Residence condominiums in Bukit Jalil, which will be launched tomorrow, through balloting.

KUALA LUMPUR: With an estimated population growth of 2.1% per year and low housing completion, the Australian residential property market is poised to offer investors stable and reliable returns in the coming years. “Australia currently has a rental vacancy rate of less than 2%.

KUALA LUMPUR: Mahajaya Bhd chairman Muhamad Shapiae Mat Ali disposed of all his 3.856 million shares or 1.4% in the property company on Wednesday, Aug 3.

On the same day, deputy group managing director Tan Ming Ban acquired 2.738 million units or 1% on the same day.

KUALA LUMPUR: Shares of Eastern and Oriental Bhd (E&O) edged up in afternoon trade on Thursday, Aug 4 as the positive outlook for the property company outweighed a statement that S P Setia Bhd was not looking at acquiring it.

At 3.34pm, E&O was up two sen to RM1.68, off the earlier high of RM1.75. There were 9.34 million shares transacted.

KUALA LUMPUR: S P Setia Bhd said it was on the lookout for strategic partnerships and opportunities to increase its land bank.

KUALA LUMPUR: A detailed master plan of the Kuala Lumpur International Financial District (KLIFD) is scheduled to be completed in the first quarter of 2012.

1Malaysia Development Bhd (1MDB) said it had chosen Akitek Jururancang (Malaysia) Sdn Bhd and its international partner Machado Silvetti and Associates as the master planners for the KLFID project.

SINGAPOREL CapitaLand, Southeast Asia's largest property developer, said on Thursday, Aug 4 its second quarter net profit, excluding revaluations and impairments, rose 27% year-on-year, helped by higher revenue from development projects in Singapore and China.