KUALA LUMPUR: Berjaya Corporation Bhd (BCorp) and POSCO E&C Co Ltd signed a Memorandum of Understanding (MoU) for mutual cooperation on projects relating to engineering, construction and development.

The MoU was signed at the Berjaya Times Square Hotel in Kuala Lumpur on Wednesday, July 13.

KUALA LUMPUR: AM-EL Group Sdn Bhd is set to hold a preview for its condominium development called St John Woods Residence this weekend. The developer is confident in selling all the 48 units of the RM180 million development, located on Persiaran Raja Chulan in Kuala Lumpur, during its preview.

KUALA LUMPUR: Naza TTDI Sdn Bhd plans to launch its Semarak Avenue mixed-development at Jalan Semarak in 3Q2012, said group managing director SM Faliq SM Nasimuddin on Wednesday, July 13.

It was reported earlier that the project has a gross development value of RM1 billion and will comprise 1,625 housing and commercial units built over a 14-acre tract of land.

KUALA LUMPUR: RHB Research Institute says Malaysian REITS (MREITS) could be worth a look especially for investors who want to continue to have an exposure to the property sector that also offers sustainable yields.

KUALA LUMPUR: Nadayu Properties Bhd has formalised the acquisition of the 1.4ha tract of vacant freehold land in Jalan Sultan Ismail from UDA Holdings Bhd for RM215.5 million, a controversial deal UDA is banking on to revive its fortunes.

KUALA LUMPUR: Investors of real estate investment trusts (REITs) may see better returns this year in terms of dividends.

KUALA LUMPUR: The Asia Pacific Land (AP Land) project on the island of Hokkaido, SHIKI Niseko is under construction and moving according to schedule, stated Paul Kaye, officer manager of LJ Hooker Niseko.

KUALA LUMPUR: Bintai Kinden Corporation Bhd has proposed to sell four 3-storey shop-offices in Sentul Perdana, Bandar Baru Sentul for RM6.4 million cash.

The group had entered into four separate sale and purchase agreements (SPA) with four purchasers on Monday, July 10, it announced to Bursa Malaysia on Monday.

PANGKOR: Best Western International,the world's largest hotel chain, has opened its newest property in Malaysia.

The Best Western Marina Island Resort Pangkor on Pangkor Island, Perak boasts 170 luxurious hotel apartments.

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) has proposed to dispose of a property on Penang Island that will result in a gain of RM66.26 million for the group.