KUALA LUMPUR: UDA Holdings Bhd's recent proposed divestment of prime land along Jalan Sultan Ismail will help strengthen the company's cash position and replenish its depleting landbank in the Klang Valley, said UDA chairman Datuk Nur Jazlan Mohamed.

KUALA LUMPUR: Tiong Nam Logistics Holdings Bhd's wholly-owned subsidiary Terminal Perintis Sdn Bhd (TPSB), has bought a 3.23-acre commercial land parcel in Puteri Harbour, Nusajaya.

The RM30.95 million sale and purchase agreement was signed with UEM Land Bhd, a wholly-owned subsidiary of UEM Land Holdings Bhd and the master developer of Nusajaya, on Wednesday, June 1.

SINGAPORE: The Sabana syariah-compliant industrial Real Estate Investment Trust (Sabana REIT) has been included in the Morgan Stanley Capital International (MSCI) Global Small-Cap Indices.

SINGAPORE: CapitaMalls Asia together with CapitaMall Trust Management Ltd and CapitaLand will develop commercial projects comprising a shopping mall and retail cum office premises with a total development cost of S$1.5 billion at Jurong Gateway.

CapitaMall Trust Management Ltd is also the manager of CapitaMall Trust.

KUALA LUMPUR: The first phase of Mah Sing Group Bhd's M City Jalan Ampang — comprising 180 semi-furnished units of designer SoHo suites — has seen 176 of its units, or 98%, taken up during its three-day launch starting May 27.

TOKYO: Office and luxury retail rents could dip in the aftermath of the East Japan Earthquake, while the industrial market could see a temporary increase in demand, according to CB Richard Ellis's (CBRE) special Asia Pacific Viewpoint on Japan.

KUALA LUMPUR: Bolton Bhd's The Wharf development in Taman Tasik Prima, Puchong won a Highly Commended Award in the mixed-use development category for Malaysia at the Asia Pacific Property Awards 2011 held in conjunction with Bloomberg TV.

KUALA LUMPUR: Encorp Bhd's flagship development Encorp Strand was awarded the Highly Commended Award in the Mixed-Used Development category for Malaysia of the Asia Pacific Property Awards 2011.

KUALA LUMPUR: Mutiara Goodyear Development Bhd has bagged two local awards in the recent Asia Pacific Property Awards 2011 held in Shanghai, it announced on Tuesday, May 31.

PUTRAJAYA: Deputy Prime Minister Tan Sri Muhyiddin Yassin said more more "green" buildings should be built in the country as they can save costs and contribute in promoting better environmental quality.

He said the government would consider providing incentives to those who built houses and facilities which adhered to the Green Building Index (GBI).