KUALA LUMPUR: Magna Prima Bhd, a boutique property developer, expects its performance to be robust this year, supported by projects launched throughout the year.

The company currently has five projects with an estimated gross development value (GDV) of RM1.045 billion due for completion over the next three to four years.

KUALA LUMPUR: Main Market-listed Mutiara Goodyear Development Bhd is acquiring a freehold prime land along Jalan Sultan Ismail in Kuala Lumpur of approximately 3.56 acres from UDA Holdings Bhd for a cash consideration of RM215.5 million.

KUALA LUMPUR: Mah Sing Group Bhd reported a 47.6% increase in its earnings at RM41.16 million in the first quarter ended March 31, 2011 from RM27.88 million a year ago.

It said on Wednesday, May 25 revenue rose 30.8% to RM311.75 million from RM238.31 million while earnings per share were 4.95 sen when compared with 3.35 sen.

KUALA LUMPUR: Singapore-based Azea Property Investment (API) is looking to launch its second project — a RM43 million condominium project dubbed Anson Cube — in Malaysia soon.

KUALA LUMPUR: An United Malayan Land Bhd (UMLand) unit will be developing Japanese Holiday Homes in its flagship-integrated township of Bandar Seri Alam, located within the Eastern Corridor of Iskandar Malaysia in Johor.

KUALA LUMPUR: Datuk Seri Najib Razak said on Tuesday, May 24 a report on the landslide tragedy in Hulu Langat would be submitted to the Cabinet to draw up guidelines on development on agricultural land and hillslopes.

PETALING JAYA: UEM Land Holdings Bhd's (UEML) share price surged on Tuesday, May 24 in heavy trading of over 24.1 million shares ahead of the stock's inclusion into the 30-stock MSCI Malaysia index on June 1, together with Malaysia Marine and Heavy Engineering Bhd (MMHE) and Malaysian Airports Holdings Bhd (MAHB).

GIVEN the property sector's prosperity and significant impact on the overall economy and society, the Chinese central government has had a hand in the sector over the past 10 years.

PETALING JAYA: The Hulu Langat landslide tragedy which claimed 16 lives is haunting apartment residents living near Sungai Pencala.

Residents of Damansara Bistari Apartment are having sleepless nights after the embankment collapsed for the second time in a month.

KUALA LUMPUR: YNH Property Bhd plans to launch properties with a gross development value (GDV) of RM5 million this year, including the delayed Menara YNH project in Jalan Sultan Ismail. Daniel Chan, head of corporate services, said YNH is currently in talks with various parties on a potential joint venture to develop the project.