United Malayan Land
Investment highlights

BEIJING: House prices in China's major cities soared by more than a fifth last year, private research showed on Thursday, painting a picture at odds with official data following repeated government efforts to tame the red-hot sector.

KUALA LUMPUR: Sunway City Bhd (SunCity) has launched its latest mixed commercial development in the commercial enclave of Dataran Sunway in Kota Damansara, Petaling Jaya, with a potential gross development value of RM500 million.Developed by Sunway Damansara Sdn Bhd, the 5.83-acre leasehold Sunway Nexis is located next to the Sunway Giza mall and would comprise three-storey retail shops, a 13-s

I met a liberal once. Even shook hands with it, so far as I can recall. After I’d had a good shower, I tried to figure out what nature of person succumbs to liberal tendencies, to the point where he may first admit them to his parents and later go out to proclaim them to the world. Is this a genetic defect or a product of one’s environment?

SP Setia
Testing The Post-Asian Crisis High

SP Setia’s share price looks set to surpass our TP of RM6.58 and test the post-Asian crisis high of 3.1x P/NTA, an indication that investors concur with our robust sector outlook.

KUALA LUMPUR: Kobay Technology Bhd bought freehold land along with a 9-storey hotel called Butterworth Travel Lodge in Butterworth, Penang from Woo Brothers Development Sdn Bhd for RM4.5 million, it announced on Thursday, Jan 6.

HONG KONG: Hong Kong's 40 wealthiest tycoons are all billionaires again, according to the latest Forbes Asia Hong Kong 40 Richest List. The last time all on the list were billionaires was in 2008.

Their collective wealth this year is US$163 billion (RM500.41 billion), compared with US$135 billion last year, but below the 2008 peak of US$178 billion.

IPOH: Mydin Mohamed Holdings Berhad (Mydin) is to open an environment-friendly hypermarket in Bandar Meru Raya in March next year.

Managing director Datuk Ameer Ali Mydin said the RM150 million hypermarket will have solar panels and T5 energy-saving and consumer-friendly lights.

HONG KONG: Residential rents have remained firm despite a big increase in flats available for lease since the government introduced cooling measures to curb property speculation at the end of November.

MIAMI: Bernard Madoff's sister-in-law, whose husband was a top executive at his firm, has put up her luxury home in Palm Beach, Florida, for sale with an asking price of US$6.5 million.