MUKAH: Sarawak's very warm relations with the federal government enabled the state government to gain funds to the tune of RM50 million recently.

The money will be used to build about 600 units of Rumah Mesra Rakyat (People-Friendly Homes) statewide.

Quantum Victory Sdn Bhd may be small, but the developer has done well in its maiden project.

KUALA LUMPUR: KrisAssets Holdings Bhd is proposing to acquire 100% equity interest in Mid Valley City Gardens Sdn Bhd for RM215.71 million from IGB Corp Bhd.

In a statement to Bursa Malaysia on Friday, Mar 25, KrisAssets said it intended to finance the proposed acquisition from internally generated funds and/or borrowings.

KUALA LUMPUR: Mah Sing Group Bhd has acquired two companies — Capitol Avenue Development Sdn Bhd and Liberty Property Management Sdn Bhd — for a cash consideration of RM2 each respectively.

KUALA LUMPUR: Selangor Properties Bhd (SPB) reported a net profit of RM5 million in the first quarter (1Q) for the financial year ending Oct 31, 2011, compared to RM6.7 million in the preceding year, corresponding with the main contributors from the property development, investment properties and education.

KUALA LUMPUR: TA Global Bhd posted a net profit of RM23.5 million in the fourth quarter (4Q) for the financial year ended Jan 31, 2011 — an increase of 5% compared to RM22.3 million in the same period a year ago due to higher contribution from the hotel division as a result of TA Global's hotel acquisition exercise.

KUALA LUMPUR: Keladi Maju Bhd reported a net profit of RM5.2 million in its fourth quarter (4Q) for the financial year ended Jan 31, 2011 — an increase of 131% compared to RM2.2 million in the same quarter a year ago due to better management of the development cost.

KUALA LUMPUR: Gasing Meridian Sdn Bhd (GMSB), the developer of the Sanctuary Ridge Kuala Lumpur City project, comprising 70 bungalows on a 15.5-hectare site in Bukit Gasing, wants Bukit Gasing residents, who lost their legal action against GMSB, to pay damages.

KUALA LUMPUR: Property developer Mah Sing Group Bhd will launch its new precinct, Palmiera@Kinrara Residence, in Bandar Kinrara, Puchong by the next quarter, its chief operating officer James Bruyns said.

SINGAPORE: Wendy Cheng, 32, has been trying to buy a home for over two years but without success.

Cheng and her American teacher husband cannot afford property on the open market where a government-built apartment can fetch as much as S$700,000 (RM1.68 million), and they have been unsuccessful in balloting for flats available from the state at a cheaper price.