KUALA LUMPUR: VTI Vintage Bhd entered into a sales and purchase agreement with SW 2020 Sdn Bhd on Jan 5 to sell more then 5.5 acres of land in the district of Tuaran, Sabah for RM2.15 million, it announced on Friday, Jan 7.

The group said the proceeds of the disposal would help it settle outstanding banking facilities and reduce the group's gearing.

LONDON: There is a greater demand for good quality secondary properties with active management potential in the UK by property companies and opportunity funds as banks gradually unload lower graded stock onto the market, said global real estate consultancy DTZ.

KUALA LUMPUR: MK Land Holdings Bhd plans to use the RM130 million from the proposed sale of two pieces of land in Sungei Buloh, Selangor for infrastructure, development costs and general working capital.

KUALA LUMPUR: Shares in UEM Land Bhd rose to a record high of RM2.90 on Thursday, Jan 6, as Credit Suisse Group AG expected the property developer to become a blue chip proxy for improved Singapore-Malaysia relations, especially under the proposed transformation of its large landbank in Iskandar Malaysia.

KUALA LUMPUR: Property developer Farlim Group Bhd saw the departure of Multi-Purpose Holdings Bhd (MPHB) as its substantial shareholder after the later disposed a 6.5% equity interest in the property outfit.

According to recent filings with Bursa Malaysia Securities, MPHB's stockbroking arm AA Anthony Securities Sdn Bhd (AAASB) had sold the shares in Farlim on Dec 20, last year.

KUALA LUMPUR: Habour-Link Group Bhd has proposed to extend financial assistance to an indirect subsidiary, Sarawak Edible Oil Sdn Bhd (SEO), while making a move into property development.

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?