KUALA LUMPUR: Sunway Holdings Bhd has clinched two contracts worth RM218.82 million that will contribute to its earnings ending Dec 31, 2011 onwards.

KUALA LUMPUR: Though it has kept a low profile since listing, Penang property developer Ivory Properties Group Bhd has been actively acquiring land on the island, where it is a prominent developer.

Property sector

Axis Real Estate Investment Trust (AXRB, Jan 3, RM2.37)

KUALA LUMPUR: Hua Yang Bhd has sold enbloc 73 retail units in its One South mixed-development in Sungai Besi to South Crest Synergy Sdn Bhd for RM105 million. The retail units' gross development value (GDV) is RM105 million.

KUALA LUMPUR: MK Land Holdings Bhd is selling two plots of leasehold land in Sungei Buloh to Foster Estate Sdn Bhd for RM130 million cash.

The company said on Monday, Jan 3 that it had entered into sale and purchase agreements with Foster Estate on Dec 30 to dispose of 18.54 acres for RM100.78 million and 8.32 acres of land for RM29.21 million.

BEIJING: The Ministry of Land and Resources will block some companies from buying more land in coming auctions after a number of their sites went undeveloped, in some cases for up to eight years.

In a list on the ministry's website, 26 undeveloped sites on the mainland were named along with the firms and parent companies that own them.

HONG KONG: By taking advantage of the same green policy that leaves most flat buyers with small apartments, the very rich can vastly increase the size of their homes.

In the most recent instance, the city's wealthiest tycoon, Li Ka-shing, recently had an estate enlarged by more than 9,100 square feet.

Following the recent success of its fast-selling mixed development C180 in Cheras, Kuala Lumpur, Mitraland Group is now focusing on another mixed development ­— The Cascades in Kota Damansara, Petaling Jaya.

Property developers in the country are predicting that the housing sector will continue to see strong demand,  barring any bad news on the global economic front.