Faber Development Holdings Sdn Bhd, the master developer of Taman Desa and Taman Danau Desa in Kuala Lumpur, is looking to develop its first project in the Kuala Lumpur city centre by year-end. The developer is awaiting the necessary approvals, and will launch the estimated RM225 million condominium project by 4Q2011.

For more than a decade, Lokasi Canggih Sdn Bhd group managing director C T Lim has been investing in property with one aim, to accumulate enough capital to start his own property developments.

About 74,905 properties in the country were up for auction last year, 7% higher than the 70,057 cases in 2009, according to Auction Data Sdn Bhd.
The majority of the auction cases last year were low-medium-cost residential properties located in out-of-town areas.

Why invest in real estate? For sure, there are good — even great — times. However, there are cyclical downturns as well and, as at least one authority — the Australian Securities and Investment Commission — advises on property investment, if you can’t sleep at night worrying about it, then perhaps you should invest in an asset with less risk.

Ying Mansions, Villa D’Este up for saleYing Mansions (below), an eight-unit freehold development off Bukit Timah Road, is up for sale with a guide price of S$70 million, excluding a development charge estimated at S$18.1 million, says CB Richard Ellis (CBRE), which is handling the sale. The seller is the sole owner of the development, which sits on a 23,975 sq ft site.

KUALA LUMPUR: Sunway Tunas Sdn Bhd became Sunway City Bhd's (SunCity) wholly-owned subsidiary after the latter purchased the remaining 30% stake that it did not own.

KUALA LUMPUR: Seacera Tiles Bhd is disposing of its freehold parcels measuring 14.59 acres, together within a factory building on it, for RM62 million.

KUALA LUMPUR: Top property developer S P Setia Bhd is purchasing a 265.7 acre piece of land in Johor Bahru for RM125.78 million, it told the local bourse on Friday, Jan 28.

KUALA LUMPUR: SBC Corporation Bhd (SBC Corp) is acquiring two parcels of land in Kuala Lumpur for RM15.36 million.

KUALA LUMPUR: Amanah Harta Tanah PNB's net profit doubled to RM4 million in its fourth quarter ended Dec 31, 2010 (4QFY2010), from RM1.54 million the previous year, on higher revenue

In a filing to Bursa Malaysia on Friday, Jan 28, the trust reported revenue of RM5.77 million, up 62% to RM3.55 million a year earlier.