KUALA LUMPUR: UEM Land Bhd has proposed to acquire two parcels of plantation land totaling 187.5 hectares from Inch Kenneth Kajang Rubber Public Ltd Co for RM268.5 million.

UEM Land Bhd is a wholly-owned subsidiary of UEM Land Holdings Bhd (ULHB).

ULHB in a filing to Bursa Malaysia today said it intends to develop a new township on the land, located in Semenyih, Selangor.

KUALA LUMPUR: Melati Ehsan Holdings Bhd is expected to launch a bungalow residential project called Bukit Tengku@U10 Shah Alam early next year.

The project, with an estimated gross development value (GDV) of RM300 million, covers 34.3 acres of leasehold land which it had acquired from Tengku Shahrudin Sdn Bhd this year.

KUALA LUMPUR: The Global Property Guide (GPG) released findings on Friday, Nov 26 that over the year till the third quarter (3Q2010), half of the world's property prices are up while the other half was down with some Asian nations having price surges.

The guide's statistics were based on inflation-adjusted house price changes that give a realistic picture of housing figures.

The property investor’s golden rule of “location, location, location” seems to hold true for developer Impiana Land & Development Sdn Bhd. Its project in Desa Sri Hartamas in Kuala Lumpur proves that a project in a good location, coupled with careful planning, can be successful notwithstanding the land status.

Sime Darby Sunrise Development Sdn Bhd (SDSD) has appointed internationally acclaimed French architectural firm J + H Boiffils to design its 21-acre mixed development project in Bukit Jelutong, Shah Alam.
The yet-to-be-named RM1 billion development is situated in the planned 180-acre Bukit Jelutong Commercial Centre (BJCC).

Gerald and Cindy moved from Petaling Jaya, Selangor, to Seremban in Negeri Sembilan about six months ago as they decided that their two young children would have a better quality of life in a smaller town, as well as to better manage their escalating expenses.

Owners of prime Grade-A office buildings in the Singapore CBD contemplating a sale these days are in an ebullient mood. Just 12 months ago, they were staring at capital values that had plunged 31% from the last peak in 2Q2008 while rental rates had nose­dived 52.8% from two years ago.

KUALA LUMPUR: Priceworth Wood Products Bhd — via its wholly-owned subsidiary Maxland Sdn Bhd — sold land in Sandakan, Sabah to Green Edible Oil Sdn Bhd for RM400,000, the group announced on Friday, Dec 3.

Priceworth Wood Products is engaged in the manufacturing, extracting and trading of timber and timber related products.

KUALA LUMPUR: Sanbumi Holding Bhd — via its wholly-owned subsidiary Sanbumi Sawmill Sdn Bhd — sold 39.98 acres of land in Kalabakan in the district of Tawau, along with the sawmill plant, equipment and machines to Dyna Istimewa Sdn Bhd for RM6.5 million, the group announced on Friday, Dec 3.

KUALA LUMPUR: Golden Frontier Bhd — via its wholly-owned subsidiary Golden Frontier Paper Industry Sdn Bhd — has acquired four pieces of freehold plantation land in Daerah Seberang Perai Selatan, Penang totaling 45.06 acres for RM10.79 million, the group announced on Friday, Dec 3.