At about three years of age, property developer Capital Trend Asia Sdn Bhd (CTA) may be the new kid on the block, but the partnership between managing director John K H Lim and CEO Tan Gek Choon goes back 23 years.

Dijaya Corp Bhd, known for its Tropicana Golf and Country Resort development in Petaling Jaya, plans to direct its focus on its newly acquired tracts in Johor Baru next.

KUALA LUMPUR: HPI Resources Bhd plans to acquire a parcel of leasehold land in Negeri Sembilan from Chemical Company Of Malaysia for RM8.5 million.

In a filing to Bursa Malaysia on Friday, Sept 3, the company said its unit Harta Packaging Industries (Selangor) Sdn Bhd had entered into a sale and purchase agreement for the acquisition on the same day.

KUALA LUMPUR: The Naza Group’s TTDI KL Metropolis Sdn Bhd (TKLM) has terminated the shareholders’ agreement with Kumpulan Jetson Bhd to build a new trade exhibition centre for the Malaysia External Trade Development Corporation (Matrade) on a joint-venture basis.

KUALA LUMPUR: Amanah Harta Tanah PNB has appointed Hafidz Atrash Kosai Mohd Zihim as its chief executive, the company said on Friday, Sept 3.

The real estate investment trust said that the 35-year-old was appointed on Aug 30.

Hafidz was Manager I for Pelaburan Hartanah Nasional Berhad since March 1.

SYDNEY: Australian property trusts face a positive outlook as property prices stabilise and gearing falls after companies delivered mostly strong earnings in the latest financial year.

An economy which grew at its fastest pace in three years in the last quarter could boost local REITs.

KUALA LUMPUR: China has mapped out a plan to revamp its statistical system for housing prices following an incident earlier this year that cast doubts on the reliability of its housing price data.

KUALA LUMPUR: New guidelines for gated and guarded communities will now be applied on all new applications for such schemes, said Deputy Prime Minister Tan Sri Muhyiddin Yassin.

According to various press reports, he said the new guidelines which were approved by the National Council for Local Government will cover the definition and standards of a gated community.

KUALA LUMPUR: MRCB led property stocks higher in late morning trade on Friday, Sept 3, especially companies with development projects in Iskandar Malaysia.

At 11.10am, MRCB rose eight sen to RM1.84 with 16.46 million shares done. Tebrau Teguh added 2.5 sen to 72.5 sen while UEM Land gained three sen to RM1.87.

E&O advanced four sen to RM1.14.

HONG KONG: China developer KWG Property Holding has already achieved 82% of its 10 billion yuan (RM4.59 billion) annual sales target despite the central government's measures to cool the market.

Chief financial officer and executive director Kenneth Leung said the company had contract sales of 8.2 billion yuan by the end of last month.