Malaysia’s listed property developers must have celebrated the country’s 53rd Merdeka Day with more gusto than usual — not because the local property climate has been kinder than elsewhere across the globe, but because the implementation of IFRIC 15, a new accounting practice, has been deferred.

Fifty-eight-year-old Singaporean Mrs Chua and her husband were at the showflat of The Scala, Hong Leong Holdings’ latest launch, before 10am on July 28.

KL Sentral, Malaysian Resources Corp Bhd’s (MRCB) integrated development valued at RM12 billion, needs no introduction.

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.