An upcoming development that is expected to be the litmus test for the resilience of Singapore’s luxury residential market in the face of a jittery global stock market is Twin Peaks by Overseas Union Enterprise (OUE).

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB), through its property division, MRCB Land, will launch the final phase of its 23-acre Senawang Sentral Business Park in Senawang, Negeri Sembilan on June 26, 2010.

KUALA LUMPUR: The Chung Ying Street Project, the first-ever large-scale shopping mall in the Yan Tian district of Shenzen, China is expected to open in fourth quarter of 2010. Developed by Shenzhen Sha Tou Jiao Commercial Foreign Trade Co. Ltd, the retail complex includes a two-storey, six-storey and seven-storey blocks.

KUALA LUMPUR: Shanghai Nanjing Road West has been ranked in the Global Top 50 of the Most Expensive Retail Rents for two consecutive years, according to Colliers International’s Spring 2010 Global Retail Highlights, which features rents of 127 premier retail streets around the world

KUALA LUMPUR: Salcon Bhd has disposed a 5,998 sq m piece of leasehold land in Section 14, Petaling Jaya -- on which a four-storey building, a single storey warehouse and a guard house are built -- to The Store Corporation Bhd for a total cash consideration of RM20 million.

KUALA LUMPUR: Petaling Tin Bhd posted a net loss of RM551,000 in the second quarter of its financial year ending Oct 31, 2010 (2QFY2010) compared to a net loss of RM1.2 million a year earlier due to the revenue generated from sales of its projects and construction contract works.

KUALA LUMPUR: General Corporation Bhd posted a net profit of RM22.6 million for its first quarter result for the financial year ending Jan 31, 2011 (1QFY2011), an increase of 96.5% from RM11.5 million net profit in the same quarter a year ago.

KUALA LUMPUR: Gula Perak Bhd is proposing to dispose of two land parcels in Batang Berjuntai, Selangor and Setapak, Kuala Lumpur to Perth International Limited, a company incorporated in Hong Kong for a total cash consideration of RM25.1 million.

SINGAPORE: Singapore’s morning traffic was disrupted on Friday, June 25, after a heavy downpour flooded many parts of the island, and fallen trees blocked roads leading to the city.

Traffic along the Bukit Timah road towards the city stood still for few hours after a stretch of the road was flooded, while in other places, traffic had to be diverted.

KUALA LUMPUR: Mah Sing Group Bhd plans to launch two new projects – Icon Residence Mont’Kiara and M Suites @ Jalan Ampang - in the second half this year, its managing director and chief executive officer Tan Sri Leong Hoy Kum said on Friday, June 25.