Listed giant property developer City Developments Ltd (CDL) is said to have sold 19 of the 56 units released in the first phase of its 228-unit The Residences at W Singapore, Sentosa Cove, as at April 5.

Regional real estate funds have been very quiet in Asia since mid-2008 — cautious about the impact of the US’ economic woes, besides the slowdown in the Singapore and Hong Kong markets then.

PUTRAJAYA: Qatar Investment Authority (QIA) signed a Memorandum of Understanding (MoU) with 1Malaysia Development Bhd (1MDB) to facilitate investment cooperation between the two entities on May 14.

KUALA LUMPUR: Sime Darby Bhd's shares dropped 40 sen or almost 5% to RM8.25 on May 14 on Bursa Malaysia and was also the top loser on the local bourse.

This followed revelations yesterday (May 13) that delays and cost overruns in several projects would have a significant negative impact of RM964 million from projects in Qatar and the Bakun hydro-electric dam project.

KUALA LUMPUR: IOI Corp Bhd recorded 401.9% jump in pre-tax profit to RM709.3 million for the 3Q ended March 31, 2010, from RM141.3 million in the previous preceding quarter.

SHAH ALAM: Golden Screen Cinema (GSC), Malaysia’s largest cinema operator, has joined Parkson as key anchor tenants of the under-construction Setia City Mall coming up at the 4,000-acre Setia Alam township of award-winning developer S P Setia.

KUALA LUMPUR: All 77 units launched at Regency Cove in Shanghai, a development by the richest East Asian Li Ka Shing, were fully sold within two to three weeks, despite Shanghai’s lower weekly sales volume, the Shanghai Business News reported.

KUALA LUMPUR: Another prime piece of land in the Kuala Lumpur city centre (KLCC) area is on the market, this time believed to be going for RM2,100 to RM2,200 psf.

1Q GDP on high growth track for 2010

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