KUALA LUMPUR: BSL Corporation Bhd is disposing a piece of vacant land in Negeri Sembilan for RM3.3 million.

Its unit Ban Seng Lee Industries Sdn Bhd (BSLI) had on Thursday, June 16 entered a sale and purchase agreement with Soon Seng Truck & Parts Sdn Bhd for the disposal of the 5.4-acre land.

KUALA LUMPUR: Guocoland (Malaysia) Bhd has named Yeow Wai Siaw as its new managing director.

The 45-year-old Yeow was the head of group business development of Hap Seng Consolidated Bhd prior to joining Guocoland. He holds a Master of Business Administration (MBA) in Finance from the University of Hull, United Kingdom.

SIBU: Some 4,500 agricultural and 3,000 residential land owners here have yet to settle their land rents and premiums amounting to RM773,827.50, or 87.89% of the total of RM880,413.99, as at March 31. 

KUALA LUMPUR: Penang's latest shopping mall, 1st Avenue, situated on Jalan Magazine, Georgetown is slated to open in September 2010.

SYDNEY: Australian new homes starts hit a six-year high last quarter thanks to stimulus spending on public housing, while work in the pipeline suggested the sector would help underpin the economy as a whole going forward.The lift in home supply could also take some heat out of house prices, a comfort to the Reserve Bank of Australia (RBA) which has been warning against a speculative bubble.

HONG KONG: Fashion retailers are increasing the size of their outlets in larger flagship stores in Hong Kong's premier shopping district, Causeway Bay, as they seek springboards into the mainland market, analysts say.

PETALING JAYA: Sunway REIT Management Sdn Bhd (SunREIT), which is on an investor roadshow currently, has told institutional investors that its dividend yield range would be between 6.8% and 7.5%.

HONG KONG: Prices of new homes in mainland cities continued declining last month as sales activity plunged, according to property consultant DTZ.

But the price drop was partly distorted by marketing strategies from developers who launched more new mass-market residential units, lowering the overall price level.

LONDON: Hong Kong and mainland investors are leading an Asian buying boom in London's property market.

About 5% of newly built homes sold in central London over a 12-month period to March were bought by Hong Kong and mainland buyers - the highest share taken in the market by any offshore investors, a report from estate agency Knight Frank shows.

Second job for the year in the bag