Residential property transactions in Singapore have been hogging the headlines, of late. However, in 1Q2010, investment sales of industrial properties here actually accounted for a higher quantum than residential sales, according to DTZ Research.Investments in the industrial segment for the quarter was S$1.02 billion (about RM2.37 billion), or 38.5% of the total transacted value.

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.

KYM plans foray into KL property marketBudding property developer KYM Holdings Bhd is seeking fo expand the firm’s real estate income contribution to 30% of revenue within two years.KYM managing director Datuk Raymond Chong Thin Choy says the company, a packaging-products manufacturer, is scouting for more land in Kuala Lumpur where it intends to develop high-end residential an

SHL set to secure ownership of Wisma Sin Heap Lee SHL Consolidated Bhd is set to secure majority ownership of Wisma Sin Heap Lee, a prime commercial property near the Jalan Tun Razak and Jalan Ampang intersection in Kuala Lumpur. This will follow SHL’s acquisition of a 60% stake in Goodstock Land Sdn Bhd for RM25.56 million.

Hap Seng’s debut housing development in Peninsular Malaysia — D’Alpinia in Puchong — is a 90-acre project with a gross development value of RM420 million.“We want this to be a development that caters for a range of residents.

SunCity to develop Sunway Parking tractSunway City Bhd (SunCity) has acquired the entire stake in Sunway Parking Management Sdn Bhd for RM12.6 million from its 52%-owned subsidiary Sunway Pyramid Sdn Bhd.

E & O records robust earnings Eastern & Oriental Bhd (E&O) achieved a net profit of RM75 million and recorded strong income growth of 67% for FY2010 ended March 31.“The group’s improved position is attributable to its well-timed and successful launch of the St Mary Residences condominiums in Kuala Lumpur and Quayside Seafront Resort Condominiums in Penang,” E &

Dijaya aborts Mongolia property ventureDijaya Corp Bhd has aborted a plan to acquire the remaining 75% of Mongolian property development holding company Transglobal Ltd (TGL).

SunREIT’s yield may touch 7.5%Sunway REIT Management Sdn Bhd (SunREIT) has told institutional investors that its dividend yield range will be between 6.8% and 7.5%.

Berjaya Land ends Korean JVBerjaya Land Bhd’s proposed joint venture with South Korea’s Jeju Free International City Development Center (JDC) to build a Themed Village project has lapsed, according to a June 22 filing with Bursa Malaysia.Berjaya said that it had decided to focus on its current joint-venture development project in Jeju with JDC.