KUALA LUMPUR: The briefing on the redevelopment of the Kampung Kerinchi flats in Kuala Lumpur and the selection of the developer have been postponed from Friday March 12 to March 27, Federal Territories and Urban Well-Being Minister Raja Datuk Nong Chik Raja Zainal Abidin said Wednesday March 10.

KUALA LUMPUR: A tailor on March 10 claimed she suffered losses of RM100,000 after allegedly being cheated by a man who she believed was able to help her in a land acquisition transaction with the Ampang Jaya Municipal Council, three years ago.

Lim Boey, 57, said she was introduced to the suspect, who is in his 40s, by a friend who had sought the man's help for a similar transaction.

KUALA LUMPUR: Gamuda Bhd is buying a 60% stake in Vietnam's Tan Thang Company for US$82.8 million which has rights to undertake a property project in Ho Chi Minh City with an estimated gross development value (GDV) of RM6 billion.

KUALA LUMPUR: BCB Bhd has entered into two sale and purchase agreements (SPA) to acquire two vacant plots of land for a total cash consideration of RM50.95 million, the group announced on March 10 on Bursa Malaysia.

BEIJING: Chinese property investment rose 31.1% in the first two months of this year, accelerating from a 16.1% rise in the whole of 2009, the National Bureau of Statistics (NBS) said on March 10.

Beijing has pledged to redouble efforts to build more affordable housing in 2010, partly to brake fast-rising home prices in some cities.

KUALA LUMPUR: Subur Tiasa Holdings Bhd (STH) unit Subur Tiasa Plywood Sdn Bhd (STP) had entered into three separate sale and purchase agreements (SPA) to acquire three parcels of land for RM3.89 million, STH announced on Bursa Malaysia on March 10.

KUALA LUMPUR: Gamuda Bhd is buying a 60% stake in Vietnam's Tan Thang Company for US$82.8 million (RM275.14 million) which has rights to undertake a property project in Ho Chi Minh City with an estimated gross development value (GDV) of RM6 billion.

KUALA LUMPUR: Dijaya Corp Bhd plans to launch its Grand Villas and Pool Villas residences at Tropicana Indah Resort Homes in the second quarter of this year, managing director Datuk Tong Kien Onn told theedgeproperty.com.

KOTA BARU: Prizes worth RM90,000 await winners of the Rehda Cup Golf Tournament at the Kelantan Desa Golf and Country Club here on Saturday (March 13).

Organising committee chairman Datuk Samsuri Awang Mat said they included two

Perodua cars, a Myvi and a Viva, worth about RM80,000 for a hole-in-one.

KUALA LUMPUR: The Shanghai real estate industry saw more record-breaking residential transactions in early March, according to Shanghai Business.

Quoting the latest data from China Real Estate Information Corp (CRIC), the Chinese media reported that Sunville in Sheshan, Shanghai, has transacted two villas at RMB247 million (RM120.2 million) on March 3.