KUALA LUMPUR: CIMB Group Holdings Bhd announced on Dec 30 that it is disposing 65 properties to the Employees Provident Fund (EPF) for RM302.5 million as it is not in the business of owning properties.

The group is expected to gain up to RM171 million from the disposal, it said in a filing to Bursa Malaysia.

MELAKA: Mydin Mohamed Holdings Bhd will build a RM67 million wholesale hypermarket in March in Bandar Jasin Bistari. This will be the company’s fourth outlet in Melaka.

KUALA LUMPUR: Hunza Properties Bhd has entered into sale and purchase agreement (SPA) to acquire four pieces of freehold land in Penang from Ong Thye Peng and Ong Gaik Kee for a total cash consideration of RM82.093 million. Both Ong Thye Peng and Ong Gaik Kee are trustees of the estate of the late Ong Joo Sun.

KUALA LUMPUR: Kumpulan Hartanah Selangor Bhd (KHSB) has entered into a Memorandum of Arrangement (MOA) with Menteri  Besar Selangor (Incorporated) (MBI) whereby MBI will provide KHSB a specific grant for the principal amount of RM115.101 million.

KUALA LUMPUR: Frasers Hospitality, a premier serviced apartment provider and a branch of Frasers Centerpoint Limited, has made its debut in Malaysia through Fraser Place Kuala Lumpur.

KUALA LUMPUR: Ahead of its crucial EGM tomorrow (Dec 31), Ho Hup Construction Company Bhd on Dec 29 issued a notice to assure shareholders that its proposed land sales are “in the best interest” of the company and owners.

NEW YORK: Midtown Manhattan office rents fell 33 percent in 2009 as New York’s financial industry cut staff and relinquished space, according to Bloomberg citing a report by commercial property broker FirstService Williams.

PETALING JAYA: Tanjung Balai Development Sdn Bhd will hand over J-Avenue shopoffice project (pictured), which is located just behind AEON Jusco Cheras Selatan, in Selangor to buyers in January.

MIAMI: Florida's Miami-Dade County will start using the Internet next month in a bid to help auction off tens of thousands of delinquent properties that have put it on the frontlines of the U.S. foreclosure crisis.

KUALA LUMPUR: Property developers will continue to emerge as key winners in 2010, driven by rising demand and improving economic outlook, according to an analyst at MIDF Research.