PETALING JAYA: RKT, a wholly owned subsidiary of Latitude Tree Holdings Bhd, had entered into a Sale and Purchase Agreement with Pelan Teknik Sdn Bhd (PT) on Jan 27 for the acquisition of a piece of freehold industrial land in Klang together with a 1-storey warehouse, a 3-storey office block and 1-storey factory for a cash consideration of RM10 million.

PETALING JAYA: Natural Domain Sdn Bhd (NDSB), an indirect wholly-owned subsidiary of Gadang Holdings Bhd, has entered into a Sale and Purchase Agreement (SPA) with GSS Properties Sdn Bhd on Jan 27 to acquire a parcel of residential land located off the Sungai Besi Highway for a purchase consideration of RM33 million.

KUALA LUMPUR: The Malaysian commercial property market, which ended on a high note in 2009 after a lull from mid-2008, can expect exciting times this year.

KUALA LUMPUR: Ho Hup Construction Company Bhd on Jan 27 confirmed receiving a query from the Securities Commission (SC) with regard to a "third force" acting-in-concert, pushing the company to convene an extraordinary general meeting on Feb 4.

KUALA LUMPUR: The government’s liberalisation measures carried out last year on the property sector and abolishing the 30% bumiputra equity requirement in certain sectors of the economy will have a far reaching impact on the local property sector, according to a special report by CB Richard Ellis Research, Asia on Malaysia’s Market Prospects.

KUALA LUMPUR: The demand for buildings equipped with green technology will continue to rise as environmental awareness grows and more companies embrace corporate social responsibility, said CB Richard Ellis (CBRE) Research, Asia in a special report – Malaysia Market Prospects today (Jan 27).

KUALA LUMPUR: Office rentals in Kuala Lumpur are expected to stabilise in the first half of 2010, barring any major economic setbacks, according to a special report by CB Richard Ellis Research, Asia on Malaysia’s Market Prospects.

GEORGE TOWN: Ivory Properties Group, which is developing the RM1.1 billion Penang Times Square project is awaiting the nod from the Securities Commission for its listing on Bursa Malaysia.

Ivory executive director Datuk Seri Nazir Ariff said Ivory hoped the listing would be "soon" but declined to elaborate.

HONG KONG/SINGAPORE: Bank of America (BofA) has decided to hold on to, and raise new money for Merrill Lynch's Asia property fund business, which the US bank had planned to sell during the financial crisis, partly because of a rapid recovery in Asia's property market, sources said.

BEIJING: Sales of new apartments and existing homes in Beijing fell some 70% in the first three weeks of January from a month earlier, the local Beijing News reported on Jan 27.