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           HAVE you ever wondered, for someone who can afford to dine on lobster caviar frittata as much as the average person chows down fried chicken wings, what kind of abodes would they indulge their earnings on? Most people may imagine vast mansions by the sea, but surprisingly, the most expensive property is located closer to the sky than the sea — perhaps a reflection of modern times.

KUALA LUMPUR (March 10): Loss-making high precision plastic parts manufacturer Luster Industries Bhd is taking over a mixed development project in Kota Bharu, Kelantan.

PETALING JAYA (March 10): Hong Kong-listed Country Garden Holdings Co Ltd has denied that the closure of Forest City’s sales galleries in China was due to the government’s capital control policy.

LBS Bina Group Bhd (March 9, RM1.

Cahya Mata Sarawak Bhd (March 9, RM4.

KUALA LUMPUR (March 10): Iskandar Waterfront City Bhd (IWC) shares, which resumed trading yesterday following the announcement that it is merging with its parent Iskandar Waterfront Holdings Bhd (IWH), climbed as much as 10.

KUALA LUMPUR (March 10): Property developer LBS Bina Group Bhd has proposed a rights issue to raise up to RM165.

SETIA ALAM (March 10): Every country has its own set of challenges but among the main hurdles faced by investors, including Malaysians, when it comes to investing in properties overseas are financing and legal issues.

Rented for: RM2,700 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: November 2016 Noteworthy: ● Leasehold ● 1,500 sq ft floor space ● Nearby amenities such as F&B outlets, children’s learning centre, food court and morning market ● About 16km from George Town, 5km from Penang International Airport and 8km from the Penang Bridge The intermediate unit is located at Quartermile, a leasehold commercial development located in Bayan Baru, Penang.

KUALA LUMPUR (March 9): Iskandar Waterfront Holdings Sdn Bhd (IWH) says its Bandar Malaysia land is also included in the corporate exercise announced yesterday which involves the group merging with Iskandar Waterfront City Bhd (IWC).