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PETALING JAYA (April 8): Sime Darby Property, the property arm of Sime Darby Bhd, is confident of achieving its sales target of RM2.

KUALA LUMPUR (April 8): Eco World International Bhd (EWI) has obtained the approval of the Securities Commission Malaysia (SC) to proceed with its proposed initial public offering (IPO) on the Main Market of Bursa Malaysia Securities Bhd.

KUALA LUMPUR (April 8): Malaysian construction companies should take advantage of the rapid development and expansion in India to explore infrastructure and investment project opportunities there, urged CIDB Holdings Sdn Bhd (CIDBH) chairman Datuk Seri Dr Judin Abd Karim (pictured).

KUALA LUMPUR (April 8): Malayan Banking Bhd (Maybank) president and chief executive officer Datuk Abdul Farid Alias (pictured), who is also chairman of the Association of Banks Malaysia (ABM), refuted claims that the rejection rate of housing loans has soared above 50% among the banks.

Property sector Maintain underweight: On Wednesday, Prime Minister Datuk Seri Najib Razak (pictured) announced the launch of the First Home Financing Scheme (MyDeposit) as tabled in Budget 2016.

INVESTORS of shoplots and shopoffices enjoyed rental yields of more than 10%, and saw their capital values grow faster than other property types, before prices started increasing in 2009, says Savills (M) Sdn Bhd managing director Allan Soo (pictured, below).

PETALING JAYA (April 8): Design Village Penang – the northern state’s first premium outlet mall – aims to open by this November in time for the school holidays, said its general manager Tay Ai Leen.

Sold for: RM3.

PETALING JAYA (April 7): IKEA Malaysia’s third store which is located in Jalan Desa Tebrau, Johor Bahru is slated to open by the end of next year, said store owner and operator Ikano Pte Ltd in a press statement today.

WITH the high cost of living in Malaysia, it is not such a bad idea to use public transport, even if you have a car or motorbike.