KUALA LUMPUR: Mah Sing Group Bhd’s proposed RM411.2 million acquisition of 1,352 acres (547ha) of freehold land in Plentong, Johor Baru hit another snag after the Estate Land Board rejected Bistari Land Sdn Bhd’s application to approve the deal.

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB), which last week won the coveted 2,000mw coal-fired power plant known as Project 3B, may move the proposed project site to Pulau Indah, Selangor, from its original location in Jimah, Negeri Sembilan.

KUALA LUMPUR: Kwasa Land Sdn Bhd has pre-qualified 20 Tier 1 developers for its inaugural request for proposal (RFP) for the town centre development under the planned Kwasa Damansara township in Sungei Buloh, Selangor.

KUALA LUMPUR: Rental of prime office space in the Kuala Lumpur city centre, after staying stagnant from the third quarter of 2013 (Q3 2013) to Q4 2013, is not expected to see any increase for the next 12 months.

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has yet to receive the Certificate of Completion and Compliance (CCC) for the klia2 terminal in Sepang from its main contractor, the joint venture (JV) between UEM Construction Sdn Bhd and Bina Puri Holdings Bhd (UEMC-Bina Puri JV). The issuance of the CCC was initially scheduled for Jan 31, then postponed to Feb 28.

KUALA LUMPUR: Pelaburan Mara Bhd has appointed Atkins Global as the lead consultant and master planner to develop the Asia Aerospace City (AAC) in Subang, Selangor.

With this initiative under its Edubizpark concept, Pelaburan Mara hopes to tap into the global aerospace engineering services business, that could be worth US$1 trillion (RM3.28 trillion) by 2020.

KUALA LUMPUR: Datuk Desmond Lim Siew Choon, executive chairman of Malton Bhd and chairman of Pavilion REIT, is believed to have strengthened his foothold in prime Pusat Bandar Damansara (PBD) in Kuala Lumpur, following the acquisition of a 2.57ha tract within the area by a company linked to the property tycoon.

KUALA LUMPUR: S P Setia Bhd head Tan Sri Liew Kee Sin will continue to spearhead the redevelopment of the £8 billion (RM43.9 billion) Battersea Power Station in London despite his departure from the property group in April this year, said Sime Darby Bhd president and group chief executive Tan Sri Mohd Bakke Salleh.

KUALA LUMPUR: Mah Sing Group Bhd, which met its internal target of RM3 billion new sales in 2013, is expected to at least maintain the same amount of sales this year, said RHB Research Institute Sdn Bhd analyst Loong Kok Wen.

She said Mah Sing’s sales for the financial year ended Dec 31, 2013 (FY13) met the management and RHB Research’s RM3 billion target.

PETALING JAYA: The recent registration of real estate negotiators, which has been under way since October last year, has yielded 11,000 registrants.