KUALA LUMPUR: Playboy property magnate Cecil Chao of Cheuk Nang (Holdings) Ltd — better known for his audacious HK$500 million (RM211.51 million) “prize” that awaits the man who wins his lesbian daughter’s heart — is back in town for business and pleasure.

IPOH: A total of 19 participants from various property development companies in the country attended the Real Estate & Housing Developers Association Youth Wing’s (Rehda Youth) tour of the Banjaran Hot Springs in Ipoh late last year.

KUALA LUMPUR: UK house prices are forecast to grow by 25% in the next five years to end-2018 from an earnings-led price growth, according to the Savill Residential Property Focus fourth quarter (4Q) 2013 report.“Our analysis shows the housing market is not in bubble territory and could see as much as 25% growth over the next five years without significant damage to household finances,” stated t

KUALA LUMPUR: Singapore-listed GSH Corp Ltd is venturing further into real estate development in Malaysia, with the acquisition of a major stake in Sutera Harbour Resort and two parcels of residential land in Sutera Harbour, Kota Kinabalu, Sabah.

KUALA LUMPUR: Property prices could see an increase of up to 10% this year due to rising costs incurred by developers, according to Andaman Group managing director Datuk Seri Vincent Tiew.

KUALA LUMPUR: IOI Properties Group Bhd (IOIPG), which is tentatively slated for a listing on Bursa Malaysia on Jan 15, found itself in the limelight over the time frame given to shareholders of parent company IOI Corp Bhd to apply for their entitlement in IOIPG.

SINGAPORE: Singapore’s developers posted the worst performance on the benchmark Straits Times Index this year after recording the biggest gains in 2012 as property curbs drove home sales lower and slowed price gains.

KUALA LUMPUR: Johor-based property developer Daiman Development Bhd has acquired 100% stake in Sin Yue Holdings Sdn Bhd, a company that owns 128.8ha of agricultural land in the state, for RM33.1 million cash.

The acquisition is motivated by the group’s plans to increase its landbank in Johor.

KUALA LUMPUR: Ho Hup Construction Company Bhd will submit the proposal for its upliftment from PN17 status to Bursa Malaysia after the completion of its financial regularisation exercise today, said executive director Derek Wong Kit Leong.

KUALA LUMPUR: Selangor Properties Bhd’s pre-tax profit for the financial year ended Oct 31, 2013 (FY13), rose to RM132.17 million from RM122.13 million a year ago. Revenue rose to RM239.49 million from RM224.47 million previously. In a filing with Bursa Malaysia, the company said the higher pre-tax profit was contributed mainly by investment holdings and its Australian business.