TAIPING: Four houseowners who were supposed to have their homes auctioned on Monday had a last-minute reprieve, thanks to none other than the bidders to their houses.

GIC Pte Ltd, the Singapore sovereign-wealth fund, is the buyer of Blackstone Group’s stake in London’s Broadgate office complex, according to two people with knowledge of the transaction.

KUALA LUMPUR: PR1MA Corp Malaysia, the agency that has been given the mandate to build affordable homes in urban areas, will roll out 15 affordable housing projects with a total gross development value (GDV) of RM5 billion.

The projects, which are expected to offer a total of 20,000 homes, are located in the Klang Valley, Johor, Penang, Sabah and Sarawak

KUALA LUMPUR: Property developer MKH Bhd registered a net profit of RM32.3 million in the third quarter ended June 30 (3QFY13), a jump of 120% from RM14.7 million in the same quarter a year ago.

Its revenue came in at RM185.4 million, an increase of 33.4% year-on-year (y-o-y) from RM139 million. The company did not declare any dividend payment for the quarter under review.

SINGAPORE: Singapore’s property stocks fell, driving an index tracking developers to a one-year low, after the government tightened its public housing policy by reducing tenures for new loans and restricting purchases by foreigners.

KUALA LUMPUR: Selangor Dredging Bhd (SDB) has announced its plans to launch two new developments — SqWhere in Kota Damansara, Petaling Jaya, and Jia1 in Taman Melawati, Ulu Kelang, with a total gross development value (GDV) of RM540 million in its 2014 financial year ending March 31 (FY14).

KUALA LUMPUR: Malaysians get the first bite of the cherry as Canada-based property investor and developer Vision International Properties (VIP) launches its C$55 million (RM174 million) Sage Gardens condominium project on August 24 in Kuala Lumpur, before heading to Singapore and Hong Kong.VIP has offices in Kuala Lumpur, Singapore and Japan.

KUALA LUMPUR: Raising the minimum purchase price for foreign property buyers to RM1 million is not a blanket policy, said Minister of Urban Wellbeing, Housing and Local Government Datuk Abdul Rahman Dahlan.

KUALA LUMPUR: Mah Sing Group Bhd is taking a big bet on Rawang in Selangor, which will be linked by the mass rapid transit to the city centre.

The property developer acquired another parcel of land in the once backwater town to develop its third township in the area, M Residence 3, which would increase its gross development value (GDV) in the area to RM2.13 billion.

KUALA LUMPUR: IJM Corp Bhd has received enquiries from investors who are keen to buy the group’s five highway concessions in India, said managing director Datuk Teh Kian Ming.

“There are not many [highway] concessions in India, so people are looking for investments. All of our highway assets are completed and they have traffic,” he said after IJM’s AGM yesterday.