KUALA LUMPUR (April 18): IGB Corp Bhd's proposed real estate investment trust (REIT) could free up capital for the property developer to undertake overseas projects it has been eyeing in London and Taiwan.

KUALA LUMPUR (April 18): Hua Yang Bhd has acquired the remaining 40% stake it did not own in Sunny Mode Sdn Bhd (SMSB), a property development company, for a cash consideration of RM3 million from Nestin Sdn Bhd.

In an announcement to Bursa Malaysia, the group said SMSB will now become a wholly-owned subsidiary of Hua Yang.

HULU TERENGGANU (April 17): The Terengganu government is distributing land to the people in the state through the Terengganu People Land Democratisation system.

Menteri Besar Datuk Seri Ahamd Said said the state government policy would provide a residential or agriculture lot to each Terengganu-born family who do not own land.

KUALA LUMPUR (April 17): The final phase of YTL Land & Development Bhd's (YTL Land) Lake Fields development in Sungai Besi was fully taken up within the day.

The fourth and final phase of YTL Land's lakeside gated-and-guarded township — dubbed Reed — was sold out via a balloting exercise held at the JW Marriot Kuala Lumpur on April 8.

LONDON (April 17): Grosvenor Group, the Duke of Westminster's property firm that owns most of London's upmarket Belgravia and Mayfair districts, saw its returns fall to 9% last year on the back of weak retail values in Europe.

KUALA LUMPUR (April 16): Local developer OSK Property Holdings Bhd is tying up with group buy portal Groupon Malaysia to promote its Paragon Sofo suites at its Pan'gaea mixed-development in Cyberjaya.

Under the partnership, Groupon Malaysia will sell vouchers worth RM8,000 that can be used for down payment of the units at RM500.

KUALA LUMPUR: MMC-Gamuda Joint Venture Sdn Bhd is looking to subcontract 4km of the My Rapid Transit (MRT) tunnelling works to foreign parties, said sources.

A source told The Edge Financial Daily that the consortium would subcontract a 4km stretch of the total 9.5km MRT tunnelling works to foreign firms and would also lease the boring machines to them.

KUALA LUMPUR: IGB Corp Bhd’s unit KrisAssets Holdings Bhd has proposed to set up a real estate investment trust (REIT)  comprising two shopping malls, The Gardens Mall and Mid Valley Megamall, which will be listed on Bursa Malaysia.

HONG KONG (April 17): Two Hong Kong tycoons have been named in a Macau corruption trial involving a jailed former government official, dealing a further blow to the region's reputation after a series of scandals that have rocked the financial centre of Hong Kong.

SINGAPORE (April 16): New private home sales in Singapore dipped slightly in March from February but remained high by historical norms, indicating continued strong demand for apartments in the city-state despite measures to cool the housing market.