KEPONG INDUSTRIAL PARK (KIP) Group, a real estate developer that is known for the fresh market outlets called KIP Mart in Johor, Melaka and Negeri Sembilan, plans to launch two of its largest projects at the end of this year.

KUALA LUMPUR: Amcorp Properties Bhd, which is controlled by banker Tan Sri Azman Hashim, wants to deliberate further with Gamuda Bhd on the latter’s RM250 million cash offer to buy its 20% stake in Kesas Holdings Bhd.

A filing with Bursa Malaysia yesterday said that Amcorp would negotiate with Gamuda on the terms of its offer dated Nov 4.

KUALA LUMPUR: Prime global rents are 5.3% higher than they were a year ago, which were contributed strongly by Nairobi and Dubai, according to Knight Frank’s Prime Global Rental Index for the second quarter of 2013 (2Q13). The index rose by 2.3% in 2Q13, making it the highest quarterly rate of growth for three years.

LONDON: Prime central London experienced a decline in rental rates, while the price growth of properties slowed in the past month, according to Knight Frank’s global head of residential research Liam Bailey, in presenting the Prime Central London Rental Index report and Prime Central London Sales Index report.The Rental Index showed that across the area rents fell by 0.5% month-on-month in Octo

Show unit of Sunway Geo Residences.

KUALA LUMPUR: The sudden increase in assessment rates in the city is to correlate with the rising cost of property, says Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor.

KUALA LUMPUR: The vendor in a land transaction involving Mah Sing Group Bhd is taking steps to lift a suit that may stop the property developer from acquiring 1,352 acres (547ha) in Johor.

Mah Sing said in an announcement yesterday that the vendor, Bistari Land Sdn Bhd, is taking steps to settle the outstanding sum of RM11.6 million owed to the Malaysian Highway Authority (MHA).

KUALA LUMPUR: Ekovest Bhd, which is banking on assets to generate more recurring income, is keen on developing highways in the southern Kuala Lumpur area as part of its expansion plans, said managing director Lim Keng Cheng.

KUALA LUMPUR: Mah Sing Group Bhd seems to have suffered another setback in its landbanking expansion plan. A petition has been presented to the High Court of Johor Baru to wind up Bistari Land Sdn Bhd, with which Mah Sing is in talks to acquire 1,352 acres (547ha) of agricultural land for RM411.2 million.

CHINESE developers’ sales of dollar bonds more than doubled this year, reflecting confidence the government will tolerate a sustained property boom as home prices climb at the fastest pace since January 2011.