SHAH ALAM: i-Bhd’s first residences in its 72-acre (29.1ha) freehold i-City development in Shah Alam have garnered encouraging sales since its sales preview on March 24. The serviced residence known as i-Residence with a gross development value of RM160 million has hit 65% sales to date.

KUALA LUMPUR: Land & General Bhd (L&G) is looking to kick-start its 200-acre (80.9ha) gated residential project in Seremban, Negri Sembilan by end-2012. “We are in talks with the Seremban authorities,” managing director Low Gay Teck said after an EGM held in Bandar Sri Damansara yesterday. “There were some comments on our layout which we have addressed.

KUALA LUMPUR: MKH Bhd’s RM675 million turnkey construction contract (TCC) from Puncak Alam Resources Sdn Bhd is considered unusual and puzzling. The group’s construction outfit makes only a small margin compared to its core expertise as a property developer, say analysts.

PETALING JAYA: Tradewinds Corp Bhd has followed the precedence set by DRB-Hicom Bhd in swapping its Malay reserve land status in Langkawi Island with comparable non-Malay reserve land on the mainland at a conversion rate of RM5 psf.

KUALA LUMPUR/LONDON (April 4): Investment fund Permodalan Nasional Bhd's (PNB) plan to buy a London office building let to German bank WestLB for £265 million (RM1.29 billion) has fallen through at the eleventh hour.

KUALA LUMPUR: MKH Bhd’s wholly-owned unit has been awarded a turnkey construction contract (TCC) worth up to RM675 million over five years by Puncak Alam Resources Bhd (PAR) to build residential and commercial properties in Kuala Selangor.

KUALA LUMPUR: The number of property units sold last year went up by 14.3%, an increase against 2010’s 11.3%.

However, the growth is expected to decelerate this year as Bank Negara Malaysia’s (BNM) measures on prudent lending take effect, curbing speculation in the domestic property market, according to investment analysts and property consultants.