The government’s plan for a mass rapid transit system in Kuala Lumpur has stirred much excitement at property developer PPC Glomac Sdn Bhd, as the proposed MRT line from Sungai Buloh to Kajang is expected to have an impact on its Aman Putri township in Sungai Buloh.

KUALA LUMPUR: After hiving off its core insurance business in Malaysia, cash-rich Jerneh Asia Bhd has now set its sights on acquiring Sabah-based property developer Sagajuta (Sabah) Sdn Bhd, whose flagship project is the massive 1Borneo mixed development in Kota Kinabalu.

KUALA LUMPUR: Ibraco Bhd registered a net profit of RM2.85 million for its first quarter ended March 31, 2011 (1Q2011), compared to a net loss of RM1 million the previous year on higher revenue.

KUALA LUMPUR: Kumpulan Wang Persaraan (KWAP), also known as Retirement Fund Inc, has made its first property investment in Australia with the purchase of a freehold building in Melbourne's central business district.

KUALA LUMPUR: A 25-storey condominium project with an interesting concept is coming up off the Old Klang Road in Kuala Lumpur. Since it started selling in early January, Residence 8 @ Kuala Lumpur has achieved a 70% take-up rate, its developer, Ong Chong Realty Sdn Bhd (OCR) managing director, Billy Ong, told The Edge Financial Daily.

KUALA LUMPUR: Sentiment in the Kuala Lumpur residential property market is a mix of optimism and caution as prices of new property launches continue to escalate while affordability is declining for the average house buyer, according to DTZ Research’s Property Times KL 1Q2011 report.“Developers are generally optimistic with planned new launches.

HONG KONG: Prime industrial land prices in Hong Kong continue to be the most expensive in the world at US$1,035 (RM3,105) per sq ft, representing a six-month growth of 9%, according to Colliers International’s recently released Global Industrial Highlights — 2H10.Sales demand is expected to continue over the next 12 months and industrial property prices in Hong Kong are projected to increase by

KUALA LUMPUR: The Malaysian Developers’ Council (MDC) wants the government to expand the coverage of the newly launched My First Home Scheme.It proposed that the RM100,000 minimum housing price for eligibility under the scheme be lowered to benefit lower income homebuyers of medium low-cost housing, said MDC in a statement.

KUALA LUMPUR: A 25-storey condominium project with an interesting concept is coming up off the Old Klang Road in Kuala Lumpur.

WASHINGTON: US home resales volumes bounced back in March, a hopeful sign for recovery in the housing market, but prices continued to decline. The wave of foreclosed properties is keeping supply up but prices down.