KUALA LUMPUR: The Malaysian property market especially the Klang Valley market is in for a “soft landing” as property prices plateau in the next three to four years. Christopher Boyd, executive chairman of CB Richard Ellis (Malaysia) shared this with an attentive audience at The Edge Investment Forum on Real Estate 2011, on Saturday, April 9.

Full house at the forum - photo by Abdul Ghani Ismail/TheEdge

KUALA LUMPUR: IOI Corporation Bhd (IOI) together with its wholly-owned subsidiary, IOI Consolidated (Singapore) Pte Ltd (IOI Consolidated) has acquired 49.9% equity interest in Scottsdale Properties Pte Ltd (Scottsdale) for about S$115 million.

KUALA LUMPUR: Parkson Holdings Bhd (PHB) is planning a collaboration with Indonesia based PT Mitra Samaya (MS) for the expansion of departmental stores and supermarkets in Indonesia.

KUALA LUMPUR: Sine Darby Property's latest link homes at its Bandar Bukit Raja township development in Klang, Selangor continues to see good sales. Just two days after Sime Darby’s Delmara link homes in Bandar Bukit Raja opened for sale recently, 85% of its 54 units have been snapped up.

KUALA LUMPUR: The Singapore government will be gazetting the Tanjong Pagar Railway Station as a national monument and the Bukit Timah Railway Station as a  conserved building, said the Singapore Urban Redevelopment Authority.

KUALA LUMPUR: The Master Builders Association Malaysia (MBAM) has suggested that the government reduce the import duty and sales tax for heavy machinery used in construction, on a systematic basis within two years, to five per cent from the 20 per cent currently.

KUALA LUMPUR: Mudajaya Group Bhd  (MGB) has appointed Anto Joseph as its joint managing director.

New landbank in Setapak

• It was announced on Bursa Malaysia yesterday that Malaysian Resources Corporation (MRCB) has proposed to acquire three parcels of leasehold land measuring a combined 27.4 acres (1.19 million sf) in Setapak, Kuala Lumpur, for RM110mil (RM92psf).

KUALA LUMPUR: TA Global Bhd's wholly-owned unit, Swiss Liberty Sdn Bhd, has completed the acquisition of the hotel and business of Swissotel Kunshan in Kunshan, China from Kingdom Hotel Investments.