KUALA LUMPUR: The government can consider imposing the real property gains tax (RPGT) on property disposal by companies and foreigners beyond the five-year period to curb speculation and excessive rise in property prices especially in the Klang Valley, said a prominent real estate consultant.

RIO DE JANEIRO: Listening to Jose Carlos de Vasconcellos talk about Rio de Janeiro's property market is like being transported back to the bubble days in the US or Europe.

PETALING JAYA: The Wharf Hoarding Design Competition, organised by Bolton Bhd at its Taman Tasik Prima Puchong township, attracted more than 30 entries from art and design colleges and universities in Malaysia, with the champion coming from One Academy.

KUALA LUMPUR: All 338 of YTL Land & Development Bhd's The Capers's condominium tower units were sold out in two days, it said on Sunday, Mar 27. YTL Land's twin tower condominium — previewed from last Friday — had over 7,000 interested registrants.

MUKAH: Sarawak's very warm relations with the federal government enabled the state government to gain funds to the tune of RM50 million recently.

The money will be used to build about 600 units of Rumah Mesra Rakyat (People-Friendly Homes) statewide.

Quantum Victory Sdn Bhd may be small, but the developer has done well in its maiden project.

KUALA LUMPUR: KrisAssets Holdings Bhd is proposing to acquire 100% equity interest in Mid Valley City Gardens Sdn Bhd for RM215.71 million from IGB Corp Bhd.

In a statement to Bursa Malaysia on Friday, Mar 25, KrisAssets said it intended to finance the proposed acquisition from internally generated funds and/or borrowings.

KUALA LUMPUR: Mah Sing Group Bhd has acquired two companies — Capitol Avenue Development Sdn Bhd and Liberty Property Management Sdn Bhd — for a cash consideration of RM2 each respectively.

KUALA LUMPUR: Selangor Properties Bhd (SPB) reported a net profit of RM5 million in the first quarter (1Q) for the financial year ending Oct 31, 2011, compared to RM6.7 million in the preceding year, corresponding with the main contributors from the property development, investment properties and education.

KUALA LUMPUR: TA Global Bhd posted a net profit of RM23.5 million in the fourth quarter (4Q) for the financial year ended Jan 31, 2011 — an increase of 5% compared to RM22.3 million in the same period a year ago due to higher contribution from the hotel division as a result of TA Global's hotel acquisition exercise.