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CapitaLand open to China listing

SINGAPORE: Southeast Asia's largest property developer CapitaLand is open to the idea of a listing in China, where the firm's shopping mall unit plans on almost doubling its number of properties, Singapore's Business Times newspaper reported on Wednesday, Jan 5.

05 January, 2011
AXA targets €1b for property debt fund

LONDON: AXA Real Estate said it was aiming for €1 billion (RM4.08 billion) in a debt fund after raising an initial €350 million, as it aims to take advantage of a shortage in bank loans to the commercial property sector.

05 January, 2011
Tomei sells freehold parcels for RM4.6m

KUALA LUMPUR: Tomei Consolidated Bhd entered into a sale and purchase agreement on Dec 27, 2010 for several freehold plots to Oasis Properties Sdn Bhd for RM4.6 million, the group stated in several announcements to Bursa Malaysia on Tuesday, Jan 4.

04 January, 2011
GUH to build RM83.43m water treatment plant in China

KUALA LUMPUR: GHU Holdings Bhd has entered into a preliminary agreement with the Development General Company of Jiangsu Gaochun Economic Development Zone, Jiangsu Province to construct a 180 million yuan (RM83.43 million) water treatment plant that will treat 100 million litres per day, the group announced on Tuesday, Jan 4.

04 January, 2011
Sunway Merica Phase 3 units extremely popular

KUALA LUMPUR: Sunway City Bhd's (SunCity) third phase of Sunway Merica in Penang — comprising of 12 exclusive units of 3-storey semi-detached (semi-D) houses — has received over 500 interested buyers since it opened for registration in mid-December 2010.

04 January, 2011
KL City Walk almost ready

KUALA LUMPUR: This capital city will boast another tourist attraction in February with the launch of the "Kuala Lumpur City Walk" which highlights the "Malaysia, Truly Asia" tourism promotion theme.

04 January, 2011
Failed deal a blessing in disguise?

KUALA LUMPUR: The falling through of the proposed merger between Malaysian Resources Corp Bhd (MRCB) and IJM Land Bhd could be a blessing in disguise for the former.

04 January, 2011
Sunway lands RM218m worth of jobs

KUALA LUMPUR: Sunway Holdings Bhd has clinched two contracts worth RM218.82 million that will contribute to its earnings ending Dec 31, 2011 onwards.

04 January, 2011
Ivory Properties steadily growing

KUALA LUMPUR: Though it has kept a low profile since listing, Penang property developer Ivory Properties Group Bhd has been actively acquiring land on the island, where it is a prominent developer.

04 January, 2011