KUALA LUMPUR: Prinsiptek Corp Bhd — through its wholly-owned subsidiary Gabungan Sanjung Sdn Bhd — has acquired a 4.5-acre leasehold tract in Section 7, Shah Alam from Satriadesa Corporation Sdn Bhd for RM15 million.

KUALA LUMPUR: Naza TTDI has launched its latest residential product called Viola at its township TTDI Alam Impian in Shah Alam.

In a press release on Monday, Dec 13, over 95% of 2-storey terraced houses have been booked when it was launched. Viola is the second residential development phase in Alam Impian and it aims to provide an urban living experience for families.

KUALA LUMPUR: Hua Yang Bhd — in partnership with the Majlis Bandaraya Shah Alam (MBSA) — launched Oasis 9, a 2-storey commercial complex in Section 9, Shah Alam recently.

The 30,000 sq ft complex, just five minutes from the Concorde Hotel in Shah Alam, is already 100% tenanted with shops such as boutiques, hair salons, optical shops, and mini kiosks. It also has a food court.  

TORONTO: The Canadian residential housing sector is landing safely after a wild ride over the past three years, Toronto-Dominion Bank said in a report last Thursday, Dec 9.

LONDON: Asking prices for homes in England and Wales fell 3% over the past month to stand just 0.4% higher than a year ago, due to economic uncertainty and low mortgage approvals, property website Rightmove said.

LONDON: A British estate agent is offering rental returns guaranteed for 10 years at a London development — the first time an agency has offered such a guarantee for flats sold off-plan in Britain.

Asian investors have bought 80% of the units sold at the development since marketing started late last month.

HONG KONG: Bullish forecasts for the Hong Kong stock market could lure property traders to the equities market as additional stamp duties and higher initial down payments threaten to squeeze returns from making punts on property.

HONG KONG: New stamp duties and tighter mortgage rules on higher value apartments have blown a wintry chill through the property market and agents do not expect a thaw until the Lunar New Year at the earliest.

So what should owners do if they are looking to sell a property in the present climate?

KUALA LUMPUR: The YTL group further restructured its property portfolio with the injection of a slew of assets into Starhill Real Estate Investment Trust (Starhill REIT), making it the first full-fledged hospitality REIT in the country.

KUALA LUMPUR: TA Global Bhd's net profit for 3QFY11 ended Oct 31 has more than doubled to RM38.75 million from RM17.11 million a year ago mainly due to higher contribution from the hotel division as a result of its recent acquisition exercise.