HONG KONG: Singapore surged past Hong Kong to take top spot as the most promising property market in Asia, according to a survey of big investors. 

KUALA LUMPUR: Kumpulan Europlus Bhd disposed of 20 million shares of Talam Corporation Bhd for RM1.8 million.

In a filing to Bursa Malaysia on Monday, Dec 6, the company said the 20 million shares of 20 sen each, or 0.63% of the total voting share capital of Talam Corp, were sold on Dec 3 at a price of 9 sen per share on a willing-buyer-willing-seller basis.

JOHOR BAHRU: Singaporean and Malaysian investors on Monday, Dec 6 announced a partnership to jointly develop a RM500 million new waterfront residential and commercial project in Johor.

To be known as Azea Properties, the high-end development will be coming up on a 1.68 hectare site in Danga Bay — one of the key flagship zones within Iskandar Malaysia.

KUALA LUMPUR: Nam Fatt Corporation Bhd is disposing a piece of leasehold land in Selangor — together with the buildings erected on it — for RM21.1 million.

In a filing to Bursa Malaysia on Monday, Dec 6, the property developer said it had entered into a sales and purchase agreement with Cengal Saujana Sdn Bhd on the same day for the disposal of the land.

KUALA LUMPUR: UEM Land Holdings Bhd is planning a RM2.84 billion freehold township project in Bangi by March next year at the earliest.

KUALA LUMPUR: Hong Leong Group's property arm GuocoLand (China) Ltd (GLC) is set to go bigger into integrated development in China from its early years of  single building projects when it first set foot in  that country.

KUALA LUMPUR: UEM Land Bhd has proposed to acquire two parcels of plantation land totaling 187.5 hectares from Inch Kenneth Kajang Rubber Public Ltd Co for RM268.5 million.

UEM Land Bhd is a wholly-owned subsidiary of UEM Land Holdings Bhd (ULHB).

ULHB in a filing to Bursa Malaysia today said it intends to develop a new township on the land, located in Semenyih, Selangor.

KUALA LUMPUR: Melati Ehsan Holdings Bhd is expected to launch a bungalow residential project called Bukit Tengku@U10 Shah Alam early next year.

The project, with an estimated gross development value (GDV) of RM300 million, covers 34.3 acres of leasehold land which it had acquired from Tengku Shahrudin Sdn Bhd this year.

KUALA LUMPUR: The Global Property Guide (GPG) released findings on Friday, Nov 26 that over the year till the third quarter (3Q2010), half of the world's property prices are up while the other half was down with some Asian nations having price surges.

The guide's statistics were based on inflation-adjusted house price changes that give a realistic picture of housing figures.

The property investor’s golden rule of “location, location, location” seems to hold true for developer Impiana Land & Development Sdn Bhd. Its project in Desa Sri Hartamas in Kuala Lumpur proves that a project in a good location, coupled with careful planning, can be successful notwithstanding the land status.