The Klang Valley landed-housing market may be hot but we are not in a property boom, says Allan Soo of CB Richard Ellis (Malaysia).“A property boom is characterised by people going mad about prices and rushing to buy, but we don’t see this happening in Malaysia,” he said when presenting The Edge/CBRE Klang Valley Housing Property Monitor for 1Q2010.

Mr Ng, a 47-year-old Singaporean, felt that his three daughters, aged 16 to 20, needed more space than they had at their four-bedroom apartment at Grange Residences at the corner of Tanglin Road and Grange Road. The 164-unit luxury condominium development features four-bedroom apartments that measure 2,583 to 2,852 sq ft.

The Chinese real estate investors are in town and they are buying, buying big.

Sunway Giza, the latest retail icon within Petaling Jaya’s Kota Damansara township, is creating a new buzz in the area.

'Second generation property king'

Standing on the rooftop terrace of the Parbury Avenue house that was once his family home, Derek Goh gestures at the view of the Upper East Coast neighbourhood with the greenery, and a glimpse of the sea beyond.

KUALA LUMPUR: Several companies on May 21, conducted share option schemes, warrant and share buy back exercises as announced on Bursa Malaysia.

Muhibbah Engineering (M) Bhd undertook an employees’ share option scheme by issuing 45,000 new ordinary shares of RM0.50 each, which will be granted listing and quotation with effect from 9am May 25, 2010.

KUALA LUMPUR: Talam Corp Bhd has appointed Ng Bee Ken, 56, as a non-executive director, the firm said in an announcement in Bursa Malaysia on May 21.

KUALA LUMPUR: IJM Land Bhd entered into a shares sale agreement with existing shareholders of Sova Holdings Sdn Bhd (SHSB) Ong Yeng Tian @ Ong Weng Tian, Ong Seh Choon, Ong Seh Yew, Ong Chiew Gee and Ong Chiew Lee, to acquire from them a total of 210,000 ordinary shares of RM1 each.

KUALA LUMPUR: Datuk Jeffrey Ng Tiong Lip is now the full-time CEO of Sunway REIT Management Sdn Bhd.

Ng was appointed to the post in March 2010 to manage Sunway REIT, which was established on May 20 upon the registration of the Trust Deed with the Securities Commission (SC), stated a release from Sunway Group on May 21.