KUALA LUMPUR: Menang Corporation Bhd, via its 71%-owned subsidiary Inovatif Mewah Sdn Bhd, accepted the offer from the State Government of Negeri Sembilan to compulsory acquire three pieces of land measuring 51.2 acres, pursuant to the Land Acquisition Act, 1960, for a new Universiti Teknologi Mara (UiTM) campus.

KUALA LUMPUR: Superboom Projects Sdn Bhd, the developer of luxury condominium The Haven in Ipoh, Perak will be the first developer in the country to use a premium quality waterproof paint and waterproofing membrane for a condominium project.

KUALA LUMPUR: Sunway Holdings Bhd is making its foray into Sri Lanka to undertake a mixed development project with a gross development value of RM250 million.

Sunway said on Friday, Sept 24 it was teaming up with Dasa Tourist Complex Pte Ltd to build residential and commercial units in Colombo.

KUALA LUMPUR: Sunway City Bhd (SunCity) introduced the South Quay Princess, a 77-foot long yacht worth RM4 million, at its upscale Sunway South Quay development in Bandar Sunway on Wednesday, Sept 23.

KUALA LUMPUR: Encorp Bhd is disposing of selected office suites located within Encorp Stand, a mixed development in Pusat Perdagangan Kota Damansara via its subsidiary Must Ehsan Development Sdn Bhd (MEDSB), to parties related to Encorp for RM39.5 million.

KUALA LUMPUR: SP Setia recorded a 104.4% increase in net profit for its third quarter (3Q) financial results with RM87.3 million compared with RM42.7 million a year ago. Revenue collected in 3Q was RM414.9 million versus RM365.6 million the previous year.

KUALA LUMPUR: SP Setia Bhd has achieved sales of RM1.95 billion as at Aug 31, 2010 thus achieving its full year FY2010 sales target of RM2 billion with two months to spare before its financial year-end.

The 10-month sales value exceeded the Group’s highest sales value over one financial year of RM1.65 billion recorded in FY2009 by 18%.

KUALA LUMPUR: Selangor Properties Bhd recorded a net profit of RM7.5 million for its third quarter (3Q) financial reports, down from RM33.3 million a year ago. Revenue collected was RM42.5 million compared with RM70.5 million the previous year.

KUALA LUMPUR: The Property and Investors Alliance (PAIA) is organising its inaugural property exhibition for three days, starting on Friday, Sept 24 at the Mid Valley Exhibition Centre in Kuala Lumpur.

MUMBAI: High prices and rising mortgage rates are hurting demand in India's once-booming housing market, jeopardising a pipeline of about US$6 billion (RM18.54 billion) in initial public offerings (IPOs) from Indian property companies.