KUALA LUMPUR: S P Setia Bhd's unit is buying 259.1 acres of land in Johor for RM169.26 million cash to replenish its land bank as the Setia Indah Johor development was at its tail-end.

S P Setia said on Thursday, Sept 9 its unit Setia Indah Sdn Bhd had entered into a conditional sale and purchase agreement with from Kelana Ventures Sdn Bhd to acquire the land.

KUALA LUMPUR: Mah Sing Group Bhd has proposed to issue up to RM325 million nominal value  seven-year redeemable convertible secured bonds which would be mainly to finance land acquisitions and working capital.

KUALA LUMPUR: The last phase of Sunway Vivaldi, comprising one block of 18 condominium units, was launched over the weekend of Sept 4.

BEIJING: China must maintain curbs on speculative housing demand as the benefits of the crackdown will outweigh the drawbacks, the People's Daily, the mouthpiece of the ruling Communist Party, said on Thursday, Sept 9.

HONG KONG: So much for cooling the market. China Vanke, the China's largest listed property developer, said it pulled in a record 11.9 billion yuan (RM5.45 billion) in sales last month.

Sales in Shenzhen soared by 84%, in Guangzhou they were up 56%, and there were steep rises in Shanghai (31%) and Beijijing (23%).

KUALA LUMOUR: Quek Cham Hong has been redesignated as a non-executive director of Dijaya Corporation Bhd, the group announced on Bursa Malaysia on Wednesday, Sept 8.

KUALA LUMPUR: Resident associations may set up guarded neighbourhoods if a minimum of 51% of residents agree, said Housing and Local Government Minister Datuk Chor Chee Heung.