KUALA LUMPUR: CapitaMalls Malaysia Trust's (CMMT) has achieved RM21.1 million income available for distribution for the quarter from July 14, 2010 to Sept 30, 2010.

In a press statement on Friday, Oct 15, its manager CapitaMalls Malaysia REIT Management (CMRM) Sdn Bhd said this translates into available distribution per unit (DPU) for 3Q 2010 of 1.56 sen.

KUALA LUMPUR: LTKM Bhd is acquiring four pieces of freehold agricultural land in Kuala Langat for RM9.4 million.

In a filing to Bursa Malaysia on Friday, Oct 15, the company said its unit LTK Properties Sdn Bhd had entered into four sale and purchase agreements with Hock Ban Seong & Company Sdn Bhd for the deal.

The land measures a total of 21 acres.

KUALA LUMPUR: Teo Guan Lee Corporation Bhd said on Friday, Oct 15 that it intends to sell a parcel of land in Penang, together with the building atop of it for RM750,000.

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KUALA LUMPUR: Malaysia's Budget 2011 was tabled in Parliament by Prime Minister Datuk Seri Najib Abdul Razak on Friday Oct 15.  Below are proposals related to the property-sector.

KUALA LUMPUR: The government has taken various initiatives to improve the public transport system to make it comprehensive and efficient, according to the Economic Report 2010/2011 released on Friday, Oct 15.

In this context, improving urban public transport has been identified as one of the National Key Result Areas (NKRAs).

KUALA LUMPUR: Tune Hotels announced on Friday, Oct 15 that there will be another 1,023 rooms added to Tune Hotels via its partnership with Red Planet Hotels, an emerging Asian hotel investment company.

These rooms will be spread across six hotels built in Jakarta, Bangkok and Pattaya in Thailand, as well as the Philippines’ Angeles City and two more in Manila.

KUALA LUMPUR: Thirty-nine European companies have confirmed their participation in the International GreenTech and Eco Products Exhibition Malaysia (IGEM 2010), bringing the total number of exhibitors to 265.

These companies come from nine European Union (EU) countries, namely Austria, Denmark, France, Germany, Greece, Italy, the Netherlands, Poland and Portugal.

KUALA LUMPUR: Cathay Pacific unveiled its new lounge at Hong Kong International Airport on Thursday, Oct 14. The lounge is designed by by Foster + Partners, an international architecture, planning and design firm.

IJM LAND
Second wind from NAV expansion

KUALA LUMPUR: In an effort to ensure every citizen owns a residential property, the government has proposed stamp duty exemption on instruments of transfer and loan agreements for residential property.