KUALA LUMPUR: Success Transformer Corporation Bhd plans to acquire a piece of industrial land, along with a factory, from Dekor Panel Emas Sdn Bhd for RM18.5 million.

The company announced to Bursa Malaysia on Monday, Sept 20 that the conditional letter of offer was submitted on the same day for the parcel of land measuring 6.05 acres or 24,490 sq mts in Bandar Rawang.

KUALA LUMPUR: The Malaysian government is mulling potential partnerships with major real estate developers to develop land parcels within Putrajaya in a bid to stimulate economic activity within the administrative capital.

One such possible joint venture is between IOI Properties and Putrajaya Holdings Sdn Bhd to develop land within the centre of Putrajaya.

KUALA LUMPUR: Petaling Tin Bhd reported a net loss of RM10.02 million for its third quarter (3Q) financial results ended July 31, 2010, compared with a net loss of RM982,000 a year ago.

It said on Monday, Sept 20, that for the group's cumulative results, it recorded a net loss of RM11.244 million, compared with a loss of RM2.241 million a year ago.

KUALA LUMPUR: Mah Sing Group Bhd’s One Legenda three-storey bungalows in Cheras have achieved a 55% take-up rate following its sales launch, said the company's chief operating officer Teh Heng Chong.

BEIJING: A high percentage, 72.2%, of mainland Chinese said that property prices are "too high to accept" despite government measures to cool the real estate sector, a survey from the central bank revealed.

MACAU: The European-style mansions scattered throughout Macau reflect its 400 years of Portuguese heritage, but in a sad reminder of the city's changing face the families who lived in them are mostly long gone.

LONDON: Property asking prices in England and Wales fell for a third consecutive month in September and have lost half the gains they made in the six months of the year, a survey showed on Monday, Sept 20.

BEIJING: An increasing number of Chinese think house prices will rise further, but fewer bankers expect a pre-emptive monetary policy tightening, according to a quarterly survey by the People's Bank of China released on Sunday, Sept 19.

I-Bhd's technology hub in Shah Alam is buzzing with activity these days. CEO Eu Hong Chew attributes this to the township's City of Digital Lights and collaboration with the Tourism Ministry to turn it into a hot spot for tourists.

Sima Group of Companies, through its founder and chairman, Gan Seng Biang, completed its first construction project some 30 years ago. It was a 6-storey apartment project in Brickfields in Kuala Lumpur.The company first started out in 1974 as a construction company.