HONG KONG: More than 85% of the third round of sales at the Hermitage — the first residential development launched since stricter rules on marketing were enforced — were sold on Sunday, July 4, its developer said.

Of the 180 flats that went on sale at 11am, Sino Lands said 100 had been snapped up by noon.

KUALA LUMPUR: CapitaMalls Asia Ltd, the sponsor of CapitaMalls Malaysia Trust (CMMT), is buying the Gurney Plaza extension block and some car park bays for RM215 million from Gurney Plaza Sdn Bhd.

KUALA LUMPUR: PJI Holdings Bhd is selling Wisma PJI in Selangor to Pan Pacific Enterprise Sdn Bhd for a total of RM8.8 million.

PJI Holdings had on June 30 entered into two sale and purchase agreements with Pan Pacific Enterprise on June 30 to dispose of the building — consisting of two adjoining units of 3-storey semi-detached factory, respectively — in Bukit Jelutong, Shah Alam.

June 2010: You win some, you lose some

KUALA LUMPUR: Asian Pac Holdings Bhd is looking at a more stable revenue stream from recurring income through its KK Times Square II project in Kota Kinabalu, Sabah.

Having focused on medium-cost housing in Selangor over the last 35 years, the developer is ready to move to the next level, says co-founder Datuk Seow Cho Thoy.

Russia today is a far cry from the former Soviet Union described by Ian Fleming in his James Bond novels. As the country embraces global capitalism, many affluent Russian-speaking individuals are looking to invest their money overseas.

One of the biggest property developers in Malaysia by market capitalisation, IJM Land Bhd is known for its large-scale housing projects.

Malaysia tends to undersell itself, says Choy-Soon Chua, managing director of Germany-based SEB Investment GmbH (SEB) as he takes City & Country on a tour of Pavilion Residences Tower 1’s newly launched 4-bedroom Sky Villas. Launched on June 26, at an average price of RM1,500 psf, the final phase of Tower 1 offers only 20 units of Sky Villas and six duplex units known as Sky Palaces.

Interest in landed properties up for auction in April and May continued to rise, maintaining the trend in March when the number of bidders shot up, say auctioneers. Demand seemed to have spilled over to even the “not-so-hot” areas.Auction Data Sdn Bhd’s CEO Gary Chia says 6,689 properties were up for auction throughout the country in April, including 2,796 landed properties.