KUALA LUMPUR: Hunza Properties Bhd has entered into sale and purchase agreement (SPA) to acquire four pieces of freehold land in Penang from Ong Thye Peng and Ong Gaik Kee for a total cash consideration of RM82.093 million. Both Ong Thye Peng and Ong Gaik Kee are trustees of the estate of the late Ong Joo Sun.

KUALA LUMPUR: Kumpulan Hartanah Selangor Bhd (KHSB) has entered into a Memorandum of Arrangement (MOA) with Menteri  Besar Selangor (Incorporated) (MBI) whereby MBI will provide KHSB a specific grant for the principal amount of RM115.101 million.

KUALA LUMPUR: Frasers Hospitality, a premier serviced apartment provider and a branch of Frasers Centerpoint Limited, has made its debut in Malaysia through Fraser Place Kuala Lumpur.

KUALA LUMPUR: Ahead of its crucial EGM tomorrow (Dec 31), Ho Hup Construction Company Bhd on Dec 29 issued a notice to assure shareholders that its proposed land sales are “in the best interest” of the company and owners.

NEW YORK: Midtown Manhattan office rents fell 33 percent in 2009 as New York’s financial industry cut staff and relinquished space, according to Bloomberg citing a report by commercial property broker FirstService Williams.

PETALING JAYA: Tanjung Balai Development Sdn Bhd will hand over J-Avenue shopoffice project (pictured), which is located just behind AEON Jusco Cheras Selatan, in Selangor to buyers in January.

MIAMI: Florida's Miami-Dade County will start using the Internet next month in a bid to help auction off tens of thousands of delinquent properties that have put it on the frontlines of the U.S. foreclosure crisis.

KUALA LUMPUR: Property developers will continue to emerge as key winners in 2010, driven by rising demand and improving economic outlook, according to an analyst at MIDF Research.

HONG KONG: New mortgage loans approved in Hong Kong in November rose 203.8% from a year earlier, but fell 11.1% from October for a fifth consecutive month-on-month decline, figures from the Hong Kong Monetary Authority (HKMA) showed, according to Reuters on Dec 29.

Month-on-month figures are not seasonally adjusted.