The segment of the property market in Singapore that seems to be immune to the government measures announced on Feb 19 relating to stamp duties and loan-to-value (LTV) limit appears to be landed housing, which was the best-performing residential sector last year.

KUALA LUMPUR: Amtek Holdings Bhd has disposed of its unit Amtek Realty Sdn Bhd for RM4.6 million.

In a filing to Bursa Malaysia on April 2, the company said the entire equity in Amtek Realty, comprising five million shares of RM1 each, was sold to Commerce Dot Com Sdn Bhd on the same day.

PETALING JAYA: Global direct commercial real estate investment volumes are anticipated to increase between 30% and 40% this year, said financial and professional services firm, Jones Lang LaSalle (JLL).

KUALA LUMPUR: The Master Builders Association Malaysia (MBAM) is urging the government to regulate the number of contractors as a means of qualifying parties who are tendering.

KUALA LUMPUR: Ahmad Zaki Resources Bhd has been awarded a construction project worth RM59.99 million.

In a filing to Bursa Malaysia on April 2, it said its unit Ahmad Zaki Sdn Bhd had on April 1, received the letter of award from Putrajaya Holdings Sdn Bhd for the construction of waterfront shopoffices and external works on plot 8C1 in Putrajaya.

IPOH (Perak): The Perak state government is planning to set up a structured housing programme for ex-servicemen in appreciation of their contribution to the country, Perak Menteri Bsar Datuk Seri Dr Zambry Abdul Kadir said.

He said the state government had instructed district officers to identify suitable areas for the programme.

KUALA LUMPUR:The Penang Bridge obtained the top score from the Malaysian Highway Authority (MHA) in a 2009 survey for its maintenance and operational services.

In a statement on Friday April 2, Penang Bridge Sdn Bhd said the bridge scored an average rating of 92.4 per cent, which was an improvement over 2008 when the bridge scored an average of 83 per cent.

PETALING JAYA: Dijaya Corp Bhd will be launching a new commercial and lifestyle development named Tropicana Avenue (pictured) located within the Tropicana Golf and Country Resort in Petaling Jaya, Selangor in the middle of the year.

PETALING JAYA: Johor Corp (JCorp) is building a RM23 million Islamic business school in Kota Tinggi, Johor.

Its president and chief executive, Tan Sri Muhammad Ali Hashim, said the business school, Academy JCorp, would focus on teaching, developing and implementing Islamic principles into business practices.

NEW YORK: General Growth Properties Inc, the No 2 US mall owner, filed an eagerly awaited plan to exit bankruptcy on Wednesday (March 31), setting the stage for suitors such as Simon Property Group Inc to come in with rival bids.