KUALA LUMPUR: ECM Libra Investment Research is maintaining its Buy call and target price for SP Setia at RM4.05 based on upper-end P/E valuation of 20 times on CY10 EPS.
It said on Wednesday, March 17 it did not expect a material impact after the property company terminated the 50:50 joint venture for the Setia View project in Penang.

KUALA LUMPUR: Maju Holdings Sdn Bhd's 1,000-acre property in Ulu Tiram, Johor is set to become a high-end, integrated and gated community.

PETALING JAYA: Setia Promenade Sdn Bhd, a wholly owned subsidiary of S P Setia Bhd, has terminated a joint-venture agreement with PPH Resorts (Penang) Sdn Bhd for the proposed development of a 45-acre freehold land in Penang Island, citing among other reasons, failure of common purpose of the agreement.

KUALA LUMPUR: Mah Sing Group Bhd has achieved 80% sales of 268 units for its Perdana Residence 2 project in Selayang to date.

A preview of the projects show units on March 13 in Selayang, saw more than 500 buyers and visitors touring the show houses and giving their feedback on the 3-storey superlink homes.

BEIJING: Two land sales in Beijing have shattered price records and both buyers were state-owned companies, sparking outrage and astonishment at the city's frothy property market.

KUALA LUMPUR: The closure of Puduraya bus station, schedule to start on March 19, has been postponed to another date, UDA Holdings Bhd said.

In a statement, he said the postponement was decided during a meeting with the Federal Territories and Urban Wellbeing Ministry, Commercial Vehicle Licensing Board, Kuala Lumpur City Hall, Road Transport Department and police.

HONG KONG: The real estate market in Asia-Pacific in 2010 continues to benefit from improving sentiment and the gradual economic recovery in the second half of 2009.

KUALA LUMPUR: UK-based developer, St George Central London Ltd is marketing 69 units of apartments and penthouses known as the Curtiss Apartments (pictured) in Beaufort Park, North London, to Malaysian investors.

PETALING JAYA: Pertubuhan Akitek Malaysia (PAM) has called for a briefing on the findings of investigations into the collapse of the roof of Stadium Sultan Mizan Zainal Abidin in Terengganu.

KUALA LUMPUR: Eight distinguished speakers, including Plantation Industries and Commodities Minister Tan Sri Bernard Dompok shared their insights on the surveying profession and how it can be a stepping stone to other high-profile careers, at the Galaxy of Surveying Stars seminar on March 16.