KUALA LUMPUR: The Federal Territory Land and Minerals Director's Office (PPTGWP) saw an increase in quit rent collection for the first two months this year, following three initiatives to facilitate payment.

KUALA LUMPUR: Tadmansori Hotel Resort Sdn Bhd, which operates the Nadias Inn Comfort Langkawi Hotel, expects its revenue to breach RM2 million this year.

Group Financial Controller of the parent company, Tadmansori Holding Sdn Bhd, Mohammad Hasbi Jaafar said the company had been experiencing steady revenue growth over the past three years.

Lai Thieu project safely in the bag

Malaysia property

Food for thought: Penang property

LAHAD DATU: Lahad Datu, which is among the rapidly developing districts in Sabah, should be upgraded to a municipal council, from a district council currently, Assistant Minister to the Chief Minister, Datuk Datu Nasrun Datu Mansur, said Friday March 12.

SYDNEY: Australian property firms and pension funds, armed with a multi-billion dollar war chest, are poised to go on a shopping spree, eyeing distressed real estate targets from the United States to across Asia.

Money is plentiful and credit is cheap and there is no shortage of potential targets following the seizure in U.S. real estate markets in recent years.

PETALING JAYA: Sime Darby Property Bhd is expecting good sales for iits high-end development named "Seri Pilmoor" in Ara Damansara.

The project with a gross development value of RM469 million comprises 74 bungalow retreats from 6,500 sq ft and 34 semi-detached homes from 4,600 sq ft ensconced within 28.5 acres of landscaped elevated freehold land.

PETALING JAYA: Sime Darby Property Bhd hopes to maintain its 28 per cent profit margin for its current financial year ending June 30, 2010, said Managing Director Datuk Tunku Putra Badlishah Tunku Annuar.     

KUALA LUMPUR: Sarawak-based property developer, Naim Holdings Bhd plans to venture into Libya to undertake the construction of several facilities.

Naim is set to sign a memorandum of understanding with the General Board of Privatization & Investment (GBPI) of Libya at 4pm on Friday, March 12.

KUALA LUMPUR: TA Enterprise Bhd (TAE) has proposed into inject its hotel in Singapore to 69.66%-owned subsidiary TA Global Bhd (TAG) for RM651.8 million.

TAE had announced previously that it would do so when it acquired the hotel for RM635.8 million last November.