Contractor turned developer Pilot Group is banking on the green and luxury elements of its maiden project — the RM120 million Duta Kinrara at the highest point in Bandar Kinrara, Puchong — to make it a success.

Sime Darby Property Bhd is looking to launch two luxury niche products in Kuala Lumpur next month — Turnberry Villas in the Kuala Lumpur Golf & Country Club (KLGCC) grounds off Jalan Bukit Kiara and Kenny Hills Residence in Bukit Tunku.

Perbadanan Kemajuan Negeri Selangor (PKNS), also known as the Selangor Development Corporation, has been busy over the last two years planning several redevelopment projects in prime locations in the state.

The Chinese have overtaken Malaysians as the second-largest overseas buyers in Singapore’s residential market, despite the Singaporean government introducing measures aimed at cooling down the market.

KUALA LUMPUR: S P Setia Bhd added another feather to its cap with a win at the global FIABCI Prix d'Excellence Awards 2011 in Cyprus for its Setia Eco Park development Thursday night, May 19, it stated on Friday. The win was for the Residential (Low Rise) Category.

SETIU: The TerengganuLand and Mines Office (PTG) is cautious in approving group land applications from those who illegally occupy state land to prevent shortage.

Menteri Besar Datuk Seri Ahmad Said said investigation revealed that those with land had also applied for the second time, thus depriving others of the opportunity.

SINGAPORE: Malaysia's largest property developer Sime Darby Property Bhd is eyeing for new projects, especially redevelopment projects in Singapore, says managing director Datuk Tunku Putra Badlishah ibni Tunku Annuar.

"We are constantly looking for new projects, but obviously as you see the land here is very scarce and expensive, so we are doing more on redevelopment projects.

KUALA LUMPUR: KLCC Property Holdings Bhd posted a net profit of RM706 million for its financial year ended March 31, 2011 (FYE2010), up from the net profit of RM647.6 million posted for FYE2009.

KUALA LUMPUR: Malton Bhd recorded a net profit of RM26.3 million for its third quarter ended March 31, 2011 (3Q2011), on the back of revenue of RM116.4 million.

The results marked a significant improvement over its net profit of RM3.6 million and revenue of RM64.9 million posted a year ago.

WASHINGTON: Nationwide US housing starts fell 10.6% in April to a seasonally adjusted annual rate of 523,000 units as concerns regarding competition from foreclosures, a lack of consumer confidence in the housing market and the inability to secure production credit caused builders to slow production, according to newly released figures from the US Commerce Department.