KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak on Tuesday, Apr 19 announced that RM9.6 billion would be invested by 2020 to develop the Karambunai Integrated Resort City (KIRC) as a premier world-class ecotourism destination.

KUALA LUMPUR: UEM Land is a strong candidate for inclusion as an index component of the FBM KLCI being the largest property stock on Bursa Malaysia by market capitalisation and landbank size now, OSK Research says.

HONG KONG: A sensible pair of shoes or basic household items may become increasingly hard to find in Hong Kong's prime retail districts as wall-to-wall luxury brands force out local retailers.

KUALA LUMPUR: United Malayan Land Bhd (UMLand) unit Seri Alam Properties Sdn Bhd is teaming up with Singapore's Raffles Campus Pte Ltd to develop a RM35 million campus in Iskandar Malaysia.

KUALA LUMPUR: Ken Holdings Bhd expects to see a better performance this year driven by robust demand for its properties.

Managing director Kenny BK Tan said the company's ongoing projects expected to be completed on schedule included the Ken Rimba project in Shah Alam, comprising both commercial and residential developments.

RAWANG: GuocoLand (Malaysia) Bhd will launch Peridot Hilltop Residence, the final phase of Peridot Precinct within its Emerald township here on Saturday, Apr 23.

KUALA LUMPUR: OSK Property Bhd's upscale Mirage by the Lake condominium development in Cyberjaya has seen 90 out of 125 condo units in its first phase sold since February.

This represents a 72% take-up of the first phase where the units were priced from RM582,000 to RM1.07 million, with units ranging from 1,102 sq ft to 2,202 sq ft in gross built-up.

Investment Highlights

KUALA LUMPUR: When Hong Kong-based property tycoon Tan Sri David Chiu emerged as a substantial shareholder in Land & General Bhd (L&G) in August 2007, there was speculation of a possible asset injection or takeover exercise. It pushed the stock from 20 sen to over 80 sen in six months, but there was no asset injection.

BEIJING: New home prices in Beijing rose 4.9% in March from a year earlier, slowing from an annual increase of 6.8% in February, the National Bureau of Statistics said on Monday, Apr 18.

In Shanghai, the prices were up 1.7% in March, compared with a rise of 2.3% in February.