Axis Real Estate Investment Trust (AXRB, Jan 3, RM2.37)

KUALA LUMPUR: Hua Yang Bhd has sold enbloc 73 retail units in its One South mixed-development in Sungai Besi to South Crest Synergy Sdn Bhd for RM105 million. The retail units' gross development value (GDV) is RM105 million.

KUALA LUMPUR: MK Land Holdings Bhd is selling two plots of leasehold land in Sungei Buloh to Foster Estate Sdn Bhd for RM130 million cash.

The company said on Monday, Jan 3 that it had entered into sale and purchase agreements with Foster Estate on Dec 30 to dispose of 18.54 acres for RM100.78 million and 8.32 acres of land for RM29.21 million.

BEIJING: The Ministry of Land and Resources will block some companies from buying more land in coming auctions after a number of their sites went undeveloped, in some cases for up to eight years.

In a list on the ministry's website, 26 undeveloped sites on the mainland were named along with the firms and parent companies that own them.

HONG KONG: By taking advantage of the same green policy that leaves most flat buyers with small apartments, the very rich can vastly increase the size of their homes.

In the most recent instance, the city's wealthiest tycoon, Li Ka-shing, recently had an estate enlarged by more than 9,100 square feet.

Following the recent success of its fast-selling mixed development C180 in Cheras, Kuala Lumpur, Mitraland Group is now focusing on another mixed development ­— The Cascades in Kota Damansara, Petaling Jaya.

Property developers in the country are predicting that the housing sector will continue to see strong demand,  barring any bad news on the global economic front.

Activity in downtown Sing­apore is certainly picking up, and the busiest street appears to be Robinson Road. A sale by expression of interest for 108 Robinson Road (formerly GMG Building) closed on Dec 16. Refurbished two years ago, the 12-storey office building is said to have a price tag of S$110 million, or S$2,000 to S$2,100 psf, based on the strata floor area.

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) has proposed to acquire an 18% stake in Cosy Bonanza Sdn Bhd (CBSB) and 2.48 million redeemable preference shares (RPS) as well as 3.77 million RPS-A in CBSB from Kuwait Finance House (Malaysia) Bhd (KFH) for RM7.77 million.

KUALA LUMPUR: Talam Corporation Bhd has posted a net loss of RM83.29 million for the third quarter ended Oct 31, 2010, from a net profit of RM1.49 million a year ago mainly on losses on disposal of two parcels of development properties.