KUALA LUMPUR: Al-Aqar KPJ REIT plans to acquire Jeta Gardens Aged Care Facility and Jeta Gardens Retirement Village (“Properties”) from Jeta Gardens Waterford Trust for a total purchase price of Australian dollar equivalent to RM134.9 million. The REIT announced this in its filing on Wednesday, Sept 22.

KUALA LUMPUR: The second phase of Selayang Spring in Selayang, Selangor comprising apartments and a lifestyle mall will be launched mid-October. 

The development's marketing agent, REI Properties Sdn Bhd's CEO, Dr Daniele Gambero, said Phase 2, also known as 'Cedar' has a gross development value (GDV) of RM115 million.

KUALA LUMPUR: TA Global Bhd recorded a net profit of RM7.41 million compared with RM5.51 million a year ago for its 2Q financial results ended July 31, 2010.

The company announced to Bursa Malaysia on Wednesday, September 22 that revenue earned during the quarter was RM83.11 million compared with RM86.64 million a year ago.

KUALA LUMPUR: Mutiara Goodyear Development Bhd recorded a net loss of RM3.26 million for its first quarter (1Q) financial results ended July 31, 2010 compared with a net profit of RM1.42 million a year ago.

The Group, in its filing with Bursa Malaysia on Wednesday, Sept 22, attributed this to the adoption of IC Interpretation 15 of revenue recognition.

FRANKFURT: Tourism Malaysia, which is making a big push for its Malaysia My Second Home (MM2H) Programme to Europeans, made a strong pitch at a seminar in Frankfurt Monday night for the MM2H programme before a large German audience that included not only retired pensioners but also business entrepreneurs, government officials, professionals and others under 50, some of whom had come from as far

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Highlights:

Full House on Open Day

Property Sector

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LONDON: The number of homes changing hands in Britain slipped by 4,000 to 77,000 in August, according to seasonally-adjusted government data which show transactions so far this year running well below historical norms.

HONG KONG: Low-income families are being left behind in the battle to buy their own homes as soaring house prices push the cost of public and subsidised flats beyond their reach.

The story of Ann Kan, a young clerk who hoped to buy a flat with her fiance, is typical.