KUALA LUMPUR: Mahajaya Bhd is calling for an extraordinary general meeting (EGM) to discuss a proposed disposal of approximately 51.38 acres of leasehold land in Kinrara Puchong for a sum of RM178 million.

KUALA LUMPUR: Fountain View Development Bhd (FVDB) will not appeal against the decision by Bursa Malaysia Securities Bhd to de-list the company from the main board, and would be remove from Bursa's official list on September 22, 2010.

KUALA LUMPUR: NCSB Engineering Sdn Bhd, a wholly owned subsidiary of Naim Holdings Bhd, has terminated its memorandum of understanding (MoU) with Al-Waatasemu Charity Foundation (WCF) of Libya to develop a proposed 50-storey tower in Libya.

KUALA LUMPUR: Property developer AMDB Bhd will change its corporate name to AMCORP Properties Bhd effective September 21, 2010, with its stock short name changed to AMPROP from AMDB previously.

KUALA LUMPUR: TA Global Bhd is looking to launch the first residential phase of its RM3.8 billion Damansara Avenue in Bandar Sri Damansara in early November, following the overwhelming response received last month for its maiden commercial precinct Ativo Plaza.

HONG KONG: China-based buyers have become a new source of hope for Japan's weak property market.

"We are finding that more mainlanders are coming to Japan to buy residential property than there were last year," said Shirley Yan, Chinese market manager at Tokyo-based Housing Japan, a property agency targeting overseas buyers.

BEIJING: Property accounts for 73.4% of the assets held by urban Chinese, according to a survey released on Friday, Sept 17.

Beijing'a Tsinghua University questioned 5,200 households in 24 major Chinese cities.

They had average assets at the end of 2009 of 406,536 yuan ($188,000) and average income last year of 50,997 yuan.

KUALA LUMPUR: Three structural catalysts has been identified by a research firm in United Kingdom that could reshape both the residential development and investment markets over the longer term in the country’s real estate sector said Savills Research director Yolande Barnes.

KUALA LUMPUR: Strong gains in the prices of selective residential properties are starting to raise fears of a bubble hence while a lowerl loan-to-value ratio (LVR) rate for banks would be negative for the property sector, CIMB Research viewed it as a “necessary evil”.

KUALA LUMPUR: Ivory Properties Group Bhd plans to build residential condominiums and commercial complex with a with an estimated gross development value (GDV) of RM368 million on a proposed site in Tanjong Tokong, Penang island