KUALA TERENGGANU: The Kuala Terengganu City Council Cooperative (Kosmat) is investing RM12 million in real estate in the state.

Mayor Datuk Adzlan Mohd Dagang said the move was to expand cooperative's economic activities.

Its first project was the development of 73 residential units on a 3.4-hectare site in Kampung Banggul Mempelam, Mukim Serada, near here, he told Bernama.

HONG KONG: A substantial rise in new housing supply in the first half of this year will do nothing to cool the red-hot property market, analysts say.

Transport and Housing Bureau statistics show that about 7,000 flats were completed in the first six months of the year, equivalent to 97% of the flats completed for the whole of 2009.

HONG KONG: A luxury residential site in Kowloon Tong and a commercial plot in Sha Tin worth a combined HK$2.2 billion (RM904.64 million) were triggered for sale last Friday, July 23.

The Lands Department announced it had accepted a developer's minimum guaranteed bid of HK$659 million for the site at 1 Ede Road in Kowloon Tong.

The site will be offered for sale on Aug 31.

BEIJING: SouFun, China's leading real estate website, may be preparing for a US initial public offering (IPO) worth up to US$300 million (RM957 million) in what could be the largest such listing by a China Web company this year.

First 6@ Damansara started out as an attempt by a group of friends at communal living. But now, the six homes in a walled compound in Damansara Heights may signal an entirely new direction for Datuk Ling Keak Ming.Datuk Ling Keak Ming enthusiastically describes one of his more astute investments — a Siberian Husky. “My son moved out after he got married.

The Innoverse Group is brimming with confidence and all geared up to take on ventures which others may find too challenging after its success in developing Ehsan Industrial Park in Kepong, Kuala Lumpur, in 2008.The leasehold site on which the industrial park is located had been up for sale for some time because it was located near a cemetery and was deemed unsuitable in terms of geomancy.The de

The first half of the year closed on a positive note for Hong Kong property and signs are that the rebound in buying sentiment is set to continue for the rest of the year, agents say.Examples they cite include:•   The sale of 94 units in the luxury residential project Larvotto, each worth more than HK$30 million (RM12 million), in just two days since its launch on July 17.•  The sale of more th

The Golden Triangle area in Kuala Lumpur has been so named because it is the city’s most vibrant commercial, retail and entertainment hub. And it is this vibrancy that G.I.M. Group of Companies wants to replicate up north in Penang.

In 1H2010, 10 collective-sale sites were sold, with the amount totalling close to S$500 million, according to Credo Real Estate.