KUALA LUMPUR: The early casino licence approval for Resorts World at Sentosa (RWS), is a positive development for the company.

The market only expected the Singapore casino to open by March 2010 due to potential delays.

BEIJING: Industrial and Commercial Bank of China (ICBC) said it will halt lending to property developers that are hoarding land and may even call back some loans, in a bid to guard against credit risks.

Feb 1 to 7: Lower on market correction

• Mixed week amid continued global equities correction

KUALA LUMPUR: Mah Sing Group Bhd is acquiring 19 acres of land in the Hicom industrial estate in Shah Alam for RM45.5 million and to be developed into an industrial park with a potential gross development value of RM143 million.It had on Monday, Feb 8 entered into a sale and purchase agreement with Quill Industrial Properties Sdn Bhd to acquire about 19.18 acres of prime freehold industrial lan

KUALA LUMPUR: Diversified plastic and property corporation Mah Sing Group Bhd has embarked on a land acquisition trail in early 2010, beginning with 19.18 acres of prime freehold industrial land in Shah Alam, Selangor.

KUALA LUMPUR: Land owners in Kampung Baru can become millionaires as they stand to receive up to RM4 million each upon accepting the redevelopment concept plan proposed by the government.

Sunrise Bhd, which surprised the market with its partnership with Sime Darby Property to develop a prime commercial project in Shah Alam’s Bukit Jelutong, looks set to pull off another winner.The developer plans to make its debut in the Kuala Lumpur city centre by the next quarter with the launch of Solaris Towers.

The local property mortgage market broke into a fierce price war last year as banks tried to outdo each other, wooing customers with innovative, flexible and competitively priced loan packages.

The Manhattan Loft Corp (MLC) CEO Harry Handelsman is a driven man, and he loves his work in property development. “There is an opportunity to make a difference.

A poll by KGV Lambert Smith Hampton on selected developers in Johor shows that most believe the Johor housing market will be positive in 2010. They cited two main reasons — the spill over effect of Singapore’s Integrated Resort (IR) developments, and growing confidence in the market among investors and buyers.