Axis REIT plans to buy seven warehouses for RM96mil cash Nov 20, 2009
ARMB said in a statement the sale and leaseback deal comprised five warehouse buildings located in Bukit Raja, Klang, on two pieces of freehold land, while two more were in Seberang Prai, Penang, on separate pieces of leasehold land. The acquisition was for a total cash consideration of RM71. (The Star Online, Malaysia -- Business)
Birlas to foray into hotel industry Nov 7, 2009
"All the mills in the area are closed for environmental or other reasons . The mill occupies 40 acres, of which we own 30 acres. The balance is leasehold land for which the group has an existing 999-year lease with the Wadia Group," he said, adding that a Singaporebased architectural firm has been appointed as adviser for the hotel project. Century Textiles has already set up an advanced greenfield textile mill with an investment of Rs 850 crore at Bharuch in Gujarat. (India Times)
Unity House gets court OK to buy Lotus hotel for $8.5 million Sep 22, 2009
Anderson bought the hotel on a mix of fee-simple and leasehold land for $8 million five years ago. HonoluluAdvertiser. (Honolulu Advertiser)
Lotus hotel sold for $8.5M Aug 20, 2009
Anderson, who bought the hotel on a mix of fee-simple and leasehold land for $8 million five years ago, had tried to save the Lotus from auction by filing for bankruptcy in May with the intention to hire a broker aiming to sell the property for $14 million. "We sought protection under Chapter 11 to give us time to properly market the hotel and thereby protect our equity," he said in a May interview. (Honolulu Advertiser)
Equine plans high-end project Aug 20, 2009
88-acre piece of leasehold land in the district of Petaling from Jelang Puncak Sdn Bhd for RM47. 4mil. (The Star Online, Malaysia)
Lotus at Diamond Head sold at auction for $8.5 million Aug 19, 2009
Anderson, who bought the hotel on a mix of fee-simple and leasehold land for $8 million five years ago, had tried to save the Lotus from auction by filing for bankruptcy in May with the intention to hire a broker aiming to sell the property for $14 million. Reach Andrew Gomes at. (Honolulu Advertiser)
Magna Prima unit to buy land Jul 16, 2009
56ha of freehold land and parcels of leasehold land totalling 6. 79ha in Gombak, Selangor, for RM40. (The Star Online, Malaysia)
Firm to buy land in Sabah for RM240m Jul 15, 2009
PETALING JAYA: United Malacca Bhd has proposed to acquire two parcels of leasehold land in Kinabatangan, Sabah from Borneo Glow Sdn Bhd for RM240mil cash. In a filing with Bursa Malaysia yesterday, it said the proposed acquisition would increase its total plantation land from 14,008ha to 24,110ha, of which about 7,590ha were under five years of age. (The Star Online, Malaysia -- Business)
Big Island housing project put on hold Jul 8, 2009
Residences, including single-family homes and townhomes for sale and rent on leasehold land, were to be affordable to residents earning 50 percent to 140 percent of the county's median income. The county in September 2004 issued a request for proposals to develop 268 acres of county land adjacent to Waikoloa Village, and UniDev was selected in 2005. (Honolulu Advertiser)
Further easing on property buying by foreigners expected Jun 30, 2009
Malaysian property is attractive as foreigners are allowed to own freehold landed properties, compared with regional markets which only permit foreigners to own leasehold land of short tenures, said Yee. Owing to the warm response to recent launches, Yee understands that more developers are planning to launch high-end properties in Kuala Lumpur and Penang in the second half of 2009. (The Star Online, Malaysia)
Parent firm gives IOI Properties the edge Jun 22, 2009
The 99-year leasehold land is the final piece of condominium land to be launched by Sentosa Cove and has a maximum permissible gross plot ratio of 2. 6. (The Star Online, Malaysia)
Plenitude to buy Intisari for RM25m Jun 6, 2009
Intisari is the registered proprietor and beneficial owner of 327 separate parcels of leasehold land in Dengkil, Selangor, Plenitude said in a statement. The land, Intisaris core asset, was next to PPSBs existing ongoing mix development project at Taman Putra Prima, it said. (The Star Online, Malaysia -- Business)
Boutique hotel in Ch. 11 bankruptcy May 30, 2009
Anderson bought the hotel, which is on a mix of fee-simple and leasehold land, for $8 million in August 2004. The Lotus is one of several properties acquired in recent years by Anderson that have faced foreclosure as the real estate and tourism market turned. (Honolulu Advertiser)
Developer battling to keep high-rise May 27, 2009
Stark, who achieved prominence in Hawai'i by developing luxury condo towers, often on leasehold land, built Canterbury with Pulley in 1977. The building was one of Stark's early projects. (Honolulu Advertiser)
DAP to defy, BN to obey police campaign rules Apr 1, 2009
Many from new and planned villages had even paid up the premium to convert their leasehold land to freehold but there had been no news since Barisan took over government on Feb 6, he said. He also questioned Barisans stand on the status of the nine independent schools that the previous Pakatan government had promised them. (The Star Online, Malaysia)
NikeTown to close at end of May Mar 26, 2009
Recently, commercial real estate brokerage firm CB Richard Ellis listed the building on leasehold land for sale at $7 million. CBRE is marketing the property, which has 200-plus stalls of underground parking, as a "trophy retail" redevelopment opportunity. (Honolulu Advertiser)
Battle for the long paddock Feb 15, 2009
The department recorded a $23 million deficit last financial year and it was revealed in the state mini-budget that it would accelerate the sell-off of $36 million of leasehold land and "paper roads" under its control. An independent consultant last year found the statewide stock route loss is $3 million. (Sydney Morning Herald -- Australia)
