Putrajaya Perdana gets RM279m job from Bandar Raya Developments

By THE STARKUALA LUMPUR: Putra Perdana Construction Sdn Bhd has accepted a letter of award from Bandar Raya Developments Bhd to develop a luxury condominium in Taman Bukit Bandaraya, Kuala Lumpur, for RM279 million.In a statement yesterday, Putra Perdana Construction’s parent Putrajaya Perdana Bhd said the project was to be completed on July 3, 2009, [...]


More goodies to boost property

By THE STARPETALING JAYA: The Asian property industry, which has been somewhat sheltered from the effects of the US subprime debacle, has great potential to catch up with its global peers.Analysts said investments in Asia’s property market grew a healthy 40% in the three years up to 2006.They said although the performance of the Asia-Pacific [...]


Property stocks doing well

By THE STARPETALING JAYA: Property developers reported healthy growth for the period ended June 30, thanks to higher demand for assets in choice locations after the Government waived real property gains tax effective April 1 and launched an ambitious multi-billion ringgit redevelopment project in Johor. Mah Sing Group Bhd and YNH Property Bhd …


Lower sales cost boon to Mah Sing

By BUSINESS TIMESPROPERTY developer Mah Sing Group Bhd’s second-quarter net profit rose by almost a quarter, helped by a lower cost of sales.It expects business to remain good in the medium- to high-end residential market as well as the commercial market.Mah Sing also plans to sell more of its commercial buildings to institutional investors.”Having sold [...]


SP Setia closer to securing prime land

AFTER almost seven years, SP Setia Bhd, Malaysia’s most valuable developer, has reinforced its determination to secure more prime land in Kuala Lumpur. It has agreed on a preliminary pact with Dewan Bandaraya Kuala Lumpur (DBKL) to help it deal with squatters on the land located within the Kampung Haji Abdullah Hukum area …


ADIA to ink RM4b land deal in IDR

By THE EDGEKUALA LUMPUR: The Abu Dhabi Investment Authority (ADIA) is expected to sign a RM4 billion agreement to acquire a huge tract of land in the Iskandar Development Region (IDR), making the Middle East group the biggest investor in the region.It is learnt that the project’s gross development value on the parcel of land [...]