75% take-up for Damansara Idaman phase 3

By THE STAR PETALING JAYA: TA Enterprise Bhd has secured a 75% take-up rate for phase 3 of its Damansara Idaman residential project, said managing director and chief executive officer Datin Alicia Tiah. “The houses are not cheap. With a starting price of RM3.2mil, the take-up has been good,” she said at a private …


Gamuda starts work on RM8b Hanoi project

By BUSINESS TIMESBUILDER Gamuda Bhd has started construction work on the RM8 billion Yenso Park project in Hanoi, Vietnam, with completion slated for 2010.A ground-breaking ceremony was held at the site on Tuesday attended by Vietnam’s Deputy Minister of Construction Cao Lai Quang, Hanoi People’s Committee vice-chairman Nguyen Van Khoi, Malaysian Ambassador to Vietnam Lim [...]


Suncity values planned property trust at RM4b

By BUSINESS TIMESSUNWAY City (SunCity) Bhd, the property arm of Sunway Group, said it now values its planned real estate investment trust (REIT) at RM4 billion, up 33.33 per cent over previous estimates, as it plans to inject up to 10 properties in the fund.Managing director of property investment Ngeow Voon Yean said SunCity is [...]


SP Setia net profit up 9.2% to RM260m

By THE EDGEKUALA LUMPUR: SP Setia, which posted a net profit of RM260 million for the financial year ended Oct 31, 2007, on the back of RM1.15 billion in revenue, targets group sales to hit RM1.8 billion in FY08.Net profit rose 9.16% from RM238.2 million a year ago. Earnings per share was 38.72 sen. It [...]


Sandakan’s RM40m boutique hotel to open on Dec 23

By THE EDGEKUALA LUMPUR: Sandakan’s first boutique hotel, the RM40-million @ease waterfront hotel — located within the RM450 million Sandakan Harbour Square — will be opened on Dec 23.The hotel, which overlooks the Sandakan Harbour, has 138 deluxe rooms and suites, business centre and banquet facilities and it is targeting corporate clients, businessmen and tourists.It [...]


Sime Darby targets RM1b GDV worth of projects

By THE EDGESUBANG JAYA: Sime Darby Property, the property unit of re-listed Sime Darby Bhd, targets RM1 billion in gross development value annually and plans to develop 3,642 hectares or some 25% of its 14,973ha landbank over the immediate to medium-term, a senior executive said.The division’s executive vice president of property development and strategic investments [...]