2009 a year of reckoning for luxury condos: OSK
By BERNAMA THERE is recent evidence that higher-end landed properties in well-established locations could potentially outperform the overall property cycle in times of adversity, says OSK Research.”This ‘hedging’ opportunity, stems from the hypothesis that the fast-rising ‘baby boomers’ of the 50s, who tend to be more affluent but risk-averse, are likely to hedge their wealth [...]
HICOM Properties buying Benua Kurnia and Neraca Prisma for RM722mil
By BERNAMAKUALA LUMPUR: HICOM Properties Sdn Bhd will acquire the entire equity interest in both Benua Kurnia Sdn Bhd and Neraca Prisma Sdn Bhd for a total purchase consideration of RM722.463mil. In a filing to Bursa Malaysia, DRB-HICOM said its wholly-owned subsidiary signed an agreement with vendors Datuk Ahmad Abdullah and Mohd Nazree Abu Kassim [...]
KC eyes abandoned projects outside Sabah
By BERNAMALABUAN: KC Project Management Services Sdn Bhd that has been rehabilitating abandoned housing projects in Sabah wants to use its expertise to help resolve similar “problems” in other states. “It would be a pity if the experience and knowledge gained by KC is not fully made use of and extended to peninsular Malaysia and [...]
Housing market deemed resilient
By THE STARSP Setia Bhd group managing director and chief executive officer Tan Sri Liew Kee Sin says the company will focus next year on cash-generative and cash-accretive projects that will further strengthen its balance sheet. It plans to take advantage of opportunities which may arise during the current financial crisis. WHAT is your outlook [...]
Ekovest submits RM5bil in tender bids
By BERNAMAKUALA LUMPUR: Property developer Ekovest Bhd has submitted tenders for projects worth RM3bil to RM5bil in Malaysia, according to executive vice-chairman Datuk Lim Kang Hoo. “Most of the tenders are for government-related projects,” he told reporters after the company’s AGM yesterday. Ekovest has an order book worth RM600mil, including the new phase of Universiti [...]
Ekovest to thicken order book
By BUSINESS TIMESEkovest Bhd, (8877) a property and infrastructure developer, is bidding for seven to eight projects worth up to RM5 billion in total, as it hopes to pile up its order book for rainy days.”Most of the tenders are for government-related projects. They involve both buildings and infrastructure,” said executive vice-chairman Datuk Lim Kang [...]
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