Developers still getting good sales from new projects
By THE STAR In every storm, there is a silver lining. Despite the current tough economic conditions, property developers are still able to launch new projects and fetch encouraging sales from ongoing projects, thanks to the low interest rates and attractive financing packages offered by property developers. Based on banking data released in early May, [...]
Building higher values
By THE STARTHE economy’s weaker-than-expected performance in the first quarter of this year at -6.2% and further contractions expected in the second and third quarters, albeit at smaller percentages, is a big wake up call for the government and the people to put in greater efforts to rein in the declines. The poor performance points [...]
HSL gets RM126mil housing project
By THE STARKUALA LUMPUR: Hock Seng Lee Bhd (HSL) has received a RM125.7mil subcontract from Pembinaan Nomisual Sdn Bhd for the construction and completion of 1,000 houses in Bintulu, Sarawak. In a filing with Bursa Malaysia yesterday, HSL said the scope of works included the construction of the affordable houses, related external works as well [...]
MRCB, Gapurna team up
By BUSINESS TIMESMalaysian Resources Corp Bhd and Gapurna are expected to finish developing the RM1 billion ’348 Sentral’ project by the third quarter of 2012Malaysian Resources Corp Bhd (MRCB) (1651) is developing a RM1 billion office and residential project at Kuala Lumpur Sentral, the city’s largest transportation hub.The project will be undertaken on a joint-venture [...]
Raffles Hotels aims to be KL rate leader
By BUSINESS TIMESTHE prestigious Raffles Hotels & Resorts expects to be the most expensive hotel in Kuala Lumpur when it opens at Pavilion Kuala Lumpur in 2011.Raffles is now the rate leader in seven out of the eight markets it is in. In Dubai, the rate leader is the Burj Al Arab in Dubai. In [...]
MK Land back in the black
By BUSINESS TIMESSales for the nine months to March 2009 jumped 180 per cent to RM185 million, despite the weaker property and economic market conditionPROPERTY developer MK Land Holdings Bhd (8893) has posted a net profit of RM13.2 million for the nine months to March 2009, against a loss of RM18 million in the same [...]
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