Gamuda Land Vietnam will be rolling out more property launches in Gamuda City and Celadon City from this month.

Companies with operations in Qatar saw a decline in their stock prices, after six nations made a decision to sever diplomatic ties with the nation, accusing Qatar of providing support to Islamist militants.

SMD Development Sdn Bhd is planning property launches worth some RM880 million starting mid-2017 to 2019.

Gamuda Land’s 40th anniversary campaign recorded a total of 394 sales within the three-month campaign period.

“As the Vietnam government is unable to proceed with the resettlement of the current occupiers, the land will not be handed over to Gamuda Land Vietnam for development,” read the statement.

Gamuda Land’s Gamuda City township development in Hanoi, Vietnam is expected to contribute higher sales to group revenue this year and the year after.

Rehda Youth hopes to attract some 15,000 visitors to the 2017 Rehda Youth Malaysia Property Exhibition.

Gamuda Land is looking for land in the northern region of Ho Chi Minh City (HCMC) in Vietnam such as in Gò Vâp District and District 12, as well as District 9 in the southeast region, said Gamuda Land HCMC general director Wyeren Yap Vooi Soon.

Gamuda Land, the property arm of Gamuda Bhd is planning to launch the first block of apartments in the Emerald Precinct at its township development Celadon City in Ho Chi Minh City by mid-June.

Shares in Iskandar Waterfront City Bhd (IWCity) rose in active trade this morning after Minister in the Prime Minister's Department Datuk Seri Abdul Rahman Dahlan said IWH CREC Sdn Bhd is allowed to bid for the Bandar Malaysia real estate project again as long as the offer is right for the Malaysian government.