Construction sector

BANGKOK/KUALA LUMPUR: Workers pouring cement into blocks in searing heat to build a new rail line northwest of Bangkok illustrate what many see as the early stages of a long-delayed Southeast Asian infrastructure resurgence.

KUALA LUMPUR: Australian property developer Asset1 Pty Ltd aims to spread its wings to Vietnam by 2013 in its efforts to widen its regional presence, said managing director Luke Adams.

The property developer plans to make its debut in Vietnam's premium property market, targeting the republic's expatriate community, he told reporters on Monday, June 27.

The 15-minute drive from the airport in Bayan Lepas to Weld Quay in the heart of George Town, Penang, transports us into a world of colonial buildings and pre-war shophouses.

Construction sector

KLANG: WCT Bhd is targeting RM300 million in property sales this year versus RM220 million in FY10 ended Dec 31, banking on its real estate investments in retail and hospitality assets to spur the company's earnings.

Meanwhile, the construction outfit had tendered for about RM10 billion worth of jobs, said its chairman Datuk Capt A Suffian.

Property sector
Maintain overweight: Desa Park City's latest offering — The Mansions, comprising 127 units of terrace houses — was launched over the weekend with about 85% of the units sold at average pricing of RM620psf to RM650psf. The Mansions came in three variants — 2½-storey, 3-storey and 3½-storey units.

The Bukit Bintang area in Kuala Lumpur will be the next hot spot with several factors working in its favour, says cartographer Ho Chin Soon at The Edge Investment Forum on Real Estate 2011.

Gamuda Bhd (Apr 27, RM3.78)

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