The Johor Baru property market is hotting up. Public confidence is increasing in tandem with the improving economy in general, which in turn has positively affected the residential market there. Greater economic activity driven by Iskandar Malaysia may also have contributed to the more vibrant property market.

WCT and GCD to build RM688 mil project in Medini Global Capital & Development Sdn Bhd (GCD) has signed an agreement with Platinum Meadow Sdn Bhd, a wholly-owned unit of WCT Bhd, to develop a RM688 million commercial development in the Medini Business District in Iskandar Malaysia, Johor.

HO CHI MINH City: Malaysia's property developer Gamuda Land and local firm Sacomreal announced on Monday that they would jointly develop the US$215 million Celadon City complex in HCM City's Tan Phu district, Vietnam News Agency (VNA) reported.

The 82ha Celadon City will be located about 3km from the Tan Son Nhat International Airport.

Cities only grow or die, they don’t stand still,” said New South Wales premier Kristina Keneally at the recent Forbes Global CEO Conference 2010 in Sydney.
These words continue to resonate with Bukit Kiara Properties Sdn Bhd’s managing director N K Tong, who was at the conference.

Investment Highlights

• We are re-initiating coverage on Malaysian Resources Corp Bhd (MRCB) with a HOLD rating and fair value of RM2.13/share based on 15% discount to our sum-of-parts valuation (SOP) of RM2.50/share.

KUALA LUMPUR: Construction outfit WCT Bhd is eyeing water concessions, and looking to expand its existing retail and hotel portfolio, to grow its recurring income asset base, over the next five years.

KUALA LUMPUR: Gamuda Bhd has proposed a total of RM900 million in Islamic debt notes, available in two programmes.

The programmes are a RM800 million Islamic Medium-Term Notes (MTN) Programme (2010/2035) and RM100 million Islamic Commercial Papers (CP) Programme (2010/2017), for which RAM Ratings has assigned preliminary ratings of AA3 and P1 respectively, with a stable outlook.

Gamuda

Key MRT Play

KUALA LUMPUR: Gamuda Bhd posted revenue and net profit of RM2.455 billion and RM289.49 million respectively for its 2010 financial year (FY2010) ended July 31, 2010.

Comparatively, the company posted revenue and net profit of RM2.727 billion and RM193.69 million respectively a year ago.

Full House on Open Day