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Offshore: More investment deals ahead

Alastair Hughes, Jones Lang LaSalle’s CEO for Asia-Pacific, describes his first year in Singapore as “a bit of a baptism of fire”. He relocated from London, where he was  JLL’s CEO for Europe, Middle East and Africa for five years, and prior to that, managing director for JLL in UK.

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Jetson Construction and CSCHK in MOU for Platinum Park tender

PETALING JAYA: Jetson Construction Sdn Bhd, a wholly-owned subsidiary of Kumpulan Jetson Bhd has signed a memorandum of understanding with China State Construction Engineering (Hong Kong) Ltd (CSCHK) to jointly submit a tender for a project at Platinum Park on Jalan Stonor, Kuala Lumpur.

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MK Land posts lower net profit

PETALING JAYA: MK Land Holdings Bhd posted a lower net profit of RM 3.839 million in its second quarter ended Dec 31, 2009, down 26.22 % against RM 5.203 million recorded in the corresponding quarter last year. Revenue however increased by 1.42% to RM 48.448 million from RM47.770 million.

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Rates need to normalise: Zeti

KUALA LUMPUR: Some “normalisation” of the interest rates are now in order after they were reduced to “unprecedented” levels following the global financial crisis, said Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz.

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Shanghai to increase the supply of budget homes by year-end

KUALA LUMPUR: More affordable homes are to be built in Shanghai, adding about 4 million sq m by the end of this year.

The city will soon start constructing 12 million sq m of affordable homes, or 60 percent of the city’s year target for new housing, a report by Shanghai Daily said on Friday Jan 29.

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Non-bumi units for first phase of Sierra 8 snapped up

PUCHONG: All non-Bumiputra lots (about 50%) for the first phase of Sierra 8, a project in the 16 Sierra residential development in Puchong, Selangor by IOI Properties has been booked in its soft launch on Friday Jan 29.

The first phase consists of 147 units of 2-storey terraced houses priced at RM448,900 each with a lot size of 22’ x 75’ and a gross built-up area of 2,257 sq ft.

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