Chief Minister Datuk Seri Musa Aman said in addition, another RM20 billion worth of investments are in the planning stage with some initiatives having been highlighted in the Budget 2010.
PHNOM PENH: Cambodia's parliament adopted a law on Monday (April 5) allowing foreigners to own property directly, one of the aims being to attract more investors to the Southeast Asian country.
KUCHING: Housing and Urban Development Ministry, in collaboration with Angkatan Zaman Mansang (Azam) Sarawak, will prepare a report for the State executive council on the new concept of longhouse development in Sarawak.
Asian real estate investment markets recovered strongly in 2H2009 after enduring a difficult start to the year. Investment turnover bottomed out in 1Q but improved thereafter as investor confidence returned, underpinned by low financing costs, the recapitalisation of private and public real estate funds/investors and the stabilisation of prices across key markets.
DUBAI: Dubai developer Emaar Properties will roll over 4.5 billion dirhams (US$1.23 billion or RM4 billion) debt maturing in 2010 into long-term project financing deals, a local daily said on Sunday, April 4 citing a company spokesperson.
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has the right resources to help the government and the Employees Provident Fund (EPF) in implementing the proposed development of 3,000 acres (1,214ha) of land in Sungai Buloh for a new hub in the Klang Valley, said MRCB CEO Mohamed Razeek Hussain.
PETALING JAYA: Plus Expressways Bhd (PLUS), the largest highway concessionaire in the country, will build three elevated interchanges at a cost of RM250 million in Sungai Buaya, Selangor; Alor Pongsu, Perak; and Bukit Gambir, Johor; for the convenience of users of the North-South Expressway.
KUALA TERENGGANU: The Terengganu government is to resolve problems associated with land applications immediately through the e-Mohon system installed at the Lands and Mines Office, Menteri Besar Datuk Ahmad Said said here.
He said e-Mohon was a computer process which expedited applications by way of democraticising land distribution to the landless.