KUALA LUMPUR: Malaysian developers keen on expanding into the real estate industry in China should team up with local companies or get into areas that have not been fully developed, advised China's chief representative of the Economist Group Steven Xu Sitao.
IPOH: Demolition works on an old 2-storey building has been stopped following the collapse of the building on a passing car, killing two passengers.
Housing and Local Government Minister Datuk Kong Cho Ha said the developer involved has been directed to stop work to enable the Ipoh City Council (MBI), the police and the relevant agencies to investigate the incident.
KUALA LUMPUR: Bursa Malaysia Securities Bhd has reprimanded Golden Plus Bhd Holdings Bhd and also fined its six directors a total of RM120,400 for the dealy in submitting the company's financial results.The regulator said on Oct 2 the directors were responsible for the delay in sbumitting the annual audited accounts and annual report for FY ended Dec 31, 2007 and quarterly report for the financ
KUALA LUMPUR: Gadang Holdings Bhd through its wholly owned subsidiary Gadang Engineering (M) Sdn Bhd has entered into sale and purchase agreements with Bee Garden Holdings Sdn Bhd and Primeclass Development Sdn Bhd to acquire seven plots of leasehold vacant bungalow land in Pekan Baru Sungai Besi in Selangor for RM11.22 million.
PETALING JAYA: A former abandoned project which has been sticking out like a sore thumb in the popular middle and upper-class residential enclave of Kuala Lumpur’s Taman Tun Dr Ismail looks set to be completed soon.
Sources say it is possible for the project, known as Mas Kiara Residences, to be ready by the end of the year or early next year.
KOTA KINABALU: Malaysia will look into strengthening the safety measures for buildings and infrastructure to ensure they are able to withstand major phenomena such as earthquake, Science, Technology and Innovation Minister Datuk Dr Maximus Ongkili said.
Although Malaysia was spared from major calamities, he said, it was necessary to prepare for any eventuality.
EDINBURGH: The UK’s curb on banking bonuses may stunt the recovery in London’s luxury housing market by wiping out the windfalls that let buyers afford big mortgages, according to property brokers Knight Frank LLP and Savills plc.