KUALA LUMPUR (Feb 11): Knusford Bhd has entered into a joint-venture agreement with Shanghai Greenland Construction Co Ltd to bid for major building jobs and infrastructure projects in Malaysia and the region.
 

KUALA LUMPUR: BBCC Development Sdn Bhd, developer of the RM8 billion Bukit Bintang City Centre (BBCC), has inked a memorandum of understanding (MoU) with Zepp Hall Network Inc to develop a live event hall in the first phase of the project.

PUTRAJAYA (Feb 10): The government is mulling the implementation of a Housing Guarantee Scheme to safeguard the interest of homebuyers and developers.

Wellfare, Urban Wellbeing and Local Government Minister Datuk Abdul Rahman Dahlan said that a corporation would be set up under the proposed scheme, in which the government would take up a 70% stake.

KUALA LUMPUR (Feb 9): Farlim Group (M) Bhd said it is not involved in the Asean International Eco-City project in Shandong Province, China, as reported by a local daily on Feb 7, 2015.

In an announcement today, Farlim (fundamental: 1.95; valuation: 0.9) clarified that the RM53.4 billion (US$15 billion) project is undertaken by its parent company, Farlim Holding Sdn Bhd.

Petaling Jaya (Feb 7): With the intention of monetising its land asset, Selangor’s Pakatan Rakyat-led government is targetting to develop some 5,000 acres within the next three to five years, when it hopes to make property development the main contributor to state revenue.

KUALA LUMPUR (Feb 6): Singapore billionaire Peter Lim and Johor crown prince Tunku Ismail Idris ibni Sultan Ibrahim are injecting their 70:30 interests in the Thomson Medical Hub project in Iskandar (Thomson Iskandar), Johor Bahru, into TMC Life Sciences Bhd for RM400 million.

PENANG: Eastern & Oriental Bhd (E&O) launched the final tower of its 18 East at Andaman project on Jan 31.

The tower is part of E&O’s Seri Tanjung Pinang master plan development in Penang that was launched in 2005.

BANGKOK: The Bangkok condominium market has seen a rush in new condo projects launch, especially in the midtown and suburban market since the third quarter of 2014 (3Q14) following the coup in May last year, said CB Richard Ellis (CBRE) executive director James Pitchon.

PUNE: Foreign investment funds are avoiding the Indian real estate market due to lack of regulation and political stability.

KUALA LUMPUR: Hua Yang Bhd has acquired 8.09 acres (3.27ha) of leasehold land along the Middle Ring Road 2 (MRR2) in Selayang, Selangor.