PRICES in Penang’s residential market continue to rise, although the overall volume of transactions has fallen, says Raine & Horne International Zaki + Partners director Michael Geh when presenting the Penang Housing Property Monitor for 4Q2013. This was gleaned from the National Property Information Centre’s data for Penang from 1H2010 to 1H2013, he adds.

Malaysian Resources Corp Bhd
(March 6, RM1.56)
Maintain buy and target price of RM1.88: MRCB announced that its solicitors have been served with a copy of the Notice of Application for an Injunction dated March 3, 2014 by the solicitors of PKNS Holdings Sdn Bhd.

Tambun Indah Land Bhd
(March 6, RM1.81)
Maintain buy with target price of RM2.20: On the back of RM600 million in new projects to be launched this year, Tambun Indah management’s RM500 million sales target can be easily achieved given year-to-date (YTD) bookings of RM140 million.

KUALA LUMPUR: klia2 in Sepang, which is still targeting a May 2 opening, may once again miss the deadline as its major tenant, AirAsia Bhd, is unlikely to be able to complete renovation works at the main terminal building with less than two months to go.

KUALA LUMPUR: Property developer LBS Bina Group Bhd will continue to focus on the affordable and middle-range residential market this year and in 2015, said managing director Datuk Seri Lim Hock San.

JOHOR BARU: Fresh from acquiring 51% of Damansara Realty Bhd, Johor-based Seaview Holdings Sdn Bhd has set its sights on the opportunities present in Iskandar Malaysia and Pengerang.

KUALA LUMPUR: Malaysia will be making its third appearance in the 14th International Architecture Exhibition at the Venice Biennale 2014 (VB 2014) in Italy.The Malaysian Institute of Architects (PAM) has teamed up with the Malaysia External Trade Development Corp to showcase Malaysian architectural designs and ideas at the invitation-only event.VB 2014’s theme is “Fundamentals”, and the theme f

PETALING JAYA: GuocoLand (Malaysia) Bhd’s DC Residency in its integrated Damansara City development in Damansara Heights achieved 30% take-up since its private preview in the middle of last year.“The pre-launch response for DC Residency has been very encouraging, especially from the  [local] upper class and affluent expatriates,” GuocoLand managing director Tan Lee Koon told a media preview las

KUALA LUMPUR: UK developer English Rose Estate Ltd will be selling its latest premium residential product called Rupert Street to the Malaysian market over this weekend in Kuala Lumpur.“Rupert Street will appeal to [Malaysian] investors looking for prime, central London Zone 1 locations with the highest specifications and designs,” said Ockert Van Den Berg, the chief executive officer of Englis

KUALA LUMPUR: Malaysia’s Mass Rapid Transit (MRT) project looks to generate a gross national income (GNI) of between RM3 billion and RM4 billion per year, said Datuk Sri Sufri Mohd Zin in his speech at the 41st Master Builders Association Malaysia (MBAM) and International Federation of Asian & Western Pacific Contractors’ Association (IFAWPCA) convention from March 2 to 5 in Jakarta, Indone