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Gamuda buys land for RM620m

KUALA LUMPUR: Gamuda Bhd is acquiring 14 parcels of land via open tender from TPPT Sdn Bhd for RM620 million. TPPT is a property developer established by Bank Negara Malaysia in 1990 to manage a special fund with the objective of providing affordable housing.

Symphony Life continues its evolution

THE vibe at developer Symphony Life's headquarters housed in the Symphony House building, off the old Subang Airport road, is one of new enthusiasm and optimism.

Property tax in Johor will not affect UEM Land

KUALA LUMPUR: UEM Land Holdings Bhd does not expect the proposed property tax hike in Johor to affect foreign appetite for its projects in Iskandar Malaysia, said CEO Datuk Wan Abdullah Wan Ibrahim.

UEM Land is seen as a proxy developer to Iskandar Malaysia, which has seen a flurry of new projects initiated since last year involving both local and foreign companies.

Hartalega to build RM1.9b factory

KUALA LUMPUR: Hartalega Holdings Bhd is spending RM1.9 billion to set up a new factory that will quadruple its annual capacity to 38.2 billion rubber gloves over the next eight years from 9.7 billion currently.

Ideal Property positive about southwest Penang

DATUK Alex Ooi, chairman of Penang-based developer Ideal Property Group, comes from a family of developers. In fact, he is the third generation of developers in his family — his grandfather started developing properties in 1968 and his projects include Taman Guan Joo Seng in Green Lane, Minden Heights, Reservoir Garden and Western Garden in Penang.