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Bina Puri awarded RM470.3m contract

KUALA LUMPUR: Bina Puri Holdings Bhd has been awarded a RM470.3 million contract by a unit of property developer Asian Pac Holdings Bhd for a proposed arcade, serviced apartments and elevated car park in Kota Kinabalu, Sabah, known as KK Times Square (Phase II).

With the award of this project, Bina Puri's current unbuilt order book swells to RM2.8 billion.

17 August, 2011
Dijaya rises on new property project plans

KUALA LUMPUR: Dijaya Corp Bhd shares rose on Tuesday, Aug 16 as investors were positive on its joint venture to undertake property projects near Johor Bahru with a gross development value (GDV) of RM2.8 billion.

At 9.30am, Dijaya was up four sen to RM1.56 with 135,200 shares traded.

16 August, 2011
Publika occupancy growing

KUALA LUMPUR: Sunrise Bhd's Publika shopping gallery has reached an occupancy rate of 70%, about half of which will be operational by end of September.

16 August, 2011
Asia Pacific commercial real estate transactions estimated at US$100b in 2011

KUALA LUMPUR: The Asia Pacific market for direct commercial investments in terms of transaction volume is estimated at US$100 billion (RM296 billion) this year as investors seek shelter from the global turbulence rocking stock markets worldwide, according to international real estate firm Jones Lang LaSalle (JLL).

16 August, 2011
Dijaya acquires 227 acres in Plentong

JOHOR BAHRU: Dijaya Corp Bhd is expanding its presence in Johor with the acquisition of 227 acres (90.8ha) of land in Plentong, Johor Bahru.

16 August, 2011
Ranhill terminates housing project in Libya

PETALING JAYA: Ranhill Bhd, through its subsidiary Amora Ranhill Consortium Sdn Bhd, has submitted a notice of termination to the Housing Infrastructure Board (HIB) of Libya on Sunday for the general works contract for the design, build and handover of 10,680 housing units in Tajura, Libya.

16 August, 2011
YTL reveals valuation of plot for MRT project

KUALA LUMPUR: YTL Corp Bhd has released the value of a plot of its land in Jalan Bukit Bintang, earmarked for acquisition for the construction of the Klang Valley Mass Rapid Transit (MRT) project.

16 August, 2011
Wing Tai's 4Q net profit surges

KUALA LUMPUR: Property and apparel outfit Wing Tai Malaysia Bhd posted a net profit of RM53.28 million on the back of RM99.10 million in revenue for 4QFY11 ended June.

During 4Q, Wing Tai's earnings per share was 17.03 sen. In contrast to a year ago, net profit surged by 185.53% while revenue gained marginally by 4.26%.

16 August, 2011