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Developers must be more transparent with property buyers on maintenance fees

KUALA LUMPUR: Developers of stratified properties should be more transparent on the buildings' overall maintenance cost with the buyers of the properties.

Making this call, International Real Estate Federation (FIABCI) Malaysia president Yeow Thit Sang said there had been a lot of unresolved problems especially on the collection of maintenance fees.

Gamuda eyes RM5b property sales in next two years

SHAH ALAM: Gamuda Bhd is targeting RM5 billion in property sales over the next two years driven by two projects namely Gamuda City and Celadon City, both in Vietnam.

"We are expecting RM2 billion in sales from local projects and RM3 billion from the two projects in Vietnam.

Rehda: High cost of land reason for steep house prices in Penang

GEORGE TOWN: The Real Estate and Housing Developers' Association (Rehda) of Penang is claiming that the high cost of land is the main reason for houses being sold at high prices in the state.

Chairman Datuk Jerry Chan Fook Sing said the high cost of land was also the reason for developers' inclination towards building upmarket homes in the state.

Building projects worth US$428m identified in Laos, Cambodia

KUALA LUMPUR: A recent business delegation of local construction companies to Cambodia and Laos identified US$428 million (RM1.35 billion) of building and infrastructure projects in both the countries, a statement from Malaysia External Trade Development Corporation (Matrade) said on Thursday, Dec 9.

Private investors key to Ho Chi Minh City development

HO CHI MINH CITY: Private investment has been a key factor in Ho Chi Minh City's development in recent years, Vietnam News Agency (VNA) reported.

Vietnamese and international investors have made larger improvements in the city's transport infrastructure, housing, clean water supplies and waste management, according to experts and municipal departments.

Construction on world's 3rd tallest building starts in China

WUHAN: Construction on what will be the world's third tallest building started Wednesday, Dec 8 in central China's Wuhan City, capital of Hubei Province, a spokesman for the developer said Thursday.

The skyscraper will be 606 metres tall when construction finishes in five years.

#Update* S P Setia aiming for RM3b in sales for 2011

KUALA LUMPUR: S P Setia Bhd has set itself a RM3 billion sales target for 2011, president and CEO Tan Sri Liew Kee Sin said at a press conference on Thursday, Dec 9. The group achieved RM2.31 billion of sales in FY2010.

Paramount declares 40 sen special dividend

KUALA LUMPUR: Paramount Corp Bhd announced a windfall for its shareholders with the declaration of a special dividend of 40 sen per share.

The company said on Wednesday, Dec 8 the dividend would go ex on Dec 21 and the entitlement date would be Dec 23

Asia 3Q property transactions up 14% on quarter, says JLL

BEIJING: Direct commercial property transaction volume in Asia-Pacific reached US$18.2 billion (RM57.33 billion) in the third quarter, up 14 percent from three months earlier, led by Singapore, Australia and China, Jones Lang LaSalle (JLL) said on Wednesday, Dec 8.

China eyes mild property price fall in 2011

BEIJING: China's property prices will probably edge down in 2011 as authorities remain committed to squeezing speculators out of the market, mainly via monetary tightening steps, a top government think tank said on Wednesday, Dec 8.