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MRCB: Rights issue a success

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has the right resources to help the government and the Employees Provident Fund (EPF) in implementing the proposed development of 3,000 acres (1,214ha) of land in Sungai Buloh for a new hub in the Klang Valley, said MRCB CEO Mohamed Razeek Hussain.

Three more interchanges on North-South Expressway

PETALING JAYA: Plus Expressways Bhd (PLUS), the largest highway concessionaire in the country, will build three elevated interchanges at a cost of RM250 million in Sungai Buaya, Selangor; Alor Pongsu, Perak; and Bukit Gambir, Johor; for the convenience of users of the North-South Expressway.

e-Mohon system expedites land application process in Terengganu

KUALA TERENGGANU: The Terengganu government is to resolve problems associated with land applications immediately through the e-Mohon system installed at the Lands and Mines Office, Menteri Besar Datuk Ahmad Said said here.

He said e-Mohon was a computer process which expedited applications by way of democraticising land distribution to the landless.

Evergrande plans 3 billion yuan tourism investment in Chongqing

CHONGQING: Evergrande Real Estate Group (SEHK: 3333), the mainland's third-largest developer, is to beef up its Chongqing presence with a three billion yuan (HK$3.41 billion) tourism investment.

Liao Jianing, a director at Evergrande Real Estate Chongqing, said the firm had acquired a development site in Huayan, Jiulongpo district, for 900 million yuan last month.

City & Country: On REITs and property stocks

Real estate investment trusts (REITs) and property stocks are alternatives to property investment. While both are listed on Bursa Malaysia, they offer different potential risks and rewards.Hall & Chadwick Asia Sdn Bhd chairman Kumar Tharmalingam says some Malaysian investors still believe REITs are no different from property stocks.

City & Country: New direction

The Maju Group is in for exciting times. Newly appointed CEO Amro Al Khadra, who hails from Kuwait, is charting a new course that will catapult the group into overseas markets.

City & Country: Phenomenal growth in key Asian cities

Investment gurus Robert Kiyosaki and Donald Trump once remarked on their love for investing in property. This can be said to be true of Asia Pacific investors as well, according to The Wealth Report 2010 published by Knight Frank and Citi Private Bank recently. “People love hard assets,” the report quoted Citi Private Bank Asia Pacific head of real estate investments Quek Kwang Meng.

City & Country: Taking the Twin Palms brand up a notch

If you take a drive to Kemensah, a stone’s throw away from the National Zoo in Kuala Lumpur, you will notice a number of on-going projects there. The area is attractive for its lush greenery and impressive hills, its proximity to the Kuala Lumpur city centre, and several major expressways that ensure convenience and connectivity.

City&Country: Cover-- UEM Land trains sights on Klang Valley and Penang

Since the launch of Bandar Nusajaya in 2006, UEM Land Holdings Bhd’s focus has been on developing the flagship zone of Iskandar Malaysia in Johor. Many joint-venture deals have been sealed with local and foreign partners to build developments and amenities in the 23,875-acre township.

City&Country: Waz Lian on the move

Mention Waz Lian Group and you are likely to get blank stares. That’s not surprising as the company has deliberately kept a low profile although its property arm has been active in the industry for over a decade.