OSK Property buys two plots of residential land at Cyberjaya
KUALA LUMPUR: OSK Property Holdings Bhd, through its unit Jelang Vista Sdn Bhd, is buying two plots of residential land at Cyberjaya for RM32.68 million.
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Bolton to sell remaining stake in Kenneison Builders
KUALA LUMPUR: Bolton Bhd, through its wholly-owned subsidiary Kenneison Brothers Sdn Bhd, is selling its remaining 150,000 shares in Kenneison Builders Sdn Bhd for RM203,171.
In a filing to Bursa Malaysia on March 31, the developer said the 150,000 shares of RM1 each in Kenneison Builders, representing 60% of its equity interest, will be sold to Golden Prima Entity Sdn Bhd.
General Corp sees net profit of RM25.34 million for 4Q
KUALA LUMPUR: General Corp Bhd saw a net profit of RM25.34 million for the fourth quarter ended Jan 31, 2010 (4QFY2010), from a net loss of RM10.2 million a year earlier, on the constructions of several projects.
Shanghai banks cut mortgage loans discounts for first-time homebuyers
SHANGHAI: The Industrial and Commerical Bank of China (ICBC) has decided to cut discounts for homebuyers on interest mortgage loans, a Chinese daily reported.
The Shanghai Daily reported on March 31 that the Beijing headquarters had ordered the Shanghai branch to cut down the mortgage rate discount for first-time homebuyers from the previous 30%.
S P Setia records sales of RM900 million in less than five months
KUALA LUMPUR: Property developer, S P Setia Bhd has recorded RM900 million in sales as of March 22, less than five months into the current financial year ending Oct 31, 2010.
STA expects timber price to rise 5-10 per cent
KUCHING:The Sarawak Timber Association (STA) is projecting an increase of five to 10 per cent in the price of logs and timber products in the next six to nine months.
Its Chairman, Datuk Wong Kie Yik, said industry players were anticipating prices to increase after seeing a sharp drop in export in the first two months of this year.
DTZ to expand in China with more staff, offices
BEIJING: Property services firm DTZ Holdings Plc plans to hire more staff and open new offices in China over the next year to tap the fast-growing market, a senior executive said on Wednesday (March 31).
MBAM urges government to provide clear guidelines, consistent policies for PPC initiatives in NEM
PETALING JAYA: The Master Builders Association Malaysia (MBAM) hopes the government will provide clear guidelines and consistent policies for the implementation of Public Private Cooperation (PPC) initiatives in the newly launched New Economic Model (NEM).
Hong Kong office rents stay the most expensive in world, report says
HONG KONG: The territory continued to hold the top spot for occupancy costs, in both the Asia-Pacific region and the world, property consultant Colliers International say.
Gross office rent in Hong Kong, which also ranked top in 2008, was US$161.14 (RM526.27) per sq ft per year last year and an increase was expected this year.
