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Slow recovery in JB

Some optimism is returning to the Johor Baru housing property market after two consecutive sluggish quarters as a result of the global credit crunch.There were more sales recorded in the primary market in 2Q2009 compared with 1Q2009, says KGV-Lambert Smith Hampton Johor director Samuel Tan when presenting The Edge/KGV-Lambert Smith Hampton Johor Baru housing property monitor for 2Q2009.

Mah Sing 2Q net profit at RM23m (Aug 19, 2009)

KUALA LUMPUR: Mah Sing Group Bhd reported net profit of RM23.04 million in its second quarter ended June 30, a decline of 38% from RM37.25 million a year ago mainly due to timing mismatch but it was optimistic about its outlook with remaining gross development value and unbilled sales of approximately RM4.4billion.

Mah Sing 2Q net profit at RM23m

KUALA LUMPUR: Mah Sing Group Bhd reported net profit of RM23.04 million in its second quarter ended June 30, a decline of 38% from RM37.25 million a year ago mainly due to timing mismatch but it was optimistic about its outlook with remaining gross development value and unbilled sales of approximately RM4.4billion.

Zelan pursuing local mega infrastructure projects

KUALA LUMPUR: Zelan Bhd is pursuing a few mega infrastructure projects in the country as the company seeks to reduce its overdependence on overseas contracts where it was adversely impacted by the surge in material prices.Its chairman Datuk Anwar Aji said on Aug 19 the company would work out the strategies to have a balance between overseas and local projects and the plan was expected to be pre

#Video* Latest Kinrara homes sold in three hours

PETALING JAYA: Aug 8, 2009 was not just another Saturday at the Perumahan Kinrara Bhd sales office in Bandar Kinrara, Puchong, Selangor. More than 100 home buyers, some of whom had been camping there for 10 nights and 11 days are waiting in a queue to purchase homes at Sentosa, a link house development in Phases B39/B40 in the freehold Bandar Kinrara township.

All sold in 3 hours after 10-night queue

Aug 8 wasn't just another Saturday at the Perumahan Kinrara Bhd sales office in Bandar Kinrara, Puchong, Selangor. More than 100 home buyers, some of whom had been camping there for 10 nights and 11 days, were eagerly waiting in line for the launch of Sentosa - an 80-link house development in Phases B39/B40 of the freehold township.

New lifestyle with Five Stones in SS2

The suburb of SS2 in Petaling Jaya will sport a new look with the inclusion of a condominium development in its vicinity. On Jalan SS2/72 next to Jasmine Towers, one of the oldest condo projects in the area, is Selangor Dredging Bhd's (SDB) latest offering christened Five Stones.

Driving change at TA Enterprise

Changes are slowly but surely being implemented at TA Enterprise Bhd. One of the more visible changes includes the subtle modification to its logo, whereby the sharp edges on the 'TA' letterings have been softened and are no longer framed by a conservative box. Even the colour has taken on a trendier shade of blue. The significance of all these?

Klang Valley housing rebounds

After a flat 1Q2009, the secondary housing market in the Klang Valley has taken a sort of a U-turn at end-2Q2009.

Local investors lead in office market

The recent proposed acquisition of a 50% stake in Menara Citibank, which is on Jalan Ampang, by Hap Seng Consolidated Bhd shows that domestic investors are leading investment activities in the Kuala Lumpur office market. “There are selective buyers in the market who are prepared to seize the limited buying opportunities that good income-yielding properties offer.