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Construction industry to grow by 8% this year, says CIDB

"The volume is expected to increase in 2017 by 8% to RM170 billion," its chief executive Datuk Ahmad Asri Abdul Hamid told a press conference after the opening ceremony of the Eighth Malaysian Construction Summit 2017 themed "Redefining Profit" by Works Minister Datuk Seri Fadillah Yusof today.

Hua Yang to expand on Penang mainland with RM800m GDV projects

Hua Yang Bhd plans to expand its presence on Penang mainland by launching another three projects with an estimated combined gross development value (GDV) of RM800 million in the next three years, according to its assistant general manager Tony Ng.

Profit of S$2.15 million at High Point

On March 17, a 2,885 sq ft unit at High Point in prime District 9 was sold at a S$2.15 million (RM6.78 million) profit. The seller bought it at S$1.85 million, or S$641 psf, in January 2003 and sold it at S$4 million, or S$1,386 psf. The profit works out to 116%, or 6% a year over 14 years.

YTL Corp reorganises holdings in YTL Majestic

YTL Corp Bhd announced that its subsidiary YTL Land Sdn Bhd has disposed of all its holdings in YTL Majestic Hotel Sdn Bhd to YTL Hotels & Properties Sdn Bhd (YTLHP) as part of an internal reorganisation of the group's structure.