KUALA LUMPUR: IJM Corp Bhd’s wholly-owned subsidiary, IJM Construction Sdn Bhd, has been appointed by Damansara Uptown Retail Centre Sdn Bhd (DURC) to construct a commercial development in Damansara Utama, Petaling Jaya for a contract sum of RM396 million.

KUALA LUMPUR: The manager of AmanahRaya Real Estate Investment Trust (ARREIT) is eyeing potential acquisitions worth RM50 million to RM350 million to expand its portfolio to RM1.5 billion over the next three years from RM1.01 billion currently.

KUALA LUMPUR: GuocoLand (Malaysia) Bhd, which is 64.98%-owned by Singapore-based GuocoLand Ltd, the property investment arm of the Hong Leong Group, recorded a net profit of RM15.71 million for the third quarter ended March 31 (3QFY14).

PETALING JAYA: More than 650 people attended The Edge Investment Forum on Real Estate 2014 last Saturday. Participants had the opportunity to gain insights into the current state of the Malaysian property market as well as London’s residential market. There was also a panel discussion with industry experts on whether homes will cost less in the future.

KUALA LUMPUR: UEM Sunrise Bhd, the country’s largest property developer by market capitalisation, is on a hunt for property development opportunities in Indonesia, following its forays into Singapore, Melbourne and Vancouver.

KUALA LUMPUR: Some 78% of stores under the Small Retailer Transformation Programme (Tukar) reported a 6% or higher increase in revenue after 12 months, according to a study commissioned by the Performance Management and Delivery Unit (Pemandu) and the Ministry of Domestic Trade, Cooperatives and Consumerism.

KUALA LUMPUR: Dialog Group Bhd expects the development plan for Phase 2 of the RM5 billion Pengerang Independent Deepwater Petroleum Terminal (PIDPT) in Johor to be finalised by July this year, said its co-founder and executive chairman Dr Ngau Boon Keat.

PETALING JAYA: Massive new infrastructure projects are poised to create more investing opportunities in already-popular property markets, according to a presentation by mapmaker Ho Chin Soon.

PETALING JAYA: The largest infrastructure project since World War Two in London, Crossrail, will see residential properties in areas within key stations outperforming the general prime central market by 6% by 2018 when the stations are completed.

PETALING JAYA: Housing prices are expected to rise by at least 5% next year when the goods and services tax (GST) takes effect in April next year, said property experts.