BUKIT MERTAJAM (Mar 1): The Penang Regional Development Authority (Perda) will build 238 low-cost housing units in the near future with an overall cost of RM15 million.

Perda chairman Datuk Azhar Ibrahim said the 1,000 sq ft homes are expected to be ready in two years on eight hectares of Perda-owned land.

GEORGE TOWN (Mar 1): The Penang Government planned to develop a "drain mapping system" to enable the mitigation and detection of flood-prone areas in the island, said state executive councillor Law Choo Kiang.

SANTIAGO DE CHILE (Feb 29, 2012): Chile's capital -Santiago de Chile will have the tallest skyscraper in Latin America - the Gran Torre Costanera reached this achievement when it surpassed the 300 metres height.

JOHOR BARU (Feb 29): Property developer Hua Yang Bhd will launch three new projects with total gross development value (GDV) of RM550 million here this year and next.

KUALA LUMPUR (Feb 29, 2012): Mah Sing Group Bhd has acquired a 157-acre tract in Rawang, Selangor for about RM40.9 million or RM6 psf to develop new township, M Residence2 @Rawang (M Residence 2).

KUALA LUMPUR (Feb 28): Property developer Bolton Bhd achieved a profit before tax (PBT) of RM14.3 million for its third quarter (3Q) ended Dec 31, 2011, a 316% increase compared to the corresponding period of the previous financial year.

KUALA LUMPUR (Feb 28): Dijaya Corporation Bhd saw its profit jump 73% to RM50.7 million in 4Q from the previous quarter on the back of a 53% growth in revenue to RM156.2 million from RM101.9 million in the last quarter.

CYBERJAYA (Feb 28): The Emkay Group plans to develop properties with a gross development value (GDV) of RM3.8 billion here, namely some 3.1 million sq ft in office space; 3,250 units of residential properties; 856 commercial units; and a light industrial area for automotive support services.

KUALA LUMPUR (Feb 28): The One Tower Bridge, London's luxury apartment and penthouse development, will be showcased at a three-day exhibition to be held at Kuala Lumpur's Ritz Carlton Hotel beginning March 2.

KUALA LUMPUR (Feb 28): Malaysian building and construction sector companies are eyeing a slice of the US$160 billion (RM481.6 billion) worth of projects in Qatar through their participation in the upcoming Malaysia Services Exhibition (MSE 2012) there.

The multi-billion dollar construction and infrastructure projects will be required as Qatar is hosting the 2022 FIFA World Cup.