Building materials  

KUALA LUMPUR: IJM Corp Bhd, WCT Holdings Bhd and Gadang Holdings Bhd are likely beneficiaries of the US$27 billion (RM88.56 billion) Pengerang Integrated Complex (PIC) development in Johor. Project owner Petroliam Nasional Bhd (Petronas) received the stamp of approval to proceed last Thursday.

KUALA LUMPUR: SBC Corp Bhd, a contractor-turned developer with property projects in Peninsular Malaysia and Sabah and Sarawak, has picked up interest over the past one month as investors took note of its deep asset value. The company has seen its share price jump some 40.6% since the beginning of March.

LONDON: The UK capital’s status as a magnet for wealthy foreign homebuyers is helping to drive prices in many areas beyond the reach of most Londoners. That’s putting pressure on politicians and developers to convince locals that they haven’t been forgotten in the rush to court overseas investors.

BEIJING: Price rises for new homes in China slowed in March for the third straight month, an independent survey showed, as authorities say they are looking to curb high housing costs.

TO understand why many of China’s small property developers are struggling, look no further than Zhejiang Xingrun Real Estate.

The once little-known regional developer is now on the brink of becoming one of China’s biggest real estate bankruptcies in recent memory.

KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT), whose focus is retail-based real estate and holds properties such as Sungei Wang Plaza in Kuala Lumpur and Gurney Plaza in Penang, sees minimal impact from the hike in utilities and assessment rates.

KUALA LUMPUR: Mitrajaya Holdings Bhd’s unit Pembinaan Mitrajaya Sdn Bhd has clinched a RM277.4 million contract from property developer UEM Sunrise Bhd.

The contract is for the proposed construction and completion of the main building of a housing block within the Symphony Hills area in Selangor’s Cyberjaya district, Mitrajaya told the exchange yesterday.

INDIA: With its general election underway, India’s real estate sector is prepping for the potential optimism of a new government being sworn in and with it, potential new policies that can become key drivers of growth in the real estate sector in the next five years.According to Ramesh Nair, chief operating officer, Business of Jones Lang LaSalle (JLL) India, these policies include economic and

KUALA LUMPUR: Malaysia will be hosting the International Federation of Interior Architects/Designers (IFI) XXVI General Assembly and Congress 2014 from May 1 to 5.“[Hosting the event] is a first for Malaysia and Southeast Asia,” said Ronnie Choong SB, president of the Malaysian Institute of Interior Designers (MIID), in a press statement recently.