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.

LONDON: Global transaction volumes for commercial property are set to see growth of at least 15% in 2014, which will take the annual total to well in excess of US$600 billion (RM1,962 billion), acccording to Knight Frank’s latest Global Investment report.The global property consultancy predicted that Chinese investments in international property will double this year with transactions reaching

GUANGZHOU: I-Bhd’s Red Carpet@i-City, Malaysia’s first all-star interactive wax museum, will introduce state-of-the-art 3D imaging technology which enables the construction of digitalised three-dimensional models.

HONG KONG: Hong Kong developer stocks jumped the most in more than two years on speculation the government may ease curbs on home prices after the city’s leader said the market is no longer overheated.

Sun Hung Kai Properties Ltd, the city’s second largest developer, surged as much as 4.1% and Wharf Holdings Ltd advanced as much as 5.6%.  

SHAH ALAM: Kumpulan Perangsang Selangor Bhd (KPS), a subsidiary of Kumpulan Darul Ehsan Bhd (KDEB), is shutting down its loss-making, four-star hotel here on June 1.

KUALA LUMPUR: TA Global Bhd, the property arm of stockbroker TA Enterprise Bhd, expects earnings from its property development division to be lower in the financial year ending Jan 31, 2015 (FY15) due to lower demand for higher priced properties and rising cost pressure.

SINGAPORE: Singapore’s home prices slid for a second consecutive quarter in the January to March period, as tighter mortgages cooled demand in Asia’s second most expensive housing market.

KUALA LUMPUR: In a test of wills with the authorities, Air-Asia Bhd and its long-haul affiliate AirAsia X Bhd said they are keeping their airline operations at the current low-cost carrier terminal (LCCT) in Sepang come May 9, even though the Transport Ministry announced that the terminal will be shut down on that day to make way for klia2, which will open on May 2.