SYDNEY (Feb 16): Australian industrial property developer and manager Goodman Group proposed on Thursday to consolidate its shares on a one-for-five basis in a bid to get their price above A$1 (RM3.27) and attract more institutional investors.

KUALA LUMPUR (Feb 15): Malaysia's construction industry is expected to record RM90 billion worth of projects for implementation this year, driven by government and private projects, said the Construction Industry Development Board (CIDB).

KUALA LUMPUR (Feb 15): Sentoria Group Bhd's public tranche under its initial public offering (IPO) on the Main Market of Bursa Malaysia Securities Bhd has been oversubscribed by 5.4 times.

The company said it had received a total of 6,829 applications for 127.2 million shares with a total value of RM108.1 million, for the public tranche of 20.0 million shares under the group's IPO.

KUALA LUMPUR (Feb 15): The Malay Chamber of Commerce Malaysia (MCCM) plans to build 100,000 houses catering specifically for the middle-income group, said its president Tuan Syed Ali Alattas.

KUALA LUMPUR (Feb 15): The liquidity profiles of Singapore Real Estate Investment Trusts (S-REITs) remain weak, but refinancing risks are manageable, according to Moody's Investors Service.

KUALA LUMPUR (Feb 14): Construction companies should identify strategic areas and leverage on their strength to seize opportunities in the industry worldwide, says Prime Minister Datuk Seri Najib Razak.

He said Malaysian construction companies have acquired expertise over the years and maintained their cost competitiveness which could be marketed and deployed anywhere.

KUALA LUMPUR (Feb 14): The government will adopt the industrialised building system (IBS) to build 34 schools in Sabah and Sarawak as part of its rural transformation programme.

Out of the total, nine schools would be built in Sarawak and 25 in Sabah, said Prime Minister Datuk Seri Najib Razak.

SHANGHAI (Feb 14): In view of the strong interest among Chinese investors towards  Malaysian properties, Mah Sing Group Bhd has opened a representative office in Shanghai to expand its reach in China.

KUALA LUMPUR (Feb 14): Hektar Real Estate Investment Trust (Hektar REIT)'s revenue for its financial year ending Dec 31, 2011 (FY2011) has risen 4.4% to RM94.9 million year-on-year (y-o-y).

KUALA LUMPUR (Feb 14): OSK Research Bhd sees SEG International Bhd's (SEGi) land acquisition move at Sepang as being positive, reflecting the management's confidence in further expanding its student base.

"The land purchase would likely form the foundation of its next growth phase," said OSK Research in a research note on Tuesday.