Malaysia Building Society Bhd (Feb 9, RM2.13)

KUALA LUMPUR: With low prices, growing urbanisation, a young population and consistent national GDP growth of 7% to 8% annually over the past few years, India’s property market may offer good investment opportunities for Malaysians, according to a wealth management company marketing Indian properties.According to Vishal Gupta, managing director of Sumo Global Wealth Management (SGWM), Malaysian

PETALING JAYA: Dijaya Corp Bhd plans to launch products in at least two of its new mixed development projects in the Klang Valley this year.One of the mixed developments is Tropicana Gardens located in its 400-acre (161.8ha) Tropicana Indah development in Petaling Jaya, managing director Datuk Tong Kien Onn said.Tropicana Gardens has a gross development value (GDV) of RM1.8 billion and will tak

PETALING JAYA: The first national-level Malaysian Property Exposition for 2012 (Mapex) organised by the Real Estate and Housing Developers Association (Rehda) has been aptly themed “Home and Abroad” as for the first time, foreign property developers will also showcase their projects to the Malaysian public.The foreign developers exhibiting at Mapex 2012, to be held next month, include those fro

CYBERJAYA: Suntrack Development Sdn Bhd is confident that its latest project Suntrack HUB @ Bangi, an industrial development in the 500-acre (202.34ha) Bangi Industrial Park in Bandar Baru Bangi, will do well considering the lack of supply of medium-sized industrial units in the area.

SINGAPORE: Jones Lang LaSalle’s year-end 2011 Global Capital Flows report shows there was US$410.6 billion (RM1.24 trillion) of direct commercial real estate investments globally in 2011, a 28% increase over 2010.

KUALA LUMPUR (Feb 9): Property developer and automotive parts manufacturer Kumpulan Jetson Bhd has acquired a 100% stake in China-based Asian Corp Ltd (ACL) for RM11 million.

The purchase price was a 22.5% discount to ACL's net assets of RM14.2 million, and its main asset is a 57,737 square metre industrial land in Yangzhou City, China.

KUALA LUMPUR (Feb 9): The RM300.5 million contract to build the headquarters of the Ministry of International Trade and Industry and external works will be a good start for WCT Bhd, says MIDF Research.

In a statement on Thursday, MIDF said the job, the first to be awarded to WCT this year, accounts for 17% of its RM1.8 billion total order book assumption this year.

PUTRAJAYA (Feb 10): Soon-to-be-listed property developer Sentoria Group Bhd expects at least 30% return on its RM92 million investment in the Arabian Bay Resort, which forms part of its Bukit Gambang Resort City's (BGRC) second phase development near Kuantan, according to the group's joint managing director Datuk Gan Kim Leong.

KUALA LUMPUR (Feb 9): The joint venture between MMC Corp Bhd and Gamuda Bhd (MMC-Gamuda JV) has firmed up the details with MRT Co on the scope of work and fees for its role as the project delivery partner (PDP) for the multi-billion ringgit Klang Valley mass rapid transit project.