Bumi Armada Bhd (Jan 17, RM4.15)

KUALA LUMPUR (Jan 18): A fire at a high-rise building under construction in KL Sentral here early Wednesday contributed to massive traffic congestion along Jalan Bangsar and Jalan Tun Sambanthan after roads had to be closed to facilitate fire-fighting.

KUALA LUMPUR (Jan 17): The eurozone crisis holds a silver lining for the retail scene in Malaysia, CB Richard Ellis Malaysia (CBRE M'sia) managing director Allan Soo said.

KUALA LUMPUR (Jan 17): This year will be a challenging year for office building owners due to an oversupply within the Klang Valley, said Danny SK Yeo, deputy managing director of CH Williams Talhar & Wong.

KUALA LUMPUR (Jan 17): Any fall in transaction numbers or prices within the local property market is merely a technical correction and does not translate to a bearish property market, according to the National Property Information Centre (NAPIC) director Dr Zailan Isa.

GEORGE TOWN (Jan 17): An Indonesian construction worker was crushed to death when a concrete wall suddenly collapsed at a new housing project in Bayan Lepas, here on Tuesday.

JOHOR BAHRU (Jan 17): UDA Holdings Bhd will spend RM15 million to give Plaza Angsana, a popular shopping complex here, a facelift.

Chairman Datuk Nur Jazlan Mohamed said the project would be undertaken in two stages with the first involving external renovation works costing RM8 million.

Iskandar Malaysia
During our recent visit to Iskandar Malaysia, we were pleasantly surprised by the strong 65% bookings for UEM Land Holdings Bhd’s Imperia@Puteri Harbour condos launched in November 2011 at a record RM725 per sq ft (comparable with suburban condominiums in Kuala Lumpur).

KUALA LUMPUR (Jan 18): IOI Corp Bhd said on Tuesday it had won a tender for a parcel of land in Jalan Lempeng, Singapore, for S$408 million (RM995 million).

The Housing and Development Board of Singapore (HDB) on Monday accepted the bid from Multi Wealth (Singapore) Pte Ltd, in which IOI Corp holds a 99.8%-owned subsidiary, to build condominiums on the parcel of land.

BEIJING (Jan 17): Annual growth in real estate investment in China, a main driver of the economy, slowed in December to its lowest pace in a year, falling in tandem with property sales revenues, but analysts predict the worst is yet to come.