KUALA LUMPUR: The Housing and Local Government Ministry is targeting to build 78,000 units of low-cost houses in the country under the Public Housing Project and Housing Aid Programme of the 10th Malaysia Plan.

PETALING JAYA: The Malaysian Institute of Planners (MIP) is organising a design competition for the master plan of the 484-acre (193.6ha) Bandar Malaysia, a brown field redevelopment project on the former site of the Sungai Besi airbase in Kuala Lumpur.

KUALA LUMPUR: Renowned home decor exhibition, HOMEDEC 2011, is aiming to register a business transaction growth of 10% over the RM110 million registered last year.

The sixth edition of HOMEDEC 2011, will be held in two parts over four consecutive days each.

KUALA TERENGGANU: The Kuala Terengganu City Centre (KTCC) project — unveiled on Thursday, Oct 20 — will be the lynchpin to transform the state as it seeks to draw new domestic and foreign investments and create jobs.

The KTCC development, which covers a 7km radius from the Terengganu river estuary, will have a gross development value (GDV) of about RM5 billion.

KUALA LUMPUR: The MIC has set up a special purpose vehicle (SPV) known as MAINCO Bhd to tap into the many development projects unveiled by the government in order for the Malaysian Indian community to reap the economic benefits from these projects.

KUALA LUMPUR: Property developer Hua Yang Bhd's net profit for its 2QFY12 ended September 2011 tripled to RM13.9 million from RM4.31 million a year ago, driven by higher sales and steady construction progress of its projects.

In a filing with Bursa Malaysia on Wednesday, Oct 19, Hua Yang said its revenue doubled to RM76.12 million from RM35.62 million a year ago.

PETALING JAYA: The Malaysian Association for Shopping and Highrise Complex Management (PPK) has called for a moratorium on the construction of new malls in high growth areas for the next few years.

It said the mushrooming of malls over the last two decades has caused what it believes is an oversupply of shopping malls in high growth areas, particularly in Penang and Klang Valley.

KUALA LUMPUR: The government will review the household income limit eligibility for the My First Home Scheme, Deputy Finance Minister Datuk Donald Lim Siang Chai said.

He said the review is in line with the announcement by the Prime Minister Datuk Seri Najib Razak in the 2012 Budget, which raised the loan limit under the scheme to RM400,000 from RM220,000.

DHAKA: Malaysia has secured infrastructure projects worth a whopping RM10 billion in Bangladesh to be implemented beginning early next year over a period of between two and five years, says Malaysia's Special Envoy Datuk Seri S Samy Vellu here on Wednesday, Oct 19.

KUALA LUMPUR: The government has drafted a construction industry payment and adjudication bill to protect the interests of subcontractors and suppliers in the country, the Dewan Rakyat was told.

Deputy Works Minister Datuk Yong Khoon Seng said the bill was expected to be tabled in Parliament in March next year.