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REITs attractive in turbulent market

KUALA LUMPUR: As market volatility drive investors toward defensive stocks, real estate investment trusts (REITs) have come under renewed interest as investors look to reduce risk of capital loss and seek stable returns.

21 October, 2011
Taylor's builds RM110m international school in Puchong

KUALA LUMPUR: Taylor's Education Group is investing RM110 million to build a new international school in Puchong, Selangor.

The school will be located on a 7.8-acre site and cater for more than 2,000 students, with the first phase to open in 2014 with an initial intake of 1,000 students.

21 October, 2011
Cyberjaya city centre in the works

CYBERJAYA: Cyberview Sdn Bhd, the landowner of Cyberjaya spearheading the development of the intelligent city, is planning to develop a Cyberjaya city centre on a 141.2-acre (57.14ha) freehold site.

21 October, 2011
US housing starts rise 15% in September

WASHINGTON: US nationwide housing starts rose 15% to a seasonally adjusted annual rate of 658,000 units in September, marking the strongest pace of residential construction since April of 2010, according to figures released by the US Commerce Department on Wednesday, Oct 19.

21 October, 2011
Govt to build 78,000 units of low-cost houses

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.

20 October, 2011
Competition to pull in talents to design Bandar Malaysia

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.

20 October, 2011
HOMEDEC 2011 eyes 10% growth in business transactions

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.

20 October, 2011
RM5b KTCC to transform Terengganu

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.

20 October, 2011