KUALA LUMPUR: Sunway City Bhd’s (SunCity) latest launch – LaCosta lakeside condominium at Sunway South Quay within the Sunway Integrated Resort City (SIRC) has seen an average 50% sales for the three blocks it launched last weekend. The project has four blocks in total with an estimated gross development value (GDV) of RM400 million.

KUALA LUMPUR: The Australian real estate investment market is expected to surpass the AUS$16 billion level in transactions this year compared to 2010, according to DTZ Research in its Investment Market Update Australia 1Q2011 report on Friday, April 1.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has tendered for some RM2 billion worth of projects including building projects and packages of the light rail transit (LRT) extension project.

KUALA LUMPUR: The earthquake and tsunami disasters in Japan as well as a potential nuclear fallout in the Fukushima area has not dampened Asia Pacific Land Bhd’s (AP Land) interest in Japan.

AP Land is developing a ski resort apartment project Shiki Niseko in the Niseko region on Hokkaido island, over 600 kilometers away from the disaster site in Fukushima.

Early Bird Catches The Worm

• Possible positive surprises with upcoming Invest Malaysia conference, SPAD’s Urban Rail Network Plan & PEMANDU’s monthly update (much awaited approval for MRT Circle Line?)

• Launches near potential MRT interchanges making waves

Glomac Bhd
Investment Highlights

KUALA LUMPUR: Mitrajaya Holdings Bhd has been awarded the sub-contract work for LRT (light rail transit) Station 3, 4 and 5, TPSS Kinrara 1 and Kinrara 2, Ampang Line Extension Project from Syarikat Prasarana Negara Bhd.

PETALING JAYA: PJCC Development Sdn Bhd, the developer of Petaling Jaya Commercial Centre (PJCC), plans to transform its 33-acre tract into an iconic architectural landmark in the city.

HANOI: Vietnam is poised to see a new iconic development take shape in 2015 as PetroVietnam Construction Joint Stock Corporation (PVC) has announced plans for a 79-storey mixed-use tower christened the Viet Nam Oil & Gas Tower.