KUALA LUMPUR: Construction firm Ahmad Zaki Resources Bhd's (AZRB) subsidiary was awarded an RM145.39 million contract.

KUALA LUMPUR: Property developer Selangor Dredging Bhd is purchasing a piece of freehold land in London, together with properties atop of it, through its indirect subsidiary for £9.83 million (RM48.34 million).

KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (Rehda) expects property prices to increase up to 20% in the next six months.

Its president Datuk Michael Yam said on Thursday, Mar 10 the general increase in prices would be due to higher building material and land costs.  Material costs increase by 5% to 10% annually.

KUALA LUMPUR: Sime Darby Property Bhd's (SDP) USJ Heights development saw almost 75% of its second phase's zero lot bungalows snapped up within a week of its launch in January, it said in a statement on Wednesday, Mar 9.

KUALA LUMPUR: Information Communication and Culture Minister Datuk Seri Dr Rais Yatim on Wednesday, Mar 9 announced the development of the Digital City to prepare Malaysia as a supplier of digital services by 2015.

JOHOR BAHRU: The property sector outlook in Johor Bahru is expected to be positive as the market has maintained its growth momentum in the second half of 2010, said property consultant Knight Frank Malaysia in its research report on Malaysia's 2H2010 Real Estate Highlights.

Notable growth was particularly experienced by the mid-high to high end residential properties.

KUALA LUMPUR: Cypark Resources Bhd will spearhead an initiative to build a Renewable Energy Park (RE Park) on approximately 64.2 acres (26 hectares) of remediated landfill in Pajam, which is in Nilai, Negeri Sembilan.

CYBERJAYA: The Housing Loans Division of the Treasury is expected to disburse around RM6.8 billion in loans to government servants this year.

"It is higher than last year's RM5.9 billion, on the back of an increase in the maximum housing loan size, recently announced by the government," Deputy Finance Minister Datuk Dr Awang Adek Hussein told reporters here.

HO CHI MINH City: By 2020, Ho Chi Minh City will have seven highways, two main urban boulevards, and four sky-roads with 25 tunnels and bridges, Vietnam News Agency reported quoting the city's top transport official as saying.

BEIJING: Guizhou in southwest China welcomes foreign investment in its high-speed railway construction, part of the province's massive transport network construction plan between 2011 and 2015, said governor Zhao Kezhi on Wednesday, Mar 9.