KUALA LUMPUR: Gamuda Land Sdn Bhd, a unit of Gamuda Bhd, is targeting sales of RM1.3 billion from domestic and overseas projects for its financial year ending July 31, 2011, surpassing last year's sales of RM800 million.

Managing Director Chow Chee Wah said the projection was based on the bullish property market and the company's current sales which had already hit RM860 million.

KUALA LUMPUR: Prime office buildings in Kuala Lumpur recorded better occupancy rates but the office market is expected to remain soft in general due to substantial pipeline supply.

KUALA LUMPUR: Global house prices rose by a modest 2.8% in 2010 as more markets recorded negative growth in 4Q2010, according to the Knight Frank Global House Price Index 4Q 2010 results.

KUALA LUMPUR: The government is identifying government land in Kuala Lumpur to build more affordable houses for the low income group, Housing and Local Government Minister Datuk Chor Chee Heung told the Dewan Rakyat.

KANGAR: Perlis will develop Pauh Putra new town costing RM500mil on a 2,000-hectare site in Ulu Pauh, said State Housing and Local Government Committee Chairman Dr Por Choo Chor.

He said the state government is seeking private sector participation after its application for a RM300mil allocation under the Tenth Malaysia Plan (10MP) was rejected by the federal government.

KUALA LUMPUR: Housing loans growth  to remain stable following the implementation of various projects under the government's Economic Transformation Programme (ETP, the Dewan Rakyat was told on April 6

BEIJING: Amid grave concerns over expiring burial plot leases, China’s Ministry of Civil Affairs has announced that the lease periods range from 50 to 70 years and not 20 years as widely reported earlier.

KUALA LUMPUR: Dijaya Corporation Bhd has signed on Starwood Hotels & Resorts Worldwide to develop the W Kuala Lumpur hotel on the former Bok House site on Jalan Ampang, Kuala Lumpur.

W Hotels is a contemporary, design-led lifestyle hotel brand and has 41 hotels worldwide.

KUALA LUMPUR: Bank Negara Malaysia (BNM) will undertake an assessment of prevailing conditions including inflation, risks to growth as well as the extent monetary policy supports it before deciding to raise interest rates, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said.

KUALA LUMPUR: The Titiwangsa, Masjid Jamek and KL Sentral LRT and monorail stations in Kuala Lumpur will be linked following the completion of the fully-enclosed Light Rail Transit (LRT) and monorail facilities in May.