Gamuda Bhd (June 20, RM3.74)

ALOR SETAR: The Rural and Regional Development Ministry has allocated RM7.8 million to Lembaga Kemajuan Wilayah Kedah (KEDA) to build houses under the Program Bantuan Rumah (PBR) in Kedah.

Keda chairman Datuk Paduka Ahmad Bashah Md Hanipah said through the allocation, 173 affordable houses at RM33,000 each would be build while 228 houses would be upgraded at a cost of RM11,000 each.

BEIJING: China will neither step up or relax current property tightening measures unless home prices suddenly surge or fall sharply, the official Financial News said in a commentary piece on Monday, June 20.

HONG KONG: Hong Kong's property market is "unusually strong", with the government ready to introduce more drastic measures if necessary, Financial Secretary John Tsang said on Monday, June 20, pushing real estate shares to the lowest in almost a year.

KUALA LUMPUR: The Real Estate and Housing Developers' Association of Malaysia (Rehda) has called for the implementation of the International Financial Reporting Interpretations Committee 15 (IFRIC 15) to be postponed further, citing a need to resolve issues affecting its application on property developers here.

KUALA LUMPUR: The walls of Ho Hup Construction Co Bhd's head office in Bukit Jalil are adorned with photos of its previous projects, including landmarks like the Petronas Twin Towers, the National Sports Complex and the Kuala Lumpur International Airport.

PETALING JAYA: Rising building material costs are haunting construction companies again. Local builders say construction costs may rise at a faster pace than earnings, prompting players to seek greater liberty to import building materials and equipment at lower tariffs.

The Jalan Cochrane area has stirred some interest of late, especially since the government announced plans to redevelop the old government quarters on more than 60 acres there.

Southkey building world-class integrated township

KOTA BHARU: Umno Youth will propose to the federal government to extend the My First Home initiative to Kelantan, said its chief Khairy Jamaluddin Abu Bakar.

He said the proposal would be brought to the attention of Prime Minister Datuk Seri Najib Razak.