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Ho Hup wins back its 60-acre land

KUALA LUMPUR: Ho Hup Construction Co Bhd has won back a piece of prime land in Bukit Jalil after the Kuala Lumpur High Court declared null and void a joint development agreement (JDA) that was long deemed unfavourable by the company's existing shareholders.

UOA Development buys Sri Petaling land for RM50m

KUALA LUMPUR: UOA Development Bhd, which listed on the Main Market of Bursa Malaysia on Wednesday, June 8, is acquiring two parcels of freehold land in Sri Petaling for RM50 million for a proposed high-rise residential development.

Property: Opportunities in Iskandar

Property sector
Maintain overweight:
The main objectives of a recent conference were to provide an update on the status of developments in Iskandar Malaysia as well as highlight the current and future investment opportunities.

The Horizon Phase 2 at Bangsar South receives GBI provisional Gold

KUALA LUMPUR: UOA Development Bhd's wholly-owned subsidiary Paramount Properties Sdn Bhd has received the 2011 Green Building Index (GBI) Provisional Gold Rating award for its four office towers located at The Horizon, Phase 2 in Bangsar South, Kuala Lumpur.

GBI launches green rating tools for industrial buildings

KUALA LUMPUR: Following the launch of four rating tools over the past two years, Green Building index (GBI) has launched two new ratings for industrial buildings: the Industrial New Construction Tool and the Industrial Existing Building Tool.

Zecon receives letter of intent for hospital construction

KUALA LUMPUR: Zecon Bhd has received a letter of intent from Public Works Department for the proposed construction of the Petra Jaya Hospital in Kuching, Sarawak.

In a filing to Bursa Malaysia, Zecon said the Ministry of Finance would appoint the company for the implementation of the proposed project by way of direct negotiation on the "design & build" basis.

Soft loans for solar panel purchase by year end

KUALA LUMPUR: The Ministry of Energy, Green Technology and Water is currently in talks with Bank Negara Malaysia (BNM) on the possibility of providing soft loans for consumers to purchase solar photovoltaic (PV) panels.

Solar panels for one kilowatt peak would cost about RM15,000.

Act now to reduce impact of climate change, says speaker

KUALA LUMPUR: Dewan Rakyat Speaker Tan Sri Pandikar Amin Mulia on Tuesday, June 7 called for a more integrated approach in implementing development programmes in the country to reduce the risk of disasters.

He said coordination between ministries and its agencies, non-governmental oganisations and the community must be strengthened to mitigate climate change.