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.

KUALA LUMPUR: Abad Naluri Sdn Bhd is buying 126.04 acres of land in Batu Kawan, Penang from the Penang Development Corp (PDC) for RM16.75 million cash consideration.

Equine Capital Bhd said on Friday, April 1, that Abad Naluri would then nominate Penaga Pesona Sdn Bhd – a unit of Equine Capital – to accept the transfer of the land upon the acquisition.