KUALA LUMPUR: Land & General Bhd (L&G) has soft-launched its luxury serviced apartment project, The Elements@Ampang, along Jalan Ampang in Kuala Lumpur.The 2.6-acre development with a gross development value of RM800 million is a joint venture between L&G and Mayland Group.The freehold development comprises two towers, each housing 520 units with

The very idea that we could be cooking ourselves in our own homes seems absurd. Yet this is exactly what we have been doing, since many of our homes are designed like ovens.Have you noticed that our roofs in landed homes, which are typically ‘pitched’ (as they are more commonly known), are sealed off with mortar on the top ridges (to prevent water from coming in)? So are the eaves.

KUALA LUMPUR: London-based Gatehouse Bank Plc is looking to raise £50 million (RM246 million) to invest in high-end residential property in Central London, and is hoping to attract Malaysian funds.It is currently in talks with institutional investors from Malaysia, including the Employees Provident Fund and Permodalan Nasional Bhd, about investing in the real estate investment fund, its vice-pr

KUALA LUMPUR: Young families and adults age 31 to 45 will probably lead the recovery in the US residential property market, according to real estate experts.Dubbed Generation X, this group makes up 32% of home-buying age Americans.

Gamuda
Earnings uptrend intact

Gamuda
2QFY11 : On the right track

Bank of China – China

KUALA LUMPUR: Gamuda Bhd reported a net profit of RM94 million in the second quarter (2Q) for the financial year ending July 31, 2011, an increase of 20% compared to RM78 million recorded in the preceding year corresponding quarter due to higher contribution from all divisions.

GEORGE TOWN: The Penang Barisan Nasional (BN) congratulated Chief Minister Lim Guan Eng for taking up its advice to sue whoever the state deems is responsible for any wrong-doing in the Pulau Jerejak issue.

Its working committee chairman Datuk Dr Teng Hock Nan said he was happy that Lim had finally taken the right approach to solve the matter.

TOKYO: Global commercial real estate firm Jones Lang LaSalle is donating ¥100 million (RM3.7 million) to the Japanese Red Cross to provide aid and relief to Japan following the earthquake and Pacific Tsunami that have left massive destruction to the country.

The Red Cross is a charitable organisation that depends on volunteers and the generosity of the public to perform its mission.