KUALA LUMPUR: Hua Yang Bhd, a developer with over RM1.2 billion in completed projects and over RM1 billion worth of project launches lined up this year, has appointed Ho Wen Yan (pictured) as CEO with effect from Aug 20.

Wen Yan, 36, was previously the chief operating officer of Hua Yang.

He replaces Ho Mook Leong, who will continue to serve as director in the board.

KUALA LUMPUR: Loh & Loh Corp Bhd recorded a profit of RM4.38 million for the second quarter (2Q0 ended June 30, 2010, compared with RM6.51 million a year ago.

KUALA LUMPUR: Paramount Corp Bhd recorded net profit of RM25.73 million for its second quarter (2Q) ended June 30, 2010, a 44% increase from RM17.91 million recorded a year ago, mainly due to contributions from the Kemuning Utama project and higher margins recorded by construction.

Its revenue for the quarter rose to RM128.7 million compared with RM105.4 million recorded a year ago.

KUALA LUMPUR: Magna Prima Bhd saw its profits for the second quarter (2Q) ended June 30, 2010 drop to RM988,000 compared with RM6.53 million recorded in the same period a year ago. Its 2Q revenue fell to RM30.7 million compared with RM72.9 million a year ago.

KUALA LUMPUR: Bina Puri Holdings Bhd has entered into an agreement with the Brunei Economic Development Board on Aug 17 to undertake extensive interior and exterior work on three apartment blocks and its common areas, and turn them into fully furnished serviced apartments in Bandar Seri Begawan, Brunei.

KUALA LUMPUR: Crest Builder Holdings Bhd (CBHB)'s net profit for the second quarter ended June 30, 2010, dipped 24% to RM3.2 million from RM4.2 million a year ago, despite recording higher revenue of RM100.7 million, a 37% increase compared with RM73.7 million recorded a year ago.

KUALA LUMPUR: GTower, the country’s first grade A++ commercial building, is expected to increase its occupancy rate to 70% - 75% from its current rate of 60% by January 2011, said executive director of GTower Sdn Bhd Colin Ng.

KUALA LUMPUR: The slowdown of the construction sector's growth is cause for concern as the total value of new construction projects awarded has been declining for the last four quarters, said Master Builders Association Malaysia (MBAM) president Kwan Foh Kwa on Thursday, Aug 19.

KUALA LUMPUR: Madison@Regalia, a development by Mayland View Sdn Bhd, has seen a take-up rate of 70%, said the company's head of sales and marketing Eddy Tan to theedgeproperty.com.

The freehold development, located on a 2.5-acre tract at the junction of Jalan Kuching and Jalan Sultan Ismail, was launched in 2008.

KUALA LUMPUR: Ativo Plaza, the first launch of Damansara Avenue in Bandar Sri Damansara, has seen a take-up rate of 90% within a day of its priority preview event on Aug 7.

The developer, TA Global, said that the phase comprises 198 office suites and 43 lifestyle retail units in an 8-storey building on a 5.73-acre area, but only the office suites are available for sale.