KANGAR: The Malaysian Malay Chamber of Commerce (DPMM) Perlis Chapter has urged the government to stop the Variation of Price (VOP) implementation which it says is oppressive on contractors.

President Fauzi Hassan said that although VOP was implemented following a decrease in steel prices, the cost for other materials including cement and sand continued to increase.

KUCHING: The Sarawak Land and Survey Department has clarified that all genuine native customary rights (NCR) land within the vicinity of Kampung Stenggang in Bau near here is excluded in the provisional lease (PL) issued to a plantation company.

GEORGE TOWN: Island Golf Properties Bhd (IGP), a subsidiary of the state-owned Penang Development Corp (PDC), which operated the Bukit Jambul Country Club (BJCC), suffered heavy losses and barely made profits over the past few years, which prompted the state government to outsource the management and operations of the club.

Hitting in Sarawak

A Sarawakian presence

Another road works job for IJM

Secures RM246.7 million road works jobs

SYDNEY: Predicting future house prices is always a gamble, but for a bearish Australian academic who lost a bet that prices would crash, it also involves a trek to the country's highest mountain peak.

KUALA LUMPUR: Ho Hup Construction Company Bhd has been granted a time extension of four months until Aug 4 to submit its revised regularisation plan to Bursa Malaysia Securities for approval.

HONG KONG: Shimao Property Holdings and a Taiwanese company have launched a US$10 billion (RM32 billion) cross-strait fund to identify real estate opportunities in each other's markets.

Shimao chairman Hui Wing-mau and Taiwan-listed Farglory Group have this week set up Straits Construction Investment (SCI) to explore large-scale property investment on the mainland and Taiwan.

SHANGHAI: Real estate investors in Asia and the Pacific expect to see regional property markets returning to normal by 4Q2010, ahead of other regions, according to the findings of Colliers International’s Global Investor Sentiment Survey.