SHAH ALAM: The RM10 billion Klang River cleaning project, which is part of the river’s RM50 billion rehabilitation and development project, is expected to be funded via a private financing initiative (PFI).

Selangor Menteri Besar Tan Sri Khalid Ibrahim said yesterday (March 16) that a detailed briefing on the project would be held on March 29, 2010.

KUALA LUMPUR: Ho Hup Construction Company Bhd’s shareholders, including Low Chee & Sons Sdn Bhd, will have the chance to vote at its EGM today (March 17) to decide whether to replace its existing board or not.

KUALA LUMPUR: ECM Libra Investment Research is maintaining its Buy call and target price for SP Setia at RM4.05 based on upper-end P/E valuation of 20 times on CY10 EPS.
It said on Wednesday, March 17 it did not expect a material impact after the property company terminated the 50:50 joint venture for the Setia View project in Penang.

KUALA LUMPUR: Maju Holdings Sdn Bhd's 1,000-acre property in Ulu Tiram, Johor is set to become a high-end, integrated and gated community.

PETALING JAYA: Setia Promenade Sdn Bhd, a wholly owned subsidiary of S P Setia Bhd, has terminated a joint-venture agreement with PPH Resorts (Penang) Sdn Bhd for the proposed development of a 45-acre freehold land in Penang Island, citing among other reasons, failure of common purpose of the agreement.

KUALA LUMPUR: Mah Sing Group Bhd has achieved 80% sales of 268 units for its Perdana Residence 2 project in Selayang to date.

A preview of the projects show units on March 13 in Selayang, saw more than 500 buyers and visitors touring the show houses and giving their feedback on the 3-storey superlink homes.

BEIJING: Two land sales in Beijing have shattered price records and both buyers were state-owned companies, sparking outrage and astonishment at the city's frothy property market.

KUALA LUMPUR: The closure of Puduraya bus station, schedule to start on March 19, has been postponed to another date, UDA Holdings Bhd said.

In a statement, he said the postponement was decided during a meeting with the Federal Territories and Urban Wellbeing Ministry, Commercial Vehicle Licensing Board, Kuala Lumpur City Hall, Road Transport Department and police.

HONG KONG: The real estate market in Asia-Pacific in 2010 continues to benefit from improving sentiment and the gradual economic recovery in the second half of 2009.

KUALA LUMPUR: UK-based developer, St George Central London Ltd is marketing 69 units of apartments and penthouses known as the Curtiss Apartments (pictured) in Beaufort Park, North London, to Malaysian investors.