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Burj Dubai Showcases 'Vertical Travel' With World's Highest Elevators

DUBAI: Burj Dubai, the world's tallest building by Emaar Properties, set to be inaugurated on January 4, 2010 to mark the fourth anniversary of the Accession Day of Sheikh Mohammed Bin Rashid Al Maktoum as the Ruler of Dubai, is setting new trends as well as world records in elevator and escalator installation and operation, Emirates News Agency (WAM) reported Thursday.

Ho Hup Expects GDV Of RM400 Million For Jalil Green City

PETALING JAYA: Ho Hup Construction Company Bhd, the country's oldest construction company, expects a gross development value (GDV) of RM400 million for phase one of the Jalil Green City project.

The mega integrated lifestyle development project comprising eight phases of development will commence construction next year.

Proposed buyers of Gopeng estate file appeal

KUALA LUMPUR: Four companies have again sought a court ruling to enforce four conditional sale and purchase agreements (SPAs) signed in 2003, requiring Gopeng Bhd to dispose of 885 ha of plantation land in Kota Bahroe Group Estate, Perak for RM37.15 million.

Ivory Properties to launch first phase of The Peak in Penang

KUALA LUMPUR: Penang-based developer Ivory Properties Group is set to launch the first phase of The Peak known as The Peak Residences in Penang in 1Q2010. The Peak is located at the foot of Mount Erskine in Tanjung Tokong. The 13.7-acre project has a gross development value of RM400 million.

#Update* Lye trumps Low in Ho Hup EGM

PETALING JAYA: Ho Hup Construction Co Bhd’s proposed sale of two parcels of land was passed with a 60.06% majority in an extraordinary general meeting (EGM) on Thursday, Dec 31.

CIMB to sell 65 properties to EPF for RM302.5 million

KUALA LUMPUR: CIMB Group Holdings Bhd announced on Dec 30 that it is disposing 65 properties to the Employees Provident Fund (EPF) for RM302.5 million as it is not in the business of owning properties.

The group is expected to gain up to RM171 million from the disposal, it said in a filing to Bursa Malaysia.

Mydin to build fourth hypermarket In Melaka

MELAKA: Mydin Mohamed Holdings Bhd will build a RM67 million wholesale hypermarket in March in Bandar Jasin Bistari. This will be the company’s fourth outlet in Melaka.