News about AP

PETALING JAYA (June 11): Sunsuria Bhd is looking at launching The Olive — the first residential properties in its flagship Sunsuria City township in Salak Tinggi — in September, said executive chairman Datuk Ter Leong Yap.

WHILE many continue to be cautious about the property market due to the weak market sentiment over the past two years and while lending guidelines remain tight, investors may be encouraged to know that there are some condominiums selling below RM500,000 that saw double-digit capital growth last year on the secondary market.

PROPERTY market cycles come and go, but with prolonged weakness, the current slowdown could point to a much larger economic issue.

PETALING JAYA (June 6): Gamuda Land, the property arm of construction group Gamuda Bhd, aims to launch its first Australian project — 661 Chapel St in Melbourne — Down Under in the third quarter of this year, said the developer’s chief operating officer Ngan Chee Meng.

SEOUL (June 6): The South Korean ministry of land, infrastructure and transport (Molit) plans to engage with the relevant parties in Malaysia to promote its high-speed rail (HSR) technology, in a move to facilitate a South Korean consortium’s bid for the upcoming 375km Kuala Lumpur-Singapore HSR project.

S P Setia Bhd (June 3, RM3.

PETALING JAYA (June 3): Home electronics and furniture retailer Courts Malaysia will launch its first “next-generation store” in Malaysia at the Courts Megastore in Sri Damansara tomorrow, said the company in a press statement.

KUALA LUMPUR (June 3): The Master Builders Association Malaysia (MBAM) has voiced opposition to safeguard measures on steel products, arguing that without the free flow of imports, prices of steel bars may be uncontrollable.

SINGAPORE (June 2): Frasers Property Australia says construction firm Brookfield Multiplex has been awarded a A$290 million ($290 million) contract to build the DUO in Sydney.

SINGAPORE-listed property firm UOL Group Ltd, which owns and operates the Parkroyal and Pan Pacific brands, will see its hospitality portfolio in Malaysia grow in the next two to three years as it adds two new hotels and expands an existing hotel asset in Kuala Lumpur.