LGB Properties mulls mixed-use development on BAT land

PETALING JAYA (June 13): LGB Properties (M) Sdn Bhd, a subsidiary of LGB Group, is planning a mixed-use development on a parcel in Virginia Park, Section 13 here that is currently occupied by British American Tobacco (M) Bhd’s (BAT) factory, said LGB Group director Lim Chin Sean.

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S Korea ropes in Malaysian firms to bid for KL-S’pore HSR

KUALA LUMPUR (June 13): A 27-firm South Korean consortium led by the Korea Rail Network Authority (KRNA) is roping in Malaysian partners, starting with local engineering firm Ranhill Bersekutu Sdn Bhd, to jointly bid for the upcoming 350km Kuala Lumpur-Singapore high-speed rail (HSR) project.

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Growth amidst a slowdown

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.

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