News about la

Construction sector Maintain overweight: We met the promoters of Bandar Malaysia to get a better sense of the prospects of the much-talked about Bandar Malaysia.

Sold for: RM2,450,000 (RM875 psf) Concluded by: Daniel Wong (REN 01967) of Sang Associates  (013-3868108) When: August 2016 Noteworthy: ● Freehold ● 2,800 sq ft ● Developed by Selangor Dredging Bhd ● Completed in March 2008 ● 7 blocks of 20 storeys ● 105 units in each block ● Private lift and private lobby ● Unit has a view of Royal Selangor Golf Club and the greenery of Jalan Stonor ● Two car parks ● Maintenance fee is 48 sen psf According to the agent, Daniel Wong of Sang Associates, the selling price of this unit was slightly below market price owing to the slow market.

PETALING JAYA (Jan 5): LBS Bina Group Bhd plans to launch 12 new projects with a total gross development value (GDV) of RM2.

PUTRAJAYA (Jan 5): Paramount Blossom Sdn Bhd is collaborating with Fujian Hexinyuantong Investment Co Ltd and China Railway Liuyuan Group Co Ltd to develop a RM650 million property project on 77 acres of land in Seremban, Negeri Sembilan.

KUALA LUMPUR (Jan 5): Ikhmas Jaya Group Bhd has been appointed to undertake the piling and substructure work for a commercial building in Damansara, Selangor, valued at RM37.

SINGAPORE (Jan 4): The Land Transport Authority and the Singapore Land Authority jointly announced on Tuesday evening that the Singapore government has gazetted the site of the Raffles Country Club for acquisition, in order to house the facilities for the Kuala-Lumpur Singapore High Speed Rail (HSR), the western depot of the Cross Island Line, and other transport related needs.

UEM Sunrise Bhd (Jan 3, RM1.

KUALA LUMPUR (Jan 4): Vivocom Intl Holdings Bhd has won two contracts worth a combined RM71.

THE year has been a mixed bag for the global property markets; some have performed fairly well while some, like in Malaysia, are wishing for better days ahead.

TYCOON Tan Sri Lee Kim Yew, who is behind the development of Mines Resort City in Seri Kembangan, Selangor, is putting up 38.