News by M

Riding on the Silicon Valley wave, technology firms across Asia are building hubs in the region to aid their business growth, occupying prime office locations, according to international real estate firm JLL.

49%-owned Muhibbah Engineering Middle East LLC has won a contract from the Economic Zones Company of Qatar (Manateq) to undertake the construction of roads and infrastructure works at Um Alhoul Economic Zone (QEZ-3) Phase 2.1 for a total contract sum of RM438.1 million.

The builder said its indirect wholly-owned subsidiary, Tema Warisan Sdn Bhd, yesterday inked a joint-venture agreement with Perikatan Progresif Sdn Bhd for the development on a 17.5-acre leasehold land.

All the public housing units are for rent only over a six-year period for eligible citizens with rental rates capped at 80% of the average rental rates.

Maybank Kim Eng has named CapitaLand Commercial Trust (CCT) as its top “buy” pick in the office sector with an unchanged target price of S$1.81 (RM5.60).

Mah Sing Group Bhd has introduced a CNY Bonanza Campaign where homebuyers can enjoy cash rebates from RM888 to RM18,888, in addition to other sales packages offered for selected Mah Sing properties.

Several catalytic developments have emerged in Greater Kuala Lumpur, which include Tun Razak Exchange, Warisan Merdeka, Bukit Bintang City Centre, Bandar Malaysia, Kwasa Damansara and Calvary Convention Centre.

A series of carnival-themed events and activities for all members of the Bukit Panjang community will take place on the date in commemoration of the launch.

"With money from the sale, we will pay back loans borrowed from two banks in Australia," said Tan Sri Annuar Musa.

Jaycorp Bhd's 60%-owned unit Jaycorp Engineering & Construction Sdn Bhd (JECSB) has won a contract for the construction of a seven-storey shop cum office at Likas Bay in Kota Kinabalu, Sabah.