Excluding the forex gain, 1HFY16 core profit of RM55 million was still up 124% y-o-y due to higher gains from the disposal of overseas properties.

This is premised on its solid track record as a concessionaire, and good construction, engineering and project management capabilities. 

Cheras Traders Square sits on a 30-acre leasehold tract next to Aeon Cheras Selatan and Mitraland Group’s C180 development. The RM600-million Phase 1 takes up 20 acres and offers 196 units of 2-storey showroom shopoffices.

The rental market here is buoyed primarily by the student population of numerous educational institutions.

According to Tan Sri Abdul Samad Alias, a major shareholder of Profit Consortium Sdn Bhd — the developer of Plaza Rakyat — Guangdong Debao will acquire equity in Profit Consortium, but the stake is still being worked out.

Based on transactions analysed by theedgeproperty.com, the combined average price of condominiums and apartments in the area was RM209 psf in 3Q2014, up 0.7% y-o-y. 

Turner International, which is known for its role in the construction of the world’s tallest building — Burj Khalifa in Dubai, the United Arab Emirates — is eager to take on work in the education, healthcare and infrastructure sectors in Malaysia.

This follows Rehda’s proposal to the government to reintroduce the Developer Interest-Bearing Scheme (DIBS) for first-time house buyers.

A lot still needs to be done in terms of educating the general public on what green is and how it can benefit the environment and the people.

Shah Alam is the administrative capital of Selangor and was once better known as an industrial hub. Now the city has evolved into a self-contained metropolis.