ST PETERSBURG: S P Setia Bhd’s Setia Eco Gardens picked up another award recently at the 2012 Fiabci Prix d’Excellence Awards. The township development in Johor emerged the winner in the Specialised Project (Purpose-Built) Category for Eco Greens.

KUALA LUMPUR (May 17): As many as six finalists have been chosen in the Bandar Malaysia International Design Competition to select the best Master Plan for the new sustainable city.The six finalists were shortlisted from the 10 companies that had made it to the in the second stage of the competition which were previously chosen from among a list of 35.The six finalists are AECOM, Hong Kong and

KLANG (May 17): Construction and civil engineering outfit WCT Bhd is targeting to secure at least 20% out of its RM5 billion tender book for the remaining quarters of this year.

S P Setia Bhd (May 16, RM3.70)

LONDON (May 16): Land Securities, the biggest listed British property developer, said demand for office space in London was lower than expected due to the worsening turmoil in the eurozone.

LONDON (May 16): Bovis Homes Group Plc expects strong profit growth this year helped by higher average sales prices and improved profit margins, and sees conditions in the British housebuilding market remaining stable.

KUALA LUMPUR (May 16): S P Setia Bhd's wholly-owned subsidiary, Intra Hillside Sdn Bhd, has entered into a sale and purchase agreement with Penang Realty Sdn Bhd for the proposed purchase of 21.31 acres (8.5ha) of freehold land on Penang Island for RM185.65 million or RM200 per sq ft.

KUALA LUMPUR (May 16): Daya Materials Bhd has secured a construction contract from Gemesis Malaysia Sdn Bhd for RM57 million.

The project, awarded to Daya Materials' wholly-owned subsidiary, Daya CMT Sdn Bhd, is for the construction of a new one-storey factory and two-storey office and facilities in Taman Sains Pulau Pinang.

KUALA LUMPUR (May 16): Mitrajaya Holdings Bhd has accepted a letter of award from Putrajaya Holdings Sdn Bhd for a construction project worth RM111.84 million.

The contract, awarded to Mitrajaya's wholly-owned unit, Pembinaan Mitrajaya Sdn Bhd, is for the proposed construction and completion of City Campus Development Phase 1 in Precinct 5, Putrajaya.

WITH more than half of the real estate investment trusts (REITs) listed on Bursa Malaysia having released their 1Q earnings results, it appears that most continue to do well despite lingering concerns of oversupply and rental pressure, especially in the office segment.