SEOUL: Seoul's new city hall building, which is currently under construction, will be equipped with geothermal warming and cooling systems to reduce energy consumption, Yonhap news agency reported quoting city officials as saying on April 26.

KUALA LUMPUR: Atrium Real Estate Investment Trust (Atrium REIT) has posted a net profit of RM2.66 million for its first quarter (1Q) ended Mar 31, 2011, a slight increase from RM2.62 million a year ago on higher income.

KUALA LUMPUR: Analysts expect IJM Corp Bhd's performance for the first four months of the year to decline from the previous quarter due to provisions for its construction jobs in the Middle East and India.

KUALA LUMPUR: OCBC Bank (Malaysia) Bhd now offers mortgage loan facilities in ringgit terms for the purchase of residential properties in sections of Central London in the United Kingdom.

KUALA LUMPUR: Tower Real Estate Investment Trust (Tower REIT) has posted a net profit of RM8.5 million for its first quarter (1Q) ended Mar 31, 2011, up 19.45% from RM7.11 million a year ago on higher revenue.

PETALING JAYA: Sustainability is vital for construction as the industry faces depleting resources, said Construction Industry Development Board Malaysia (CIDB) chairman Datuk Hamzah Hassan.

KANGAR: The Chuping new town development, to be called "Chuping Valley" is expected to become the economic hub of Perlis said Menteri Besar Datuk Seri Dr Md Isa Sabu on April 25.

Md Isa said Chuping Valley would be developed as a logistic support centre to compliment Padang Besar which has grown into a booming economic centre in the north border.

HO CHI MINH CITY: A luxury apartment complex, the first in Vietnam having hanging gardens, was inaugurated in HCM City on Sunday after two years of construction, Vietnam News Agency (VNA) reported.

The Ruby Garden building is designed with giant hanging gardens on alternate floors around the four surfaces of the building.

KUALA LUMPUR: The construction industry will benefit from a sustainable environment in the long run even, even if the cost of construction is initially high in a sustainable environment, says Construction
Industry Development Board (CIDB) Malaysia Chairman Datuk Ir Hamzah Hasan.

KUALA LUMPUR: IJM Land Bhd, the property development arm of IJM Corporation Bhd has unveiled the latest phase in its S2 Heights township development in Seremban called Summer.

Its Sales and Marketing senior manager Christine Wong said the Summer has a gross development value (GDV) of RM70 million offering 230 units of double-storey terraced homes on over 22 acres of land.