MRCB has tendered for RM2b jobs
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has tendered for some RM2 billion worth of projects including building projects and packages of the light rail transit (LRT) extension project.
Latest
AP Land allays concerns over its project in Japan
KUALA LUMPUR: The earthquake and tsunami disasters in Japan as well as a potential nuclear fallout in the Fukushima area has not dampened Asia Pacific Land Bhd’s (AP Land) interest in Japan.
AP Land is developing a ski resort apartment project Shiki Niseko in the Niseko region on Hokkaido island, over 600 kilometers away from the disaster site in Fukushima.
Early bird catches the worm (Property industry focus by HWANGDBS Vickers Research; April 4, 2011)
Early Bird Catches The Worm
• Possible positive surprises with upcoming Invest Malaysia conference, SPAD’s Urban Rail Network Plan & PEMANDU’s monthly update (much awaited approval for MRT Circle Line?)
• Launches near potential MRT interchanges making waves
Glomac (SJ Securities) buy; fair value RM3.00
Glomac Bhd
Investment Highlights
Mitrajaya awarded RM90.5mil LRT contract
KUALA LUMPUR: Mitrajaya Holdings Bhd has been awarded the sub-contract work for LRT (light rail transit) Station 3, 4 and 5, TPSS Kinrara 1 and Kinrara 2, Ampang Line Extension Project from Syarikat Prasarana Negara Bhd.
Hong Kong rents up on foreign financial staff moving from disaster-ridden Japan
HONG KONG: Rents in the expatriate enclave Mid-levels have surged on higher demand from foreign employees in the financial sector relocating to the city from Tokyo, Japan.
Occupancy levels of rental homes have spiked since the 9.0-magnitude quake and its resulting tsunami and nuclear crises in Japan, said Property Report on Mar 28 citing Yonhap news agency.
PJCC to be iconic landmark
PETALING JAYA: PJCC Development Sdn Bhd, the developer of Petaling Jaya Commercial Centre (PJCC), plans to transform its 33-acre tract into an iconic architectural landmark in the city.
Vietnam O&G company to build iconic 79-storey tower in Hanoi
HANOI: Vietnam is poised to see a new iconic development take shape in 2015 as PetroVietnam Construction Joint Stock Corporation (PVC) has announced plans for a 79-storey mixed-use tower christened the Viet Nam Oil & Gas Tower.
Equine buys 126 acres of Batu Kawan land from Penang Devt Corp
KUALA LUMPUR: Abad Naluri Sdn Bhd is buying 126.04 acres of land in Batu Kawan, Penang from the Penang Development Corp (PDC) for RM16.75 million cash consideration.
Equine Capital Bhd said on Friday, April 1, that Abad Naluri would then nominate Penaga Pesona Sdn Bhd – a unit of Equine Capital – to accept the transfer of the land upon the acquisition.
Sunway REIT (Maybank IB Research) maintain buy; target price RM1.15
Buys Putra Place at a discounted price
