Marriott in talks to manage Mulu Resort
MIRI: Marriott International Incorporated is currently engaged in talks to takeover the management of Mulu Resort, located near the world famous Mulu Caves, in the interiors here.
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China real estate bazaar drowns out government warnings
BEIJING: Standing in the shouting tumult of a Chinese real estate fair, Chen Shiyong said, feels like watching a suicidal man on top of a building ignoring the pleas of bystanders to pull back from the edge.
RHB positive on Sunway’s Puncak Jalil project
Sunway Holdings Bhd
(April 12, RM1.68)
RM700 million GDV in Putrajaya this year
PUTRAJAYA: Putrajaya Holdings Sdn Bhd (PJH), the master developer of the administrative capital here, is launching more projects this year with an estimated total gross development value (GDV) of RM700 million.
Renewable energy may generate RM70 billion of business
KUALA LUMPUR: Some RM70 billion worth of business could potentially be generated from renewable energy plants by 2020 as a result of the national renewable energy policy, said Ahmad Hadri Haris, the national project leader of the Malaysia Building Integrated Photovoltaic (MBIPV) project.
“This can generate a tax income of some RM1.75 billion to government,” he said.
Singapore a REIT listing magnet for India firms
HONG KONG/SINGAPORE: The success of Singapore's first real estate trust offering this month has prompted talk that other similar, previously shelved, offerings are now being dusted off.
India's top real estate firms, DLF Ltd and Unitech Ltd may revive their Singapore IPO plans, banking sources said, while the Embassy Group is actively looking into raising funds in the city state.
China State Construction sales jump in 1Q, start slowing
SHANGHAI: China's biggest homebuilder, China State Construction Engineering Corp (CSCEC), posted big gains in its construction and real estate business in the first quarter, but growth slowed in March in response to government curbs.
Talam Corp to dispose of land to settle debt
KUALA LUMPUR: Talam Corp Bhd announced on Bursa Malaysia on April 12 that it proposes to dispose of land, subject to shareholder approval, to settle its balance of debt with Menteri Besar Selangor Incorporated (MBI) amounting to about RM150.62 million.
Crescendo Corp sells land for RM13 million
KUALA LUMPUR: Johor-based developer Crescendo Corp Bhd (CCB) announced on Bursa Malaysia on April 12, that its wholly-owned subsidiary, Panoramic Industrial Development Sdn Bhd (PIDSB) has agreed to sell two pieces of land in Nusa Cemerlang Industrial Park, Gelang Patah, Johor along with two units of 2-storey detached factory buildings with a total built-up area of 45,261 sq ft to be built by P
