PORT DICKSON: Some 1,049 problematic housing developers have been blacklisted by the Housing and Local Government Ministry.

Housing and Local Government Minister Datuk Chor Chee Heung said 3,782 board members had also been blacklisted.

He said the ministry would tighten conditions for housing developer licences to avoid projects from being abandoned.

KUALA LUMPUR: Sunrise Bhd is expecting to extend TIME’s fiber-to-the-home (FTTH) broadband service with speeds of up to 50Mbps to all its properties in Mont’Kiara and Dutamas in Kuala Lumpur, including the mixed-use development Solaris Dutamas by year-end.

TAIPEI: A house price bubble in Taiwan's metropolitan areas is expected to continue as the central bank's latest rate hike will not be enough to cool the property market or check increasing inflows of foreign funds, analysts said.

KUALA LUMPUR: Mutiara Goodyear Development Bhd (Mutiara) is planning to develop a piece of land in Sepang, Selangor in a joint venture with Paramoden Sdn Bhd, a subsidiary of MK Land Holdings Bhd.

Mutiara via its wholly owned subsidiary, Susuran Timur Sdn Bhd has entered into a Joint Development Agreement with Paramoden on Thursday, Sept 30.

KUALA LUMPUR: Kumpulan Hartanah Selangor Bhd (KHSB) is disposing of 17 plots of industrial land in Selangor Halal Hub, Pulau Indah, Selangor for RM57.05 million.

KHSB, via its subsidiary Central Spectrum (M) Sdn Bhd entered into a sales and purchase agreement with Batam Heights Sdn Bhd on September 30, 2010. The leasehold lands measure a total of 67.17 acres.

KUALA LUMPUR: General Corporation Bhd posted a net profit of RM74.30 million for its second quarter (2Q) ended July 31, 2010, on the back of revenue of RM247.59 million

Comparatively, the company recorded a net profit of RM48.55 million and revenue of RM418.16 million a year ago.

PETALING JAYA: A sum of RM102 million will be allocated for 149 local authorities next year to reactivate and expand the Safe City Programme, which was introduced in 2004.

Housing and Local Government Minister Datuk Chor Chee Heung said since 2004, only 39 of the 149 local authorities participated in the programme.

KUALA LUMPUR: Property developer Eastern & Oriental Bhd (E&O) has set a dividend policy to pay out at least 30% of its after-tax profit as dividends, starting this financial year.

“We are in a position to implement this,” said E&O’s executive director Eric Chan at a press conference after the company’s AGM here yesterday.

KUALA LUMPUR: The commercial property market in the Asia Pacific is improving, although most tenants remain focused on cost-savings, according to Colliers International in its 2010 Asia Pacific Asia Office Tenant Survey.

KELANA JAYA: The second International Conference on World Class Sustainable Cities 2010 (WCSC) to be held in Kuala Lumpur on Oct 19 will focus on the need to enhance connectivity within Kuala Lumpur City.