KUALA LUMPUR: Strong gains in the prices of selective residential properties are starting to raise fears of a bubble hence while a lowerl loan-to-value ratio (LVR) rate for banks would be negative for the property sector, CIMB Research viewed it as a “necessary evil”.
KUALA LUMPUR: Ivory Properties Group Bhd plans to build residential condominiums and commercial complex with a with an estimated gross development value (GDV) of RM368 million on a proposed site in Tanjong Tokong, Penang island
KUALA LUMPUR: Bina Puri Holdings Bhd’s wholly owned subsidiary, Bina Puri Construction Sdn Bhd has been awarded a RM95.7 million project in Kuching, Sarawak.
The company said on Wednesday, Sept 15 that the project known as ‘Package 4’ is a construction and completion contract of the proposed 13-storey Plaza Merdeka Commercial Complex/Hotel at Pearl Street.
HONG KONG: The good news first: people who invested in bonds issued by newly listed China developers are getting record high interest rates. But the bad news is that the risk of losses on these bonds is mounting as the housing market shows signs of slowing.
KUALA LUMPUR: Advance Information Marketing Bhd (AIM) stands to recieve a net gain of RM1.6 million from the disposal of its property in Shah Alam for RM6.6 million cash.
In a Bursa Malaysia filing on Tuesday, Sept 14, the group said that it had received a letter dated Sept 8 from Usaha Citra, requesting for the EGM.
KUALA LUMPUR: The global average price of hotel rooms rose 2% in the second quarter (2Q) of 2010 compared with rates a year earlier, due to stronger demand from both leisure and business travellers, according to Hotels.com Hotel Price Index for 2Q2010.
In a Bursa Malaysia filing on Tuesday, Sept 14, the group said it had acquired the company from Teow Gek Keo.
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