GEORGE TOWN: Island Golf Properties Bhd (IGP), a subsidiary of the state-owned Penang Development Corp (PDC), which operated the Bukit Jambul Country Club (BJCC), suffered heavy losses and barely made profits over the past few years, which prompted the state government to outsource the management and operations of the club.

Hitting in Sarawak

A Sarawakian presence

Another road works job for IJM

Secures RM246.7 million road works jobs

SYDNEY: Predicting future house prices is always a gamble, but for a bearish Australian academic who lost a bet that prices would crash, it also involves a trek to the country's highest mountain peak.

KUALA LUMPUR: Ho Hup Construction Company Bhd has been granted a time extension of four months until Aug 4 to submit its revised regularisation plan to Bursa Malaysia Securities for approval.

HONG KONG: Shimao Property Holdings and a Taiwanese company have launched a US$10 billion (RM32 billion) cross-strait fund to identify real estate opportunities in each other's markets.

Shimao chairman Hui Wing-mau and Taiwan-listed Farglory Group have this week set up Straits Construction Investment (SCI) to explore large-scale property investment on the mainland and Taiwan.

SHANGHAI: Real estate investors in Asia and the Pacific expect to see regional property markets returning to normal by 4Q2010, ahead of other regions, according to the findings of Colliers International’s Global Investor Sentiment Survey.

KUALA LUMPUR: A Chinese businesswoman on April 14 filed a RM1 million civil suit against prominent businessman Tan Sri Ngan Ching Wen for breach of contract of a development project in Xi'an Qujiang, China.

Wang Yunzhen, 49, filed the suit at the High Court registrar's office through Messrs Halim Hong & Quek.

KUALA LUMPUR: IJM Corp Bhd has secured two construction contracts in Sarawak valued at RM246.7 million.

It said on Wednesday, April 14 its unit IJM Construction Sdn Bhd had received two letters of acceptance of tender for the Sarawak Public Works Department.