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MBAM urges IFAWPCA to produce guide on ‘Construction for a Greener World’

PETALING JAYA: The Master Builders Association Malaysia (MBAM) has urged the International Federation of Asian and Western Pacific Contractors’ Association (IFAWPCA) to produce a guide on “Construction for a Greener World” to help its members adopt green construction principles into their business.

36,000 Class F contractors in dire straits

IPOH: Some 36,000 Class F contractors nationwide may have to close shop due to lack of business as government projects have been slow in coming.

Perak Malay Contractors Association president Datuk Jamaludin Abdul Rahim said the 2,800 Class F contractors in the state were fully dependent on the government for construction jobs.

New home prices benchmark

SHANGHAI: New home prices breached the 23,000 yuan (US$3,367) psm barrier for the first time last week amid abundant supply.

21,611 NEAC housing units available for sale in KL

KUALA LUMPUR: A total of 21,611 of 29,562 People's Housing Programme (PPR) units of the National Economic Action Council currently managed by the Kuala Lumpur City Hall (DBKL) are available for sale to existing tenants, the Dewan Rakyat was told Tuesday, April 20.

India central bank raises rates, Australia poised for more

MUMBAI/SYDNEY: India raised interest rates for the second straight month on Tuesday (April 20) and Australia signalled it may tighten policy further as the region's economies rapidly recover, putting pressure on policymakers to keep inflation in check.

China Construction 2009 earnings more than double

SHANGHAI: China State Construction Engineering Co said its 2009 net profit attributable to investors including extraordinary items rose 108.7% to 5.73 billion yuan (RM2.69 billion) from its restated 2008 earnings, propelled by a property boom.

China tightens rules on pre-payments for new properties

BEIJING: China has ordered property developers not to accept pre-payment for uncompleted homes without official approval, the latest in a series of moves aimed at quelling the red-hot real-estate sector, state media reported.

Mah Sing Group eyeing more land to boost property business

KUALA LUMPUR: Mah Sing Group Bhd is actively scouting for more land to meet market demand for its award winning property products.

The company is boosting its business development activities to reach owners of land with good development potential for outright sales or joint ventures.