PUCHONG: All non-Bumiputra lots (about 50%) for the first phase of Sierra 8, a project in the 16 Sierra residential development in Puchong, Selangor by IOI Properties has been booked in its soft launch on Friday Jan 29.

The first phase consists of 147 units of 2-storey terraced houses priced at RM448,900 each with a lot size of 22’ x 75’ and a gross built-up area of 2,257 sq ft.

KUALA LUMPUR: Malaysia Property Incorporated's (MPI) latest Malaysian real estate showcase called "The Best of Malaysian Real Estate 2010" held at the Chennai Trade Centre in Chennai, India, from Jan 22 to 24, has received encouraging response.

PETALING JAYA: Gadang Holdings Bhd, which was listed under the construction sector on the Main Board of Bursa Malaysia, posted a higher net profit of RM3.517 million in its second quarter ended Nov 30, 2009, up 87.67% from RM1.874 million in the preceding quarter.

Its revenue, however, eased by 6.88% to RM62.374 million against RM66.984 million recorded in the same period last year.

KUALA LUMPUR: Sunrise Bhd will be stepping it up a gear this year as it enters its next level of growth. During this “Stage 3” growth period, Sunrise will be building both commercial and residential products in various locations, said executive chairman Tong Kooi Ong (pictured) at an analysts briefing on Jan 28

SHAH ALAM: The Shah Alam City Council (MBSA) is going to the ground to get property owners to settle their assessment arrears which stood at RM54.1 million last December.

MBSA public relations officer Shahrin Ahmad said the first operation was carried out on Jan 19 against nine premises under the industrial and trade category in Section 17, 24 and 25.

KUALA LUMPUR: Following are the highlights of th Malaysian Government's Transformation Programme to improve basic rural infrastructure this year.
* To build 210km of new paved roads in Peninsular, 192km in Sabah and 145km in Sarawak;
* To provide new or restored houses for 5,819 poor and hardcore poor in Peninsular Malaysia, 4,988 in Sabah and 5,819 in Sarawak;

KUALA LUMPUR: Sunrise Bhd posted a net profit of RM34.52 million for the second quarter (2Q) ended Dec 31, 2009 and is upbeat for the remaining second half due to the locked-in unbilled sales of RM714.1 million as at Dec 31, 2009.

BEIJING: China has no plans to introduce a property tax any time soon, a senior official with the State Administration of Taxation said on Jan 28, aiming to clear market uncertainties as the country seeks to reduce risks of a real estate bubble.

SEOUL: A blueprint to construct a new multi-purpose "Robot Land" featuring educational and research facilities as well as an amusement park in the city of Incheon has been revealed.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB), which is up 15 sen to RM1.48 on Jan 28, is seen as a leveraged proxy to the construction and property sector.

At 3.33pm, MRCB rose 15 sen to RM1.48 with 9.35 million shares done.

The FBM KLCI is down 1.91 points to 1,263.86. Turnover was 676.48 million shares valued at RM915 million.