KUALA LUMPUR: Hua Yang Bhd saw an increase of 48%, or RM37.22 million, for its revenue in 1Q2010, compared to RM25.17 million in the same quarter last year. It profit before tax stood at RM6.75 million.

KUALA LUMPUR: Sarawak-based builder and property developer Naim Holdings Bhd, via its unit NCSB Sdn Bhd, has entered into a memorandum of understanding (MoU) to construct Gaddafi Tower, a 50-storey tower in Tripoli City Centre, Libya.

KUALA LUMPUR: Amidst the controversy surrounding the Selangor state government and its illegal sand mining issue, the Master Builders Association of Malaysia (MBAM) has suggested that the government to issue more licences to sand mining operators.

KUALA LUMPUR: The recent fuel subsidy cut will result in higher construction costs leading to possibly higher property prices, said industry players.

Expressing its concern over the subsidy cut, Master Builders Association Malaysia (MBAM) secretary-general Yap Yoke Keong said the move could result in more expensive building materials due to an increase in transportation rates.

KUALA LUMPUR: Thirty-seven developers are showcasing 40 over property projects in the Klang Valley at the Malaysia Property Exposition (Mapex) 2010 from Friday, July 16 till Sunday at the Mid Valley Exhibition Centre.

KUALA LUMPUR: Bina Puri Holdings Bhd's joint venture with UEM Construction Sdn Bhd (UEMC), a UEM Group Bhd subsidiary, has been appointed the main contractor for the construction of KL International Airport (KLIA) New Permanent LCCT complex at the KLIA.

The total contract value is RM997.23 million.

KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT), the country's largest shopping mall real estate investment trust (REIT), makes its debut Friday on the Main Market of Bursa Malaysia at 98.5 sen, a 1.5-sen discount over its institutional offer price of RM1 per unit.

KUALA LUMPUR: A iProperty.com consumer trends survey for the first half of this year showed more Malaysians looking to property for investment.

The online survey conducted on the iProperty.com Malaysia website, had the participation of 500 respondents and was aimed at getting key insights into Asian property buyers, including motivations for purchasing property and budgets.

KUALA LUMPUR: Olympia Industries Bhd on Thursday, July 15 said it has agreed to the terms and conditions on the appointment of Messrs Rahim & Co to conduct a second valuation on Menara Olympia and the adjoining leased car park.

KUALA LUMPUR: KFC Holdings (Malaysia) Bhd has acquired an additional 10 million units of Al-Aqar KPJ REIT from the open market for RM10.35 million cash.

In a statement on Thursday, July 15, KFCH said the investment offered a better return of about 7.3% (based on the current dividend yield) than the fixed deposit interest rate of about 2.5% to 3%.