KUALA LUMPUR: Dolomite Corporation Bhd will start work on 78 acres of freehold land in Rawang, which it acquired in 2003, into a mixed residential development with a gross development value of RM500 million, the Group announced on Bursa Malaysia on Friday, July 2.

The project is to commence in the 4th quarter of 2010 (4Q2010).

KUALA LUMPUR: Prinsiptek Corporation Bhd disposed of 1.5 acres of Penang land to Tauplene Development Sdn Bhd for RM8.5 million, the company said in a filing to Bursa Malaysia on Friday, July 2.

KUALA LUMPUR: Putrajaya Perdana Bhd is to build the New Intermark Retail Podium and Integra Tower along Jalan Tun Razak, the Group announced to Bursa Malaysia on Friday, July 2.

Through its wholly owned subsidiary Putra Perdana Construction Sdn Bhd, the project will commence on July 14 and is due to be completed on June 15, 2012, spanning a total of 23 months.

KUALA LUMPUR: Gamuda Bhd's property development arm Gamuda Land has seen a 50% take up of its flagship boutique development Valencia's latest phase known as Luc Hillside Bungalows, since its launch in May.

Valencia is situated in Sungai Buloh, Selangor.

CONSTRUCTION - Pursuing the 10MP agenda

PROPERTY : Master Developers Continue To Reap

Property developers continued to shine in 1Q10 results. Results for most property developers came within expectations. Evidence of a recovering market led to several leading developers beating initial sales targets (eg: SP Setia and Mah Sing).

HONG KONG: Hundreds of potential buyers queued overnight to invest in the first residential development launched since tighter measures on marketing tactics were introduced - a sign people are more confident of a fairer sale.

KUALA LUMPUR: When Datuk Seri Najib Tun Abdul Razak announced that residents of Chinese new villages will be given assistance under the 10th Malaysia Plan, many thought it would be in the form of infrastructure development.

SHANGHAI: A new home pricing benchmark has been set in the exclusive Kuala Lumpur enclave of Mont'Kiara: the fourth and final block of Bukit Kiara Properties' Verve Suites, which is being snapped up at prices of up to RM1,580 psf.

KUALA LUMPUR: Over a year after the launch of Green Building Index (GBI), one of the key challenges of adopting green technology remains the cost of construction, said Boon Che Wee, president of Malaysian Institute of Architects (PAM).