OVERWEIGHT

OVERWEIGHT

• Prime Minister, Najib Tun Razak unveiled 10MP yesterday, unveiling some plans that could provide further boost to the property sector. Nonetheless, there were no surprises as most of it has been mentioned previously.

Goh Ban Huat Bhd (GBH) aims to venture into property development in the next three to five years as it mulls over various types of developments for its 14.86 acre-land parcel in Segambut, said its director Thor Poh Seng.

A real estate fund management company affiliated with Hong Kong’s Cheung Kong Group, which is controlled by property tycoon and the world’s 14th richest man Li Ka-shing, is bidding for the second phase of the 1 Mont’ Kiara (1MK

KUALA LUMPUR: The Master Builders Association Malaysia is expected to benefit the most from the 10th Malaysia Plan (10MP) financial allocations in the next five years.

KUALA LUMPUR: Building and housing industry players welcomed the move by the government to rationalise and streamline the role of federal agencies involved in public housing under the 10th Malaysia Plan (10MP).

KUALA LUMPUR: The government has to tread with caution in the implementation of the 10th Malaysia Plan (10MP), said investment analysts.

One analyst contacted believe that implementation of projects such as the development of governments lands in Kuala Lumpur will revitalize the city's property sector.

KUALA LUMPUR: Foreign investments will be crucial for the 10^th Malaysia Plan (10MP) to succeed, said Kumar Tharmalingam, Chairman of real estate consultancy Hall Chadwick Asia Sdn Bhd.

KUALA LUMPUR: Several companies bought back shares yesterday, as listed on Bursa Malaysia on June 10. Glomac Bhd bought back a total of 36,000 ordinary shares of RM1.26 each, purchased for RM46,453.54. Eastern & Oriental Bhd also did the same, buying a total of 275,000 shares for RM252,158.73.

KUALA LUMPUR: Major property developers in the country are optimistic over the prospects of being part of public-private partnerships to develop key projects identified under the 10^th Malaysia Plan (10MP).

S P Setia Group Bhd president and CEO Tan Sri Liew Kee Sin said it is keen to pursue the opportunity to participate in the these projects.