PETALING JAYA: Mah Sing Group Bhd has been named “Best Developer” in the Euromoney Real Estate Awards 2009 organised by Euromoney Liquid Real Estate magazine.

PETALING JAYA: Malaysia has a relatively matured construction industry but the quality of the finished product should not be overlooked, Housing and Local Government Minister Datuk Seri Kong Cho Ha said.

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) aims to bolster its working capital position by raising RM500mil to prepare for high-end property launches worth RM4bil, said executive director Eric Chan.

PETALING JAYA: Sunway Holdings Bhd’s wholly-owned subsidiary Sunway Construction Sdn Bhd has received a letter of award for a contract worth RM147.36mil.

KUALA LUMPUR: Selangor Properties Bhd’s (SPB) net profit surged 182% to RM33.3mil for the third quarter ended July 31 from RM11.8mil a year ago mainly due to foreign exchange gains and higher profits from property development.

AFTER gaining the recognition from Malaysian Book of Records in 2007 for developing Chow Kit’s largest wholesale plaza called Plaza GM, TSI Group Malaysia is now developing the largest wholesale city in Malaysia and Asean.

WHEN Islamic home financing came on the scene, interest rates were neither as low, nor as attractive, as today. House buyers opt for them because the “interest”, or what banks called “profit sharing”, was capped at 10%.

THE 2nd edition of CIMB Bank’s Perfect Livin 2009 Home and Lifestyle Exhibition raked in the ringgits even while its credit card holders enjoyed discounts of up to 70% for the products and services offered.

DESPITE the economic slowdown, response to the RM140mil Boulevard Condominium in Bandar Baru Air Itam, Penang, has been encouraging with 60% of its 420 units sold so far. Its developer, Reka Indah Development (Penang) Sdn Bhd, said that the freehold units, with built-up areas of between 936 sq ft and 1,200 sq ft, were selling fast.

AFTER 14 years of waiting, construction work on the Kinrara-Sri Manja interchange in Puchong has finally started. The RM13.6mil project started last month and will be completed by October next year, said Malaysian Highway Authority director-general Datuk Ismail Mohd Salleh.