PETALING JAYA: Tengku Abdullah Sultan Abu Bakar has been appointed chairman and director of DutaLand Bhd effective Oct 3, the company told Bursa Malaysia.

EVEN with the economy showing signs of mending, property developers are continuing to woo buyers with special housing packages/promotions to boost sales. Some of these come in special loan packages, others through lucky draws and freebies like housing appliances such as air-conditioners and wardrobes. And evidently, they are working.

MALAYSIANS can count ourselves lucky as the country is sheltered from major natural disasters such as typhoons and earthquakes and we have relatively safe abodes and buildings that do not easily collapse when there are tremors.

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%.