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Another 500km of roads in Sarawak by end 2012

KUCHING: Sarawak will build another 500 kilometres of new roads in the state by the end of next year, state Infrastructure Development and Communication Minister, Datuk Seri Michael Manyin, said on April 26.

Under the National Key Result Area (NKRA) for a three-year period beginning last year, Manyin said Sarawak was allocated RM2 billion to build roads.

Star Avenue@D’Sara shop offices sold out during official launch

KUALA LUMPUR: Mah Sing Group Bhd has sold all 92 units of 3-storey shop offices at its Star Avenue@D’Sara project in Sungai Buloh with sales reaching RM242.5 million during the recent weekend launch on April 23-24.

Mah Sing’s Chief Operating Officer, Andy Chua said in a statement on April 26 that the launch attracted over 800 prospective buyers.

New Seoul City Hall to use ground heat for energy source

SEOUL: Seoul's new city hall building, which is currently under construction, will be equipped with geothermal warming and cooling systems to reduce energy consumption, Yonhap news agency reported quoting city officials as saying on April 26.

Atrium REIT sees RM2.66m 1Q net profit

KUALA LUMPUR: Atrium Real Estate Investment Trust (Atrium REIT) has posted a net profit of RM2.66 million for its first quarter (1Q) ended Mar 31, 2011, a slight increase from RM2.62 million a year ago on higher income.

IJM's 4Q results likely to be less inspiring

KUALA LUMPUR: Analysts expect IJM Corp Bhd's performance for the first four months of the year to decline from the previous quarter due to provisions for its construction jobs in the Middle East and India.

OCBC offers ringgit loan for London properties

KUALA LUMPUR: OCBC Bank (Malaysia) Bhd now offers mortgage loan facilities in ringgit terms for the purchase of residential properties in sections of Central London in the United Kingdom.

Tower REIT 1Q net profit +19.45% to RM8.5m

KUALA LUMPUR: Tower Real Estate Investment Trust (Tower REIT) has posted a net profit of RM8.5 million for its first quarter (1Q) ended Mar 31, 2011, up 19.45% from RM7.11 million a year ago on higher revenue.

Sustainability vital in construction industry

PETALING JAYA: Sustainability is vital for construction as the industry faces depleting resources, said Construction Industry Development Board Malaysia (CIDB) chairman Datuk Hamzah Hassan.

Chuping Valley development to become economic hub in Perlis

KANGAR: The Chuping new town development, to be called "Chuping Valley" is expected to become the economic hub of Perlis said Menteri Besar Datuk Seri Dr Md Isa Sabu on April 25.

Md Isa said Chuping Valley would be developed as a logistic support centre to compliment Padang Besar which has grown into a booming economic centre in the north border.