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Mitrajaya awarded RM90.5mil LRT contract

KUALA LUMPUR: Mitrajaya Holdings Bhd has been awarded the sub-contract work for LRT (light rail transit) Station 3, 4 and 5, TPSS Kinrara 1 and Kinrara 2, Ampang Line Extension Project from Syarikat Prasarana Negara Bhd.

Hong Kong rents up on foreign financial staff moving from disaster-ridden Japan

HONG KONG: Rents in the expatriate enclave Mid-levels have surged on higher demand from foreign employees in the financial sector relocating to the city from Tokyo, Japan.
Occupancy levels of rental homes have spiked since the 9.0-magnitude quake and its resulting tsunami and nuclear crises in Japan, said Property Report on Mar 28 citing Yonhap news agency.

PJCC to be iconic landmark

PETALING JAYA: PJCC Development Sdn Bhd, the developer of Petaling Jaya Commercial Centre (PJCC), plans to transform its 33-acre tract into an iconic architectural landmark in the city.

Vietnam O&G company to build iconic 79-storey tower in Hanoi

HANOI: Vietnam is poised to see a new iconic development take shape in 2015 as PetroVietnam Construction Joint Stock Corporation (PVC) has announced plans for a 79-storey mixed-use tower christened the Viet Nam Oil & Gas Tower.

Equine buys 126 acres of Batu Kawan land from Penang Devt Corp

KUALA LUMPUR: Abad Naluri Sdn Bhd is buying 126.04 acres of land in Batu Kawan, Penang from the Penang Development Corp (PDC) for RM16.75 million cash consideration.

Equine Capital Bhd said on Friday, April 1, that Abad Naluri would then nominate Penaga Pesona Sdn Bhd – a unit of Equine Capital – to accept the transfer of the land upon the acquisition.

Get a lift to life with Schindler

KUALA LUMPUR: Having a lift in the house may become a norm in the near future as more people realise the benefits of having one. According to Antah Schindler Sdn Bhd managing director Noky Wong, residential elevators are expected to become a trend in homes going forward as they provide a convenience for comfortable living.

Hot spots emerging

KUALA LUMPUR: Corporate confidence is boosting activity in top tier office markets around the world, leading to accelerating early cycle rental growth and robust capital value growth in prime assets, especially where new quality supply is limited, according to Jones Lang LaSalle’s inaugural quarterly Global Office Outlook report.

Sunway REIT buys Putra Place for RM514m

KUALA LUMPUR: Sunway REIT has won an auction to acquire Putra Place, a property previously belonging to Metroplex Holdings Bhd but charged to the bank, for RM513.95 million.

Putra Place is located across from the Putra World Trade Centre in Kuala Lumpur.