KUALA LUMPUR: Harmony Residence in Penang has already achieved a take-up rate of 70%, said Boon Siew Group's property division executive director Alfred Chew.

The condo project — developed by Boon Siew Group via its unit Taman Sri Bunga Sdn Bhd — is currently under construction on an acre of freehold land at Tanjung Bungah, Penang.

KUALA LUMPUR: The Gamuda-MMC partnership stands a strong chance of bagging the tunneling works worth RM14 billion for the whole KL Mass Rapid Transit (MRT) project, as Gamuda is probably the only local contractor qualified for the task.

OSK Research said in its research report that Gamuda's track record includes the SMART Tunnel, Penchala Tunnel and Kaohsiung MRT.

BEIJING: Beijing has again told local authorities to step up efforts to curb excessive land price increases that have contributed to higher housing prices.

The Ministry of Land and Resource has told local governments to "pay a close attention to real estate market movements and to firmly implement regulatory and control measures" as a way to cool down heated bidding for land.

LONDON: CB Richard Ellis (CBRE) has won the "Best International Property Consultancy" of 2010 title at the International Property Awards, it announced in a press statement dated Dec 13.

Gamuda
On track for MRT role

IJM Corporation
On a Winning Spree

Last Friday, IJM announced that it had won a RM461m contract for Phase 3 of the Platinum Park development by Naza TTDI. Its job wins so far into FY11, totaling RM1.84bn, have beaten our RM1.5bn target. Potential jobs in the pipeline include high-rise buildings in KL, Kelau Dam, West Coast Expressway and LRT packages.

KEN Holdings Bhd managing director Kenny Tan and his son, Sam, who is executive director, do not believe in doing things by halves. At KEN Rimba in Section 16 Shah Alam, the duo is not only developing the country’s first green township, but is also creating an address for green-related businesses.

Would you pay thousands of ringgit, on top of skipping what you do for a living for several days, to have the inside track on real estate investment?
Many of us wouldn’t, but there are those who do not baulk at such investments because of the potential returns from bricks and mortar.

The Phoenix Plaza shopping mall in Cheras, Kuala Lumpur, is undergoing a RM150 million makeover. Malaysia Land Properties Sdn Bhd (Mayland) plans to reopen the 16-year-old complex with a new name and concept.

The suburbs of Bandar Utama, Mutiara Damansara and Desa ParkCity has seen property values rise steeply over the years.