KUALA LUMPUR: A 15 year-old company can be considered quite young but for GuocoLand China Ltd (GLC), the property arm of the Hong Leong Group in China, it can boast of tremendous success during that short span of time.

KUALA LUMPUR: Ark Resources Bhd registered a net loss of RM51,000 for the fourth quarter ended Dec 31, 2010 (4QFY2010), compared to net profit of RM953,000 the previous year, on the completion and final account of a project it undertaken during the period.

KUALA LUMPUR: i-City in Shah Alam, famed for its LED light displays, has partnered with Nickelodeon SEA, a leading family entertainment brand to provide on-air, online and on-the-ground activities over the next 12-months, it announced on Monday, Mar 7.

HONG KONG: Chiu Mung-ngor and her husband paid US$3.3 million (RM10 million) for their Hong Kong flat in a luxury apartment block in 2009, lured into buying it partly by its view of the harbour.

Sunway Holdings
Taking On Legoland

THE BUZZ

Last Friday, Sunway announced that it had won a RM258m job for the construction of the Legoland Theme Park (Package 4) in Iskandar, Johor. The project is scheduled for completion on 2 June 2012.

OUR TAKE

TAIPEI: Taiwan stocks closed 0.8% lower on Monday, Mar 7, pressured by construction and transport shares on a planned new property tax and high oil prices.

Fund managers said the main share index would continue to face resistance at the 8,900-point level this week on concerns over high oil prices.

OSK Property Holdings Bhd is putting up its maiden venture Mirage by the Lake in Cyberjaya. The project is designed to create a feeling of living in a castle hidden in the jungle of the smart city.

Positive trend in JB expected to continue
Johor Baru is a city in transition as developments in Iskandar Malaysia enter the implementation stage, says Samuel Tan, director of KGV-Lambert Smith Hampton.

This year is looking to be very busy for Glomac Bhd. The developer is planning numerous launches in its township projects Saujana Bandar Utama in Sungai Buloh and Saujana Rawang in Rawang as well as its niche developments Glomac Damansara in Petaling Jaya, Glomac Mutiara in Mutiara Damansara and Suria Residen in Cheras, among others.

Bandar Saujana UtamaBandar Saujana Utama, Glomac’s flagship township that started in the mid-1990s, sits on a leasehold tract of 1,070 acres in Sungai Buloh, Selangor. The group targets three residential launches this year, the last in the township. “This township is at the tail end of its development,” says Glomac general manager Yap Soon Thai.