S P Setia acquires 265.7-acre land in Johor S P Setia Bhd is purchasing a 265.7-acre piece of land in Johor Baru for RM125.78 million, it announced on Jan 28. On the same day, its unit Setia Indah Sdn Bhd entered into a conditional sale and purchase agreement with Kenyalang Property Development Sdn Bhd for the land, which will be developed into a mixed residential project.

Ireka bags RM27.58 million job from VietnamIreka Corp Bhd's wholly-owned subsidiary Ireka Engineering and Construction Vietnam Co Ltd has been awarded a contract by Vietnam-based Hoa Lam-Shangri-La Healthcare LLC to construct the proposed City International Hospital worth RM27.58 million in Hi-Tech Healthcare Park (IHHP) in Ho Chi Minh City.

Prasarana’s property play Syarikat Prasarana Negara Bhd is firming up plans to develop property projects along the proposed Sungai Buloh-Kajang mass rapid transit (MRT) alignment, which will allow the government to directly benefit from the expected surge in property value. Prasarana is a government-owned entity that owns assets and provides public transport services.

Sunway unit gets RM37.4m job to upgrade Ipoh airportSunway Holdings Bhd’s wholly-owned subsidiary Sunway Construction Sdn Bhd has secured a contract worth RM37.36 million from the Ministry of Transport for the proposed upgrading of the Sultan Abdul Aziz Shah Airport in Ipoh.

KUALA LUMPUR: The death toll has doubled to four and two more people are feared to have drowned as the flood situation in Kedah and Perlis continued to worsen this evening, with almost 50,000 moved to relief centres.

KUALA LUMPUR: The proposed acquisition of Sunrise Bhd by UEM Land Holdings Bhd will enable Sunrise to realise its value over a shorter period of time while allowing it to be part of a potential regional player, said Sunrise executive chairman Datuk Tong Kooi Ong.

KUALA LUMPUR: UEM Land Holdings Bhd, the master developer of Nusajaya in Johor is wooing investors from countries other than the Middle East.

Its managing director and chief executive Datuk Wan Abdullah Wan Ibrahim said it will send a team to the US next week to present its flagship Nusajaya project to an investor.

KUALA LUMPUR: Bank Negara Malaysia's (BNM) move to place a limit on the loan-to-value ratio (LVR) for people taking out third mortgages will not have a drastic impact on demand for mortgage loans, said research houses.

BNM yesterday imposed a maximum LVR of 70% for a third and subsequent housing financing facility taken by a borrower.

KOTA KINABALU: Come next year, civil servants can expect speedy approval for housing loan applications.

According to Sabah Treasury housing loan division secretary, Datuk Shuib Md Yusop, reduced approval time was possible through full implementation of the housing loan e-Form early next year.

Averting The Risk Of Mania

THE BUZZ