MIRI: Sarawak is introducing an urban renewal policy aimed at re-developing certain sections of cities and towns in the state that have turned into slums.

State Housing and Urban Development Minister Datuk Amar Abang Johari Tun Openg said on Feb 9 the policy included re-developing deplorable housing estates to

make way for better and environment-friendly neighbourhoods.

With its KL Sentral project due for completion in a few years, it is crucial for MRCB to formulate a new strategy in order to continue its legacy in the property sector.

19.18ac freehold industrial land acquired in HICOM Industrial Estate, Shah Alam, making it Mah Sing Group’s (MSGB) first acquisition for the year and the 6th local landbank purchase in the last six months. The land was acquired from Quill Industrial Properties Sdn Bhd for a purchase consideration of RM45.5 million.

GEORGE TOWN: E & O Bhd's RM1.8 billion Quayside seafront luxury condominiums officially launched on Feb 7 (Sunday) has reached 50% in sales for its
first block of 298 units.

Initially, E & O hoped to achieve 50% sales within two months after the official launch for the units priced between RM765,000 for a 1-bedroom unit to RM4.3 million for a penthouse.

SINGAPORE: Singapore is set to open its first casino as early as this weekend, the city-state’s latest roll of the dice in its efforts to turn from a staid manufacturing hub to an Asian playground for the rich.

KUALA LUMPUR: Rentak Arena’s Templer Hills, consisting 30 units of 3-storey and 25 units of 4-storey freehold bungalows near Selayang in Selangor, is almost 50% sold since its launch on Jan 23. Templer Hills, with a gross development value of RM99 million, is priced from RM1.5 million to RM2.8 million.

KUALA LUMPUR: OSK Research is maintaining a Buy on WCT as it is one of the research house's top sector picks as it envisages more positive news for the company.

The research house said on Tuesday, Feb 9 that WCT's 4Q FY09 results will be released on 24 Feb, which it expects to be in line with its forecast.

PUTRAJAYA: Malaysia's administrative capital of Putrajaya will have its first commercial green building in the commercial precinct of Precinct 2 by 2012.

KUALA LUMPUR: Country Heights Holdings Bhd (CHHB) has been slapped with a RM22.6 million bill by the government for real property gains tax (RPGT) for assessment years 1993, 1998 and 1999.

GUA MUSANG: The Education Ministry will terminate the contracts for 45 projects under the Ninth Malaysia Plan which have not been completed on time, its deputy minister Dr Mohd Puad Zarkashi said.

He said that of the projects, 21 were school buildings while the rest were quarters, hostels, canteens and various types of buildings.