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.

KUALA LUMPUR: WCT Bhd has been awarded a contract on Feb 8 by MAF Investment Bahrain BSC (C) to undertake fit out works for Bahrain City Centre Hotels via its WTC's 50%-owned company, Cebarco-WCT W.L.L.

HONG KONG: Knight Frank, an international property consultancy said the average rent of Grade A offices in the island state will rise 15% this year. This is due in part to the rise in the number of foreign companies being set up in Hong Kong and this uptrend is expected to continue in 2010, which will further fuel demand for office space.

DENGKIL: Housing and Local Councils Minister Datuk Seri Kong Cho Ha said 1,345 developers and more than 5,000 directors of such companies involved in problematic projects have been blacklisted.

Kong said it did not only involve housing projects that were abandoned but also involved housing projects that were not completed on schedule.

KUALA LUMPUR: Hunza Properties Bhd's mid-term earnings outlook is now seen to be more positive, supported by improving property sales and better progress billings, according to OSK Research.

KUALA LUMPUR: The early casino licence approval for Resorts World at Sentosa (RWS), is a positive development for the company.

The market only expected the Singapore casino to open by March 2010 due to potential delays.

BEIJING: Industrial and Commercial Bank of China (ICBC) said it will halt lending to property developers that are hoarding land and may even call back some loans, in a bid to guard against credit risks.

Feb 1 to 7: Lower on market correction

• Mixed week amid continued global equities correction

KUALA LUMPUR: Mah Sing Group Bhd is acquiring 19 acres of land in the Hicom industrial estate in Shah Alam for RM45.5 million and to be developed into an industrial park with a potential gross development value of RM143 million.It had on Monday, Feb 8 entered into a sale and purchase agreement with Quill Industrial Properties Sdn Bhd to acquire about 19.18 acres of prime freehold industrial lan

KUALA LUMPUR: Diversified plastic and property corporation Mah Sing Group Bhd has embarked on a land acquisition trail in early 2010, beginning with 19.18 acres of prime freehold industrial land in Shah Alam, Selangor.