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Putrajaya Perdana unit wins RM287mil job
PETALING JAYA: Putrajaya Perdana Bhd unit Putra Perdana Construction Sdn Bhd has been awarded a RM287.23mil contract for the main building works of Naza TTDI Sdn Bhd’s 50-storey headquarters.

Dorsett plans 10 more hotels in Malaysia
SUBANG: Hospitality player Dorsett International Sdn Bhd aims to add 10 hotels to its existing chain of five hotels and resorts in Malaysia in five years, says president Eddie Tang.

SP Setia sales hit RM1bil in June
KUALA LUMPUR: Property developer SP Setia Bhd’s sales hit RM1.04bil at June 30, well before its financial year ending Oct 31.

Banks positive on household loans
PETALING JAYA: Household loans, notably for residential properties, are expected to drive loans growth for many banks this year, industry players say.

Further easing on property buying by foreigners expected
PETALING JAYA: Analysts believe Prime Minister Datuk Seri Najib Tun Razak will make announcements to further liberalise property ownership by foreigners and boost the attractiveness of Malaysia for investment at the annual Invest Malaysia 2009 conference today.

PNB not likely to take SP Setia private
PETALING JAYA: There is a possibility for Permodalan Nasional Bhd (PNB) to raise its 32.9% stake in SP Setia Bhd to the takeover trigger threshold of 33%, but industry observers believe the investment institution is unlikely to take the property company private or meddle in its affairs.

Supportive plans to buy foreign distributor
GEORGE TOWN: Supportive International Holdings Bhd plans to acquire a foreign supply chain-cum-distribution company this year.

Analysts optimistic market is turning around
HIGH take up rates for some recent property launches could be an early sign that the local property market is bottoming out and is starting to turn around like other regional markets after an 18-month slump, property analysts say.

Too early to rejoice, say developers and consultants
DEVELOPERS and consultancies are taking a cautious stand on analysts’ optimism that the market is finally turning around.

Time to sharpen saws and make a difference
WITH signs of the economy and property market bottoming out in the coming months, developers should get back in shape and ready themselves for a more active pace and competition from their peers.