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FEDERAL Furniture Holdings Bhd Sdn Bhd is looking at a 10% revenue growth in the financial year ending 2004 through the expansion of its furniture installation business in residential and commercial projects, said managing director Choy Wai Hin.
THE property sector is hoping that the government will extend its incentives, especially the stamp duty waiver, to a wider range of properties in Budget 2004.
Home prices, down 33% from a 1996 peak, could fall a further 5%-10% following a dramatic revamp announced last week of the state-run Central Provident Fund (CPF), according to an analyst at ratings agency Standard Poor's (SP).
GUTHRIE Property Development Holding Sdn Bhd will be well-placed to enhance its position as a leading property player when it becomes a listed entity after a proposed rationalisation.
A 163.05-acre lake-front parcel, the last undeveloped precinct in the south of Bandar Sunway, will be developed into a high-end exclusive residential development with limited commercial components.
Federal prosecutors have launched a criminal probe into Freddie Mac just days after the No. 2 US mortgage finance company cleared out its senior management over accounting irregularities.
WITH the property sector expected to benefit from the government#039;s stimulus package to be announced by the Prime Minister today, players in the sector are proposing measures that range from grants to first-time house buyers to a stamp duty waiver for purchasers of residential property.
GAMUDA Land, the developer of Bandar Botanic, an integrated township 6km outside Klang, Selangor, expects to hit RM150mil in sales with its BBHOMES scheme.
THE newly amended Housing Deve-lopment Act (HDA) has tightened regulations for property developers and would be good for house purchasers as they are now much better protected, according to MK Land Holdings Bhd executive director Datuk P. Kasi.
B>NEW YORK/B>: US consumers felt their gloomiest in almost a decade in February, unstrung by talk of war and a grim job market, but that did not stop them buying homes at a record pace.