Overseas Property Investment

The most recent brunei property investment news from a variety of international property news sources.

MIRI: Bina Puri Holdings Bhd’s subsidiary, Bina Puri (B) Sdn Bhd has secured a total of RM1.1bil worth of projects in Brunei. Bina Puri (B) Sdn Bhd chairman Datuk Ali Abdullah in a Q&A session in Kuala Belait, Brunei on Friday said the company had an unbilled portion totalling RM265mil until 2013. He said it [...]

The company expects 2011 to be one of its better years since its listing in 1995, says Bina Puri’s group managing director BINA Puri Holdings Bhd, which is expanding its business, is bullish that revenue will surpass RM1 billion this year, its chief said. “This year is all about execution of projects and finishing existing [...]

Bina Puri Holdings Bhd announced today the acquisition of nine ordinary shares of B$1.00 each in Bina Puri Properties (B) Sdn Bhd, a company incorporated in Brunei. This represents 90 per cent of the total issued and paid-up share capital of B$10 for cash consideration of B$9.00 (equivalent to RM20.81), Bina Puri Holdings said in [...]

Bina Puri is in talks with local developers and foreign parties for the Kota Kinabalu project which will feature hotels, resorts, high-end condos and villas. Bina Puri Holdings Bhd is planning a luxury resort development in Kota Kinabalu that could cost more than RM1.5 billion. Bina Puri Construction Sdn Bhd (BPCSB) managing director Datuk Henry [...]

Bina Puri Holdings Bhd, one of the largest construction groups in the country, has won a RM185 million contract from Mayland View Sdn Bhd to build a 38-storey serviced apartment building in Jalan Kuching, Kuala Lumpur. It beat companies like the China-listed Beijing Urban Constructive Group Ltd and local construction and engineering firm Setiakon. The [...]

BINA Puri Holdings Bhd, one of Malaysia’s largest construction groups with RM4.2 billion jobs in hand, will continue to aggressively tender for new projects to sustain growth in earnings and bring the group to a higher level. It has ongoing projects in Malaysia, Pakistan, Thailand, Brunei and Abu Dhabi, but is aiming for more work [...]

GEORGE TOWN: If each of the 11,738 participants of the Malaysia My Second Home (MM2H) programme between 2002 and 2008 were to invest in a residential property, the country would have recorded RM7.8bil worth of sales from them. But the actual sales amounted to RM407mil as only 510 of them bought houses during this period. [...]

BINA Puri Holdings Bhd, a construction group in which tycoon Tan Sri Syed Mokhtar Al-Bukhary holds a minority stake, is increasingly looking towards the Middle East to replenish its order book amid the global slowdown. Already, it has bid for some RM2.5 billion worth of jobs including the construction of high-rise residential and office towers [...]

French multinational corporation, Accor Group is eyeing Malaysia for its economy hotel chain, Ibis Hotel, given the rising interest in the country as a top tourist destination in the region. Ibis is Accor’s economy hotel brand, which has expanded rapidly around the world and become the European market leader in the economy hotel industry and [...]

KKIP Sdn Bhd (KSB), developer of the Kota Kinabalu Industrial Park (KKIP) in Sabah, will launch four housing projects worth RM220 million within the 1,344.51ha integrated park, its chief said. From June this year, KSB will offer 750 houses, priced from RM190,000 to RM500,000 each. They include apartments, terraced and semi-detached houses, bungalows and townhouses. [...]