WCT Holdings Bhd is looking to sell off some assets to raise more than RM500 million, the proceeds of which it expects to use to reduce its net gearing to 0.5 times from 0.8 times currently.
Deputy Works Minister Datuk Rosnah Abdul Rashid Shirlin said this cost included the cost of resolving caveat or objections in acquiring the land.
As it unlocks value of its land bank in Klang Valley, northern region.
Changes to cover subdivided buildings and underground land.
RAM expects the consumer and business sentiment to remain muted amid a slowing economy while lending conditions are likely to stay tight, thus presenting another challenging year for the property sector.
Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) is inviting bidders to submit business proposals and bids for 41 retail units at 21 elevated stations along the MRT Sungai Buloh-Kajang Line.
Luster said its indirect wholly-owned subsidiary Pembinaan LSP Jaya Sdn Bhd (PLSP) had signed a tripartite agreement with landowner Aznel Development Sdn Bhd (ADSB) and Kohama for the proposed development.
Increasing the loan tenure will further add to the cost of financing.
Selangor Properties Bhd (Selangor Prop) expects the group's earnings growth to remain flat in its current financial year ending Oct 31, 2016 (FY16), as the group, which has not launched new products for some years — though it has a luxury condominium planned this year — continues to rely on its property investment as its major income stream for now.
Fiamma chief executive officer and group managing director Jimmy Lim said leading the launch is a 43-storey apartment project called East Parc @ Manjalara here, which has a GDV of more than RM300 million.
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