News by Chester Tay

Asley Furniture HomeStore is an exclusive provider of furniture from Ashley Furniture Industries Inc

For the second quarter ended June 30, CMMT’s distributable income was marginally lower at RM38.78 million, down 1.2% from RM39.25 million. 

Takaso said it intends to finance the development cost through fund raising exercise, internal funds and bank borrowings, which has not been finalised at this juncture

Grand Prestige has been named as one of the defendants, together with the vendors of the said land, said Mah Sing

Bina Puri said the resort will have 150 rooms, a banquet hall that can hold up to 300 guests, restaurant, retail areas and a swimming pool.

Pavilion Damansara Heights is a mixed-use development located in Jalan Damanlela, Pusat Bandar Damansara here, less than 10km from the Petronas Twin Towers. CPPIB said the location is well connected by a network of highways and strategically served by two upcoming mass rapid transit stations within walking distance from the development.

In a filing with Bursa Malaysia, Acoustech said it has entered into a conditional share sale agreement (SSA) with JM Cemerlang’s owner, namely Teo Chai Hock and Lee Boon Leng, for the proposed acquisition.

"There is a strong need to reform the supply side and to enhance its capacity to develop a sustainable and responsive housing sector."

In a filing with Bursa Malaysia today, LBS said the HK$80 million would finance the special dividend within five months.

Nexgram group executive director Alan How noted that the consultant’s fee for a property development project is usually in the range of 8% to 12%. Based on estimated total construction costs of RM906 million, Nexgram’s consultation fee could increase to as high as RM108 million.