Chief operating officer Stewart Tee said Symphony Life was holding back RM2 billion worth of real estate launches in the Klang Valley to focus on existing projects, in view of the current market. Tee said many existing projects were at the foundation stage.
Matrix Concepts announced in April that it was acquiring the 5.8-acre land from IRDK Ventures Sdn Bhd for RM95 million. The deal was initially scheduled to be completed within three months of the announcement.
In a filing with Bursa Malaysia today, Eco World said its wholly-owned subsidiary Paragon Pinnacle Sdn Bhd has signed five separate conditional sale and purchase agreements (SPAs) with four vendors for the proposed acquisition.
Brem non-independent non-executive director Low U Hwa told The Edge Financial Daily yesterday the civil engineering and construction segment had an outstanding order book of RM300 million — mostly governmental jobs — which could support its earnings for the next two years.
The strong global and domestic headwinds that blasted the third quarter of the year and caused equity markets across the world to tumble have left investors jittery, with not much optimism left.
Hunza Properties Bhd is acquiring a 3.924ha piece of freehold land in Bayan Baru, Penang for RM57.02 million cash, on which it intends to build affordable homes.
Milux announced it was partnering with RGF Cabaran Sdn Bhd (RCSB) to jointly develop 12 pieces of land measuring 25,832.31 sq m in Bentong, Pahang, into a residential property consisting of condominiums.