News by Justin Lim

In a virtual briefing of E&O'S latest results, managing director Kok Tuck Cheong said that the two towers of serviced apartments located in Penang have been well-received with a take-up rate of 80% for block A of the project since its soft launch in January 2022.

In a bourse filing, the property developer said it plans to issue between 588.87 million and 693.95 million warrants on a date to be announced later. The exercise price of the warrants will also be determined later.

The jobs, involving Package S1-1, Section 1 (Project S1-1) and Project S1-2, were awarded to its wholly-owned Nestcon Infra Sdn Bhd by China Communications Construction (ECRL) Sdn Bhd, Nestcon’s filing with Bursa Malaysia showed

The group on Thursday (Jan 6) entered into an agreement with Granprop Sdn Bhd and Premier Land Resources Sdn Bhd for the acquisition of the 80-acre (3.48 sq ft) land.

In a filing with Bursa Malaysia, Country Heights said it has entered into a memorandum of the contract with the licensed auctioneer, Ng Chan Mau & Co Sdn Bhd, pursuant to the successful bid to acquire the property from Mines Resort Sdn Bhd.

This is the fourth consecutive year that the country’s energy consumption recorded a positive growth. It grew 10.4% to 57,219 ktoe in 2016 from 51,829 ktoe in 2015. It then continued to grow to 62,489 ktoe in 2017 and 64,658 ktoe in 2018.

In a statement, the group said the various stages of movement control order negatively impacted its property investment, recreation and resort operations during the quarter.

The company also foresees a pick-up in transactions before the home-ownership campaign (HOC) ends on Dec 31, 2021, supported by the current low interest environment and its online sales capability.

The development comprises an 18-storey service apartment block, and an 11-storey SoHo block on top of a seven-storey office and medical centre podium with commercial space.