News by Liew Jia Teng

"In terms of retirement tourism, Malaysia ranks very well. In fact, it is the best in Asean. The MM2H and retirement villages are reportedly seeing strong foreign demand."

The share acquisition brought Sultan Ibrahim’s total shareholding in BAssets to 10.09% or 120 million shares.

Sultan Ibrahim likely to continue mopping up more shares in the company — source.

Berjaya Assets is the developer of Berjaya Times Square in Kuala Lumpur, one of the country's largest retail and commercial projects.

Marco Holdings Bhd — the distributor of Casio watches, calculators, digital cameras and musical instruments — plans to expand its business into property development in the next two years.

Eight years ago, when turnaround specialist Datuk Tiong Kwing Hee was headhunted to undertake the restructuring of property developer EcoFirst Consolidated Bhd, he knew it would be an uphill battle.

It features no more than 150 units, to be priced above RM3 mil each.

IOI Properties Group Bhd saw its net profit grow by 64.2% to RM189.57 million or 4.3 sen per share in the first financial quarter ended Sept 30, 2016 (1QFY17) from RM115.48 million or 3.07 sen per share a year ago.

In a filing with Bursa Malaysia yesterday, Seacera said its wholly-owned subsidiary Seacera Properties Sdn Bhd is acquiring the company from two individuals, Ismail Othman and Zainab Mansor.

L&G said the acquisitions will allow the group to purchase sizeable strategically located landbank in the Greater Klang Valley area in an expeditious manner to take advantage of the current property market slowdown.