News by M

Approximately 27,000 trees are cut daily for paper production, equivalent to 9.8 million trees annually.

Majestic Gen Sdn Bhd’s Majestic Yu, a landed residential development in Seremban, has been 80% taken up since its launch in June, according to a press statement on Wednesday.

Many stakeholders and potential clients still view culture as a “nice to have”—only worth investing in after basic needs are met.

One Sentosa in Taman Sentosa, Johor Bahru, has secured more than 70% take-up for its first phase, Skyline (Eastside).

Eco World Development Group Bhd yesterday exchanged two Memoranda of Understanding (MOUs) with The Musashino Bank, Ltd. (Musashino Bank) and Bugin Regional Economic Research Institute Co, Ltd. (Bugin Institute), respectively.

Sunway City Sdn Bhd’s 100%-owned subsidiary, Sunway Iskandar Development Sdn Bhd (SIDSB), has made its first issuance of Tranche 1 Series 1 Sustainability medium-term notes (MTN) of RM230 million in nominal value under its MTN programme.

Epicon Bhd (KL:EPICON) is diversifying into property development by investing RM72.13 million to form a joint venture with NCT Alliance Bhd (KL:NCT) to undertake a terraced home project in Batang Kali.

KIP Real Estate Investment Trust’s (KL:KIPREIT) trustee, Pacific Trustees Bhd, has completed its acquisition of an industrial property in Bintulu, Sarawak, for a total purchase consideration of RM28.7 million.

OSK Holdings Bhd (KL:OSK) said the group is acquiring a 3.3-acre land in Subang Jaya from Tropicana Corp Bhd (KL:TROP) for RM44.34 million to develop serviced apartments.

Located at 333 St Kilda Road, the project comprises 78 residential units and three retail lots on a land area of about 2,000 sq m, 7km from the Melbourne central business district.