News by M

During a property market slowdown like now, the auction market could be a place to find a bargain.

Vivocom International Holdings Bhd, whose share price has come under selling pressure in recent months, announced that its subsidiary — Vivocom Enterprise Sdn Bhd (VESB)— has been appointed to construct condominium blocks for the 1Malaysia Civil Servants’ Housing Programme (PPA1M) in Perak.

KPJ Healthcare Bhd’s 60.56%-owned subsidiary Perdana Specialist Hospital Sdn Bhd (PSHSB) is purchasing an office building in Kota Bharu, Kelantan for RM6.8 million.

S P Setia, which is preparing to launch its latest two projects in Melbourne, Australia this year, is on the lookout for more land Down Under. 

The five-star Shangri-La Hotel, Melbourne will be housed in one of the two towers at the development.

PRG Holdings Bhd, whose share price hit an all-time high of RM1.07 on June 7, is exploring joint venture (JV) opportunities with Syarikat Perumahan Negara Bhd (SPNB) on affordable housing projects nationwide with combined gross development value (GDV) of RM5 billion.

Reserve price of the MPCorp asset is set at RM255 mil, says source.

The property developer has landbank lasting nine years but wants more

Introduced two years ago, the 6.56-acre project has a gross development value of RM162 million and will comprise 204 luxury serviced apartment units in two 20-storey towers and 58 units of landed strata homes.

Joining the ranks of other sought-after properties in Sri Hartamas is Dorsett Residences, a prestigious high-rise development by Mayland Universal Sdn Bhd (a wholly-owned subsidiary of Malaysia Land Properties Sdn Bhd) with a total development value of over RM600 million.