News by M

Property developer Hua Yang Bhd is acquiring a 3.8-acre parcel of land in Bandar Meru Raya, Perak, which will be developed into a mixed project with a gross development value (GDV) of RM295.1 million.

Sunway Real Estate Investment Trust’s (REIT) nine-month of financial year 2017 (9MFY17) realised net income (RNI) of RM200.6 million came in within expectations, making up 74% of consensus and our estimates.

Currently, OWG has 15 family attractions at The Top since opening in mid-December 2016. Two remaining attractions, Penang State Gallery and Top Boutique Aquarium, are scheduled to open in July 2017.

It is proposing to buy assets in Malaysia and Australia, pay special dividend.

1MDB's chairman said the Bandar Malaysia project will go ahead.

ARA Asset Management, the Singapore manager of REITs, is said to be eyeing the purchase of 320 Pitt Street, a major tower located in Sydney’s central business district which is being sold by a fund managed by Propertylink Group.

Ekovest Bhd, which saw its share price plunge as much as 29.4% today, said it views the sell-down as a "temporary phenomenon".

The Bank of Maldives has put Mahadhdhoo Island in Gaafu Alifu Atoll, Maldives up for sale.

Incorporated in 2013, EWI currently has three ongoing development projects in London, one in Sydney and a site in Melbourne that is being acquired. EWI’s three development projects in London are held through a 75%-owned joint venture (JV).

Ikhmas Jaya Group Bhd has announced that it on Tuesday agreed and accepted the terms and conditions of a letter of award from Pelaburan Hartanah Bhd to carry out site clearance, earthworks, piling (bore) and pile cap works for a shopping complex in Terengganu worth RM62.4 million.