Ikhmas Jaya gains 3% after piling contract win
Ikhmas Jaya Group Bhd gained 3.23% during the mid-morning session, after the company last Friday announced a contract win worth RM33.8 million.
Frasers Centrepoint to acquire European real estate company for S$471.6 mil
Following the acquisition, Frasers Property has also agreed to make an all-cash offer for the remaining 13.44% free-float interest in Geneba at an equivalent offer price of EUR3.67 per depositary receipt.
Matrix enters into JV with Japan on IBS manufacturing plant
The factory will be located at its Sendayan TechValley, Bandar Sri Sendayan, with a planned capital expenditure (capex) of RM30 million (excluding the cost of a 12-acre [4.86ha] industrial land).
Advancecon seeks to strike balance in revenue mix
The company is en route to a listing on the Main Market of Bursa Malaysia by June this year.
Yong Tai expects to exit garment business by June
Group’s RM9 bil total outstanding GDV will keep it busy for eight to 10 years.
‘S P Setia-I&P viability hangs on execution’
Areka Capital Sdn Bhd chief executive officer Danny Wong said bringing the two major property developers under one roof is seen as streamlining operations.
Living within an education hub
In Singapore, it is unusual to find a private condominium located close to both top secondary and tertiary education institutions. A rarity is the 505-unit The Clement Canopy at Clementi Avenue 1. Since its launch in February, about 50% of the units have been sold. “There is healthy interest across all the unit types from both owner-occupiers and investors,” says Anthony Wong, general manager for marketing at UOL Group.
Symphony Life’s project at Bandar Sunway to tap on student population
Symphony Life Bhd is set to launch its Small-office Home-office (SoHo) development called Union Suites @ Bandar Sunway, Selangor targeting property investors and young working professionals.
Eupe redesigns Cheras residential project
Kedah-based Eupe Corp Bhd has redesigned and renamed its serviced apartment project in Cheras previously known as “The Weave” to “Parc 3”. The change was made in order to develop a product which fits better with the current market conditions, said group managing director Datuk Beh Huck Lee.
Unravelling the knots of property management
Questions from participants of TheEdgeProperty.com Symposium on Property Management 2017 were forwarded to the respective speakers after the symposium on April 8. The speakers have tried their best to reply but due to the number of questions received, some need more time, hence Part 2 of the Q&A will be published next week. Please note that both the questions and answers have been edited for clarity. The answers reflect the personal views of the speakers and do not constitute legal advice.
