News by M

Tan Sri Liew Kee Sin can breathe a sigh of relief. The listing of his overseas property development outfit, Eco World International Bhd (EWI), is now on firm footing with Tan Sri Quek Leng Chan’s GuocoLand Ltd set to take up a strategic 27% stake.

CapitaLand Ltd has announced the appointment of Andrew Lim as its new group chief financial officer (CFO) with effect from Jan 1, 2017.

Mah Sing Group Bhd launched its inaugural Lock & Roll deferred financing campaign last weekend where Mah Sing homebuyers can now own their new homes once they have paid the booking fee of RM10,000.

Businessman Tan Sri Desmond Lim Siew Choon is performing a corporate manoeuvre that may unlock value worth billions after emerging as the largest shareholder in WCT Holdings Bhd last Tuesday, say sources.

It is safe to say that private developers have been subdued post-Budget 2017. Industry players, investors and homebuyers had been looking forward to some goodies, particularly initiatives that would increase liquidity such as the easing of lending regulations and a bigger Employees Provident Fund Account 2 allocation. Instead, the thrust of the budget is to address the needs of those in the bottom 40% income group, specifically affordable housing.

Avillion Port Dickson has emerged as the winner of the Luxury Spa Hotel category for Malaysia at the recent World Luxury Hotel Awards 2016 in Doha.

Gross revenue was 1.1% under the forecast US$28.5 million at US$28.2 million, as recoverable property operating expenses were lower than forecast due to lower recovery revenues.  

“The capsule homes, manufactured in Guangzhou, are around two metres long and 1.1 metres high, or about 25 sq ft.”

The DAP’s Tony Pua questioned as to why the Malaysian government was awarding the 600km East Coast Rail Link (ECRL) project to China Communications Construction Company (CCCC) at RM55 billion or RM91.7 million per kilometer without any open competitive tender exercise.

"Our unbilled sales as at Nov 1 is RM1.45 billion and we are confident of achieving our sales target," said LBS' managing director Tan Sri Lim Hock San.