MRCB’s disposal of Menara Shell within expectations
We estimate that the disposal of Menara Shell will reduce MRCB’s net gearing from the current 113% to 86% on a pro forma basis.
Penang Transport Master Plan welcomed, with caveats
Those who attended yesterday’s open session on the RM27 billion Penang Transport Master Plan were generally welcoming of the ambitious project. They were, however, also concerned about the impact it could have on the homes and the environment.
PROPERTY SNAPSHOT 1: Damansara's northern lights
The areas covered are PJU 9 (Bandar Sri Damansara) and PJU 10 (Damansara Damai), which are collectively called Damansara North for the purposes of this study.
Negeri Sembilan to take back undeveloped land given to ministries or agencies
Menteri Besar Datuk Seri Mohamad Hasan said there were about 10 plots of Putrajaya-owned land that contained failing projects.
PJ mayor’s residence ceded to city council, not ghosts
Petaling Jaya residents want the city council to put the house to good use, including allowing them to use it as a centre for activities, saying it is wasteful for the bungalow in Jalan Tinggi, 6/12 to be left vacant.
Fajarbaru confirms joint bid for RM7 billion Gemas-Johor Baru rail link
Finance director Ooi conceded the need to diversify the business due to increasing competition. “Our business volume may come from construction, but profit may be from other activities. For construction, we try to negotiate better margin and save costs,”
Glomac reduces sales target to RM500 mil
Glomac 1HFY16’s sales of RM80 million accounted for 15% of our target of RM544 million and 13% of the original management’s target of RM600 million for FY16. The management has reduced its sales target to RM500 million due to the soft market and high rejection rate from the banks on mortgage loan applications.http://subscribe.theedgemalaysia.com/
Negeri Sembilan focusing on making PD a tourism hub
The Negeri Sembilan government is focusing Port Dickson as the pulse of the state’s tourism, viewing the seaside town as a short weekend holiday spot, especially for people from Selangor, Kuala Lumpur and Putrajaya.
Management cannot stop foreigners from staying, says buyers association
HBA honorary secretary-general Chang Kim Loong told The Malaysian Insider that the issue of prohibiting “foreigners” was unacceptable.
The winner’s circle
The awards gala night was held on Nov 30 at the Mandarin Oriental in Kuala Lumpur and more than 300 of real estate’s biggest players and experts came together to celebrate the industry’s best and brightest stars.
