News by M

Eco World Development Group Bhd (EcoWorld) will hand over 612 terraced houses at Cradleton Precinct in Eco Majestic, Semenyih, this April.

The first phase of construction of the RM21 million duty-free complex Tioman Gateway in Tioman Island, Pantai Tekek is expected to begin this month and the whole project is scheduled to be completed in 1Q2018.

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded work packages worth a total of RM2.74 billion to four companies for the MRT2 construction.

The jewel of Sarawak conglomerates, Cahya Mata Sarawak Bhd, focuses on a wide range of businesses — cement, construction materials and trading, construction and road maintenance, information and communications technology, property development and strategic investments.

Iskandar Waterfront City Bhd (IWC) shares, which resumed trading yesterday following the announcement that it is merging with its parent Iskandar Waterfront Holdings Bhd (IWH), climbed as much as 10.4% before paring some of the gains to settle at RM1.76 — still up 12 sen or 7.32% compared with its last traded price last Friday.

Property developer LBS Bina Group Bhd has proposed a rights issue to raise up to RM165.6 million to fund its projects and general working capital requirements.

Hong Kong-listed Country Garden Holdings Co Ltd has closed all sales centres in China for its Forest City housing project in Johor, according to a South China Morning Post report yesterday.

Sony Interactive Entertainment recently passed the 50 million mark for the PlayStation 4 (PS4) consoles sold since the gaming console was officially made available in November 2013.

Every country has its own set of challenges but among the main hurdles faced by investors, including Malaysians, when it comes to investing in properties overseas are financing and legal issues. This was raised during a forum at the recent two-day Malaysian Annual Real Estate Convention 2017 (MAREC‘17), organised by the Malaysian Institute of Estate Agents (MIEA) on March 3 and 4.

Iskandar Waterfront Holdings Sdn Bhd (IWH) says its Bandar Malaysia land is also included in the corporate exercise announced yesterday which involves the group merging with Iskandar Waterfront City Bhd (IWC).