News by M

Berjaya Corp Bhd (BCorp) intends to raise its stake in its 63.05%-owned subsidiary Berjaya Land Bhd to 75.05% for RM419.11 million or 70 sen per BLand share.

Glomac said the company’s higher revenues for both the latest quarter and half-yearly period were driven by progress billings in its key ongoing projects such as Lakeside Residences, Saujana Rawang, Glomac Centro and Reflection Residences.

 JCSB is the legal owner of 10 parcels of land measuring 608.63 acres (246.3ha) located in Serendah, Selangor.

The projects that gained the most in capital value are well-located. Residents at Pelangi Damansara (16.9% y-o-y) and Surian Condominium (13.4% y-o-y) will soon be able to walk to the Mutiara Damansara MRT Station, while residents at 1 Bukit Utama (16% y-o-y) will soon benefit from both the 1 Utama LRT and MRT interchange.

Naza TTDI will work on a 12.7-acre residential development that will comprise 278 residential units in Kwasa Damansara.

The management of Alam Prima condominiums in Shah Alam, Selangor, says it is not against foreigners living there, despite it displaying banner over its main entrance clearly stating that foreigners are not welcome.

Kampung Baru has long been coveted by developers for its high-value land and strategic location.

Hong Leong Investment Bank Bhd said in its reports today the joint venture (JV) would enable WCT to reduce its net gearing from 77% to 68%.

The partnership will be effected via their investments into the joint venture company (JVco), PanaHome MKH Malaysia Sdn Bhd, which will be established by the end of December.

Proposed Bayan Lepas alignment part of first phase of Transport Master Plan