News by M

Many stakeholders and potential clients still view culture as a “nice to have”—only worth investing in after basic needs are met.

One Sentosa in Taman Sentosa, Johor Bahru, has secured more than 70% take-up for its first phase, Skyline (Eastside).

Eco World Development Group Bhd yesterday exchanged two Memoranda of Understanding (MOUs) with The Musashino Bank, Ltd. (Musashino Bank) and Bugin Regional Economic Research Institute Co, Ltd. (Bugin Institute), respectively.

Epicon Bhd (KL:EPICON) is diversifying into property development by investing RM72.13 million to form a joint venture with NCT Alliance Bhd (KL:NCT) to undertake a terraced home project in Batang Kali.

OSK Holdings Bhd (KL:OSK) said the group is acquiring a 3.3-acre land in Subang Jaya from Tropicana Corp Bhd (KL:TROP) for RM44.34 million to develop serviced apartments.

Located at 333 St Kilda Road, the project comprises 78 residential units and three retail lots on a land area of about 2,000 sq m, 7km from the Melbourne central business district.

Building around the idea of a “landed mid-rise”, DaMai comprises a 17-storey block with 306 units ranging from 2,056 to 5,038 sq ft.

“The group will adopt a prudent approach by leveraging its strategic land bank to develop properties that meet market needs.”

The 7.3-acre site, which comes with a new 99-year leasehold, is designated for an integrated development comprising up to 875 residential units, approximately 12,600 sq m of commercial space, a bus interchange, and a hawker centre.

Country Heights said the full payment of RM142,698 to Fujifilm was settled on Sept 4.