News by Meena Lakshana

The construction arm of Sunway Group was relisted on Bursa Malaysia on July 28, after it was privatised 11 years ago.

E&O deputy managing director Eric Chan said yesterday the company is looking to attract buyers from Southeast Asia and East Asia for its products.

Khazanah Research Institute managing director Datuk Charon Mokhzani warned that Malaysians will not be able to afford properties if escalating housing prices are not contained.

 Selangor Properties recorded a 4.96% increase in revenue to RM24.76 million in 3QFY15 compared to RM23.59 million in 3QFY14.

Acknowledging the soft property market, Asian Pac's managing director Datuk Mustapha Buang said the company is looking to launch its condominium project Damansara 8 @ Damansara Damai, a mixed-development project in Kepong and 30 units of shop offices in Phase 2 of Dataran Larkin in Johor, in financial year 2016 ending March 31, 2016 (FY16).

Pavillion REIT said its manager, Pavilion REIT Management Sdn Bhd, has entered into a conditional sales and purchase agreement (SPA) with Equine Park Country Resort Sdn Bhd and Revenue Concept Sdn Bhd to acquire the five-storey shopping mall and two levels of basement car park located on 3.45ha of freehold land in Subang Jaya.

The board will present a detailed policy direction on the full implementation of the building information modelling (BIM) system — under which, such 3D plans will be created — at the upcoming launch of the Construction Industry Transformation Programme on Sept 10.

Revenue for 1QFY15, however, declined 46.9% to RM68.89 million from RM129.74 million for 1QFY14, the property developer’s filing with Bursa Malaysia showed yesterday.

BCorp said the proposed subscription will also increase its landbank and portfolio of properties owned, which include The Ritz-Carlton Residences in Malaysia

Daya Materials said upon disposal of the stake, Semangat Global will cease to be a joint venture company of Daya Land & Development