News by Supriya Surendran

The Lifestyle Quarter is a 17-acre mixed-use development comprising six residential towers (TRX Residences), a luxury hotel, park and new city centre retail mall, The Exchange TRX. 

Sime Darby announced on Feb 27 it would be spinning off its plantation and property businesses, by listing the two units separately as Sime Darby Plantation Bhd and Sime Darby Property Bhd on Bursa Malaysia, via share distribution to existing shareholders.

Country Garden Group Malaysia regional president Jason Fu Jinling said that the group sees Malaysia as a long-term investment destination as economic growth in its homeland China has been slowing down.

Rehda says association will ask government to include it in the scheme.

The group’s property division saw an increase in profitability, largely attributable to the RM95 million contribution from the Battersea Power Station project and a gain of RM58 million on compulsory land acquisition for the Damansara–Shah Alam Elevated Expressway .

EPF CEO Datuk Shahril Ridza Ridzuan: Basically they [EPF PR1MA applicants] need to decide what’s more important — the flexibility to use their withdrawals for other needs or for a PR1MA home to live in…

Ekovest Bhd rose as much as 17 sen or 6% after the company declared a special dividend of 25 sen a share to shareholders.

Perbadanan PR1MA Malaysia has submitted a proposal to the government for the moratorium on reselling imposed on buyers of its houses to commence from the date the Certificate of Completion and Compliance (CCC) issued.

Datuk Alex Ooi Kee Liang relinquished his substantial stake in Mega Sun City in November 2015. He disposed of 41.39 million shares, representing a 22% stake in the company.

Sime Darby Bhd’s restructuring plan to create three stand-alone businesses in the plantation, property as well as trading and logistics sectors could lead to a potential de-rating of the stock, say analysts.