News by The Edge Financial Daily

The financing comprises a US$174 million senior construction loan and a US$45 million mezzanine loan.

The first phase on a 100-acre (40.46ha) site will start next year and will take five years to complete.

Located next to a 98-acre natural lake, this gated community offers 32 units of two-storey semi-detached homes (Irdora) and 25 units of two-storey bungalows (Kamelia).

Purchase by Guan Eng for RM2.8 mil a controversy.

Hektar Real Estate Investment Trust (REIT) founder and chief executive officer (CEO) Datuk Jaafar Abdul Hamid will be resigning as the CEO of its management company Hektar Asset Management Sdn Bhd (HAM) on May 1.

The units are designed with green design features, which include a long overhang roof for optimal sun shading, solar panel water heater system, rain water harvesting system, high ceilings and generous window openings.

IJM is the first publicly listed company in Malaysia to introduce Facebook at Work among its employees.

The revision is due to poor retail sales in 2Q and 3Q; expecting growth of 2% this year.

The agreement features a term loan for the purchase of land and a bridging loan for the construction of the development

Sunway said the properties to be developed are targeted at buyers in Malaysia, Singapore and Japan, in accordance with its plan to attract Japanese homebuyers to the Iskandar community