News by The Edge

Sunsuria attributed the higher revenue and profit to its ongoing property development projects.

The sharp fall was mainly because of a bargain purchase gain of RM92.2 million in the takeover of The Nomad Group Bhd in the previous corresponding quarter.

Putra Perdana Development (PPD), a green property developer in Putrajaya, Precinct 16 — known for its development of energy-efficient lakefront bungalows — said in a statement on Saturday that it had completed the handover of units to home owners of its Danau Mutiara development project.

The award is for Phase 1 of the construction of roads and bridges from Sg Awik to Bintangor Junction in Sarawak.

CIMB Group Holdings Bhd has joined other banks in lowering its base rate (BR) by 20 basis points (bps) for loans or financing products for its Malaysian business.

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.