Putra Perdana Construction Sdn Bhd (PPC), the construction arm of Putrajaya Perdana Bhd which is bidding for RM4.5 billion worth of projects in the next two months, is targeting another record year in its current financial year ending Dec 31, 2016 (FY16), driven by its firm order and tender books.
IOI Properties Group Bhd will embark on its third property project in China, after winning the tender to acquire a 6.2-acre (2.51ha) parcel of leasehold land in Xiang An central business district in Xiamen, China, for 2.32 billion yuan (RM1.4 billion).
A one-minute drive from customs, immigration and quarantine complex connecting Singapore and southern Peninsular Malaysia, One Bukit Senyum will be Johor Bahru’s new central business district when it is fully completed in 2021...
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.
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