News by TheEdgeMarkets.com

Sunway Bhd’s acquisition of 5.09 acres of freehold land in Sri Hartamas for RM170 million, with an additional RM50 million if the group managed to increase the development plot ratio (PR), is deemed fair by analysts.

IJM Land Bhd has announced that its 51%-owned UK subsidiary RMS (England) 2 Ltd (RMS 2) has partnered up with UK-based railway company Network Rail to explore development opportunities through Network Rail’s portfolio.

Yong, 48, was appointed to the role on Aug 22, 2022, replacing Choh Kim Chiew and was a member of the Malaysian Institute of Accountants (MIA) and CPA Australia.

Its executive director Noor Azri Datuk Seri Azerai has resigned due to personal reasons and time commitment on other companies. 

There will also be an additional sum of RM50 million deposited by the buyer within three months of completion of the conditions of the agreement.

The increase in the overnight policy rate (OPR) to 3% on May 3 is expected to have an impact on property market activity, particularly residential demand, said the National Property Information Centre (Napic).

TA Securities Research has valued Main-Market bound Radium Development Bhd at 51 sen per share, implying a financial year ended Dec 31, 2021 (FY2021) price-earnings ratio (PER) of 17.1 times, due to strong demand for affordable housing in the capital. 

The NCT group of companies has inked a memorandum of understanding (MOU) with the Social Security Organisation (Socso) to promote employment and enhance talent acquisition in Selangor.

GuocoLand (Malaysia) Bhd has appointed Noorbaizura Hermeyney as its new managing director (MD), succeeding Tan Wee Bee, effective May 18. In a statement on Friday (May 12), the property developer, who is the subsidiary of Singapore-based GuocoLand Ltd, said Tan, 52, will be stepping down to pursue his other personal interests.

Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah and Raja Permaisuri Agong Tunku Azizah Aminah Maimunah Iskandariah hosted a celebratory dinner at the Battersea Power Station on May 10 (Wednesday) to celebrate the success of an exhibition of Malaysian heritage craft titled "Abstract Nature".