News by Wong Ee Lin

London claims pole position in overall rankings at No 1, with Singapore in second place — up from third since PwC’s last study in 2014. Toronto follows at third place, with Paris coming in fourth.

Property developer Magna Prima Bhd said it will be launching the RM220.81 million gross development value (GDV) The View Residence, which will be constructed on its recently acquired Shah Alam land, sometime in the fourth quarter of 2016 (4Q16).

Axis Real Estate Investment Trust (REIT) chief executive officer Leong Kit May knew that the trust has a “gold mine” waiting to be excavated in its 50-acre (20.23ha) property in Klang. So much so that the first development on this land can generate a net yield of nearly 10% over 10 years.

The current figure is 74.5%...

Ekovest said its wholly-owned subsidiary Ekoriver Construction Sdn Bhd had received a letter of acceptance (LoA) from DBKL for the proposed jobs (Package 4A and 4B).

Dragged down by higher property operating expenses due to higher repairs and maintenance costs incurred.

The contract is for the superstructure works for Tower 3 at a mixed office block development at PJ Sentral

UOA Development Bhd's net profit fell 30.34% to RM110.44 million or 6.85 sen a share in its third quarter ended Sept 30, 2016 (3QFY16), from RM158.54 million or 10.52 sen a share a year ago, mainly on marketing expenses, as well as administrative and operating expenses.

In a filling to Bursa Malaysia today, the group said Shaw, 57, has been serving as the CEO of Mulpha Australia Ltd, a wholly-owned subsidiary of Mulpha International, since 2015.