KUALA LUMPUR: WCT Bhd and Iskandar Investment Bhd will jointly develop and co-own 1Medini, the first residential development in Medini which has a gross development value of RM600 million.The companies said on Wednesday, Oct 28 1Medini, when completed by 2015, would comprise of 1,332 units of condominium, a 68,800 sq ft commercial area for local retail businesses.

KUALA LUMPUR: Wholly owned subsidiary of Iskandar Investment Bhd, Medini Land Sdn Bhd and WCT Bhd have signed a partnership to jointly develop and co-own 1Medini, the first residential development in Medini, which is in the Iskandar’s Islamic finance hub in Johor.

KUALA LUMPUR: Mah Sing Group Bhd announced the acquisition, via its wholly owned subsidiary Sierra Peninsular Development Sdn Bhd, of a plot of prime land in Petaling Jaya measuring 19.6 acres. The land was acquired from Panasonic HA Air-Conditioning (M) Sdn Bhd for RM89 million.

KUALA LUMPUR: SP Setia Bhd's subsidiary is teaming up with China's Hangzhou Ju Shen Construction Engineering Ltd to undertake a mixed real property development project in XiaoShan, Hangzhou.It said on Wednesday, Oct 28 its subsidiary, Setia (Hangzhou) Development Co.

KUALA LUMPUR: S P Setia Bhd's subsidiary is teaming up with China's Hangzhou Ju Shen Construction Engineering Ltd to undertake a mixed property development project in XiaoShan, Hangzhou.

KAMPAR: A committee headed by Education Director-General Tan Sri Alimuddin Mohd Dom will investigate the collapse of a suspension bridge over the Kampar River at a school near here on Oct 26 in which one pupil drowned and two others have gone missing.

PUTRAJAYA: Putrajaya Holdings Sdn Bhd is planning to start construction a commercial project adjacent to Alamanda shopping complex in Precinct 1, Putrajaya sometime next year, said chief executive officer Datuk Azlan Abdul Karim.

Azlan said the company plans to build “a big box retail area” that is designed for retailers of home furnishing and electrical goods.

KUALA LUMPUR: Jetson Construction Sdn Bhd, in a joint venture with Medallion Builder Sdn Bhd, has been awarded a contract of approximately RM104 million to undertake the proposed rehabilitation of a housing project at Bukit Cerakah, Daerah Kuala Selangor, Selangor.

KUALA LUMPUR: Ireka Engineering & Construction Sdn Bhd has acquired three units of condominiums at Seni Mont’Kiara from Amatir Resources Sdn Bhd for RM5,067,700, the former announced on Oct 26. The development consists of 605 condominium units in four residential tower blocks.   

KUALA LUMPUR: IJM Land Bhd led real estate stocks lower and builders fell after Prime Minister Datuk Seri Najib Tun Razak imposed a capital gains tax on property and the government cut development spending.

IJM Land, Malaysia’s fifth-biggest developer, slid 2% to RM2.44 at 10.28am on Oct 26, outpacing the FTSE Bursa Malaysia KLCI Index’s 0.4% decline. IGB Corp lost 3.3% to RM2.07.