On its prospects, WCT said it is confident of achieving satisfactory results for FY16.

Sime Darby president and group chief executive Tan Sri Mohd Bakke Salleh said the group withstood the challenging market conditions and exceeded its KPI targets for FY16, despite the uncertainties caused by commodity price volatilities and the economic situation in its key markets.

Malaysian Resources Corp Bhd (MRCB) has partnered with the Malaysian Institute of Estate Agents (MIEA) to enhance the branding of MRCB’s property products.

Sime Darby said the proceeds from the placement will improve the group's liquidity through the repayment of a substantial portion of the group's borrowings, which will result in interest savings.

A wholly-owned subsidiary of Yongnam Holdings is buying three parcels of industrial land in Johor for RM46.7 million.

“Barring any adverse developments, the group will endeavour to achieve satisfactory performance in 2016.”

Sime Darby Property managing director Datuk Jauhari Hamidi said spanning a total of 360 acres, ALYA Kuala Lumpur has a total gross development value of over RM8 billion.

Hypermarket operator Tesco Stores (M) Sdn Bhd, which posted two consecutive years of losses, expects its performance to improve this year as its three-year transformation plan kicks off and begins to bear fruit.

ECO World Development Group Bhd is scheduled to hand over the first phase of the 1,089-acre Eco Majestic township in Semenyih, Selangor, by October. In addition to landed properties, a couple of high-rise developments have been launched and there are plans for more.

Government plans to build up to 100,000 PPA1M homes by 2018...