NWP has been posting losses since 2006.

According to MRT Corp director of strategic communications and stakeholder relations Datuk Najmuddin Abdullah, the packages will be awarded in 2017.

Melaka-based property developer Yong Tai Bhd has formed a joint venture (JV) with PGCG Assets Holdings Sdn Bhd (PGCG) to undertake a commercial and residential project with an estimated gross development value (GDV) of RM510 million.

Some 29 villages in Penang might face the risk of ‘disappearing’ forever, including its Malay heritage culture, following rampant development projects in the area, say academicians.

Tropicana Corp Bhd is selling a freehold plot measuring 251.6 acres (101.8ha) in Gelang Patah, Johor, for RM569.9 million cash.

Many companies may have painted a gloomy outlook for the domestic property sector, but this is the sector Damansara Realty Bhd is focusing on this year in seeking to return to profitability.

Yap: In the longer term, property in Penang, Johor and Kuala Lumpur will perform well, but more importantly, we need to look at which developer is doing the job.

The economy’s rating is declining to B- from the B+ he gave earlier this year, Yap told TheEdgeProperty.com during a break in his “Thriving In Turbulent Times: The Art of Qi Men Feng Shui” seminar here today.

Property values in Damansara Heights— popularly known as the Beverly Hills of Kuala Lumpur — are expected to hold firm despite tough economic conditions, propped up by new property and infrastructure developments, said property experts.

The proposed development of nine blocks of high-rise homes on a 12-acre parcel next to the Taman Rimba Kiara in Taman Tun Dr Ismail (TTDI) is expected to worsen traffic congestion as the existing transport infrastructure is inadequate, said property agents and consultants.