Deputy minister of Federal Territories Datuk Loga Bala Mohan said Kuala Lumpur City Hall (DBKL) will be spending a total of RM92 million to upgrade infrastructure in Kuala Lumpur (KL), to prevent further floods in the future.

Currently, about 90% of the revenue comes from the construction segment, while its development arm TRC Land Sdn Bhd contributes 10% from the group’s revenue.

In FY15, Ho Hup’s net profit gained 8.15% to RM71.11 million, mainly due to the turnaround of its concrete mix division.

Established property company and hotelier, IGB Corp Bhd, is believed to be in talks to dispose of its 20-year-old, 910-room Renaissance Kuala Lumpur hotel to a little-known Singapore company for just below RM800 million. Should the deal materialise, it would create history as the country’s most expensive hotel transaction.

Landmarks Bhd's net loss widened to RM6.59 million, from RM1.54 million in the first quarter ended March 31, 2016 (1QFY16), due to expenses incurred in the course of business commencement and startups.

Koong Wai Seng has been appointed as the new chief executive officer (CEO) of property developer Sunsuria Bhd, with effect from today.

CapitaLand Commercial Trust (CCT) has proposed to acquire the remainder 60% interest in Grade A office tower CapitaGreen for S$393 million.

As it unlocks value of its land bank in Klang Valley, northern region.

Contractor turned property developer CK East Group is looking to officially launch Rencana TTDI, a commercial project on a two-acre Malay reserve parcel in Taman Tun Dr Ismail, Kuala Lumpur, within two months.

S P Setia Bhd is set to launch the first phase of its Setia EcoHill 2 township next month in Semenyih, said executive vice-president Tan Hon Lim.