1MDB said potential purchasers were invited to register their interest with Savills (M) Sdn Bhd, which is advising 1MDB on the exercise.

Acknowledging the soft property market, Asian Pac's managing director Datuk Mustapha Buang said the company is looking to launch its condominium project Damansara 8 @ Damansara Damai, a mixed-development project in Kepong and 30 units of shop offices in Phase 2 of Dataran Larkin in Johor, in financial year 2016 ending March 31, 2016 (FY16).

The draw which takes place on three occasions — Sept 19, Oct 31 and Dec 12 — is an extension of the Setia’s 40th anniversary celebration and falls under the banner of ‘Jet Set with Setia’ campaign.

Chairman of Eco World Foundation Tan Sri Lee Lam Thye expressed his gratitude to the foundation’s donors. “We are indeed honoured to see our many generous donors who believe and subscribe to the aims of our foundation. Your support provides us with the inspiration to continue our mission of charity for the benefit of the community,” he said.

It saw a net profit of RM23.51 million on a revenue of RM270.19 million in FY15.

Nexgram group executive director Alan How noted that the consultant’s fee for a property development project is usually in the range of 8% to 12%. Based on estimated total construction costs of RM906 million, Nexgram’s consultation fee could increase to as high as RM108 million.

Since the announcement of the 10-year Genting Integrated Tourism Plan (GITP) on Dec 17, 2013, Genting Highlands and nearby Gohtong Jaya have seen a number of new developments.

MBAM and 26 trade partners discussed several issues at today's MBAM Affiliate Dialogue 2015. Among them is the appeal to the government to extend the status of foreign workers under the 6P programme, which will expire at the end of this year.

Eco World said it achieved RM1.02 billion sales in 3QFY15; RM673 million came from projects in the Klang Valley and RM311 million was contributed by projects in Iskandar Malaysia.

The 35,011 sq ft site, at the junction of Queen Astrid Park and Coronation Road West, is currently occupied by a single-storey detached house.