Sector is still firmly backed by contractors’ healthy orderbooks that provide two to three years visibility, while its replenishment prospects and earnings were met by most contractors.

Tadmax Resources Bhd has completed the disposal of a parcel of land in Pulau Indah, Selangor to 1Malaysia Development Bhd’s (1MDB) unit Ivory Merge Sdn Bhd for RM294.38 million.

Setia EcoHill 2 has a net sellable area of 501 acres, with 215 acres set aside for strata-titled landed properties. In total, 382 acres will be allocated to residential properties and 119 acres for commercial developments.

OSK Property Holdings Berhad (OSK Property) has been listed on Forbes Asia’s Best Under a Billion 2015.

The property developer, known for the likes of VERVE Suites in Mont’Kiara and Hijauan Kiara, had planned to develop luxury serviced apartments on the 39,354 sq ft parcel.

"If there is any glut, it is limited only to the high-end, high-rise and high-density segment which mainly comprises serviced apartments"

Imperia Building’s selling price represents a 4.2% premium to the market value of RM124.8 million, as appraised by Knight Frank Malaysia Sdn Bhd.

Tadmax Resources Bhd clarified today that the valuation of its Pulau Indah land for sale to 1Malaysia Development Bhd (1MDB) was not subject to approval by the Securities Commission Malaysia (SC).

KUALA LUMPUR (June 30): The scale of 1Malaysia Development Bhd's (1MDB) Bandar Malaysia mixed-use development here may require the combined expertise and financial strength of consortiums to ensure its success.

The Byram and Changkat development is set to transform the old agriculture district into a premier SME (small medium enterprise) high-tech industrial park.