KUALA LUMPUR (Jan 13): Both SP Setia Bhd and Sime Darby Bhd will have to justify the need for a merger of their property businesses, as both firms have no apparent need for such a move, an analyst said today.

KUALA LUMPUR (Jan 13): SP Setia Bhd, the country's largest property company by market capitalisation, saw the launch of its 3-storey terrace houses dubbed "Caffra" fully taken up, as well as its 3-storey semi-detached Serrata homes 95% taken up, at Precinct 11, Setia Alam, Selangor within a day on Sunday.

KUALA LUMPUR (Jan 12): Eco World Investment Co Ltd (EW Investment), a private vehicle controlled by Tan Sri Liew Kee Sin and Datuk Voon Tin Yow, will develop three large scale residential projects in London together with the Ballymore Group, with a total gross development value (GDV) of £2.2 billion.

KUALA LUMPUR (Jan 12): SP Setia Bhd has appointed PNB Merdeka Ventures Sdn Bhd CEO Tengku Datuk Abdul Aziz Tengku Mahmud to its board as a non-executive director, the group told Bursa Malaysia today.

PNB Merdeka Ventures is a wholly-owned unit of Permodalan Nasional Bhd, which is responsible for the development of the 118-storey Warisan Merdeka project.

KUALA LUMPUR: Media-shy, hot-shot developer Datuk Sean Ng Yee Teck, 43, will be throwing an exclusive “party of the century” on Jan 23 at the site of the Empire City development located along the Lebuhraya Damansara-Puchong (LDP) highway.

KUALA LUMPUR (Jan 9): Mah Sing Group Bhd has fixed the issue price for its proposed rights issue at RM1.42 per rights share, at an entitlement basis of 3 rights shares for every 10 existing shares held.

The entitlement basis for the warrants has also been fixed at 3 free warrants for every 10 rights shares subscribed, with the exercise price of the warrants fixed at RM2.63 each.

KUALA LUMPUR (Jan 9): Kimlun Corporation Bhd has been awarded two projects with a collective contract value of RM110.6 million.

The first contract worth RM63.6 million and awarded by Tentu Teguh Sdn Bhd — a subsidiary of United Malayan Land Bhd, entails the main building works for 89 units of factories in Johor Bahru, which are expected to be completed in December next year.

KUALA LUMPUR (Jan 9): Eastern & Oriental Bhd rose as much as 5.36% or 12 sen to RM2.36 today, after the property developer fixed the ex-date and entitlement date for its bonus issues and warrants yesterday evening.
 
The counter eased to RM2.33 as at 2.32pm, after some 1.36 million shares changed hands, giving it a market capitalisation of RM2.59 billion.
 

KUALA LUMPUR (Jan 9): KSL Holdings Bhd rose as much as 9% as investors chased the property developer's shares to be entitled for its dividend.

RESALE prices at luxury projects in neighbourhoods popular among foreign buyers took a hit in 2014, raising concerns that foreigners could exit Singapore’s real estate market en masse.

Last year saw several high-end apartments in the city state’s exclusive enclave of Sentosa Cove and the highly sought-after address of Orchard Road sell at hefty losses.