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Queens Domain apartments showcased in KL

KUALA LUMPUR: Melbourne developers Kangoala Pty Ltd and Property Development Analysis Australia recently showcased their project, Queens Domain, in Kuala Lumpur last weekend. It is marketed by Knight Frank Malaysia.

NCT launches Ion Delemen’s final phase

KUALA LUMPUR: NCT Group of Companies launched the third and final phase of its RM1 billion Ion Delemen development  in Genting Highlands last month.

The project with a gross development value of RM380 million consists of Tower 4 and Tower 7. The latter is up for sale, while Tower 4’s pricing is being finalised.

Introducing the Millennium Tower Boston

BOSTON: US-based Millennium Partners is developing the Millennium Tower Boston, located northeast from New York. The 60-storey skyscraper is designed by Blake Middleton of Handel Architects. The US$630 million (RM2.1 billion) building will comprise 422 high-end residential units, said Richard Baumert, partner at Millennium Partners, in a press release recently.  

CIDB seeks mandatory Qlassic by 2020

KUALA LUMPUR: The Construction Industry Development Board (CIDB) plans to make the Quality Assessment System in Construction (Qlassic) mandatory for all construction projects in the country by 2020, said CIDB senior general manager (development sector) Ahmad Asri Abdul Hamid at a media workshop on Qlassic on Nov 10.

Malton lines up RM1.2b property launches for FY15

KUALA LUMPUR: Builder and property developer Malton Bhd, controlled by billionaire Datuk Desmond Lim Siew Choon, has lined up three new property launches with a total gross development value (GDV) of up to RM1.2 billion for the financial year ending June 30, 2015 (FY15), said its director of corporate finance Ng Chee Kiet.

Eco World exceeds RM2b sales target

KUALA LUMPUR: Eco World Development Group Bhd achieved sales of RM3.186 billion for its financial year ended Oct 31, 2014, surpassing its RM2 billion target.This financial year has a period of 13 months due to the change in its year end from Sept 30 to Oct 31.

Mah Sing makes cash call to trim gearing ratio

KUALA LUMPUR: Mah Sing Group Bhd is making a cash call to raise up to RM630 million, which is the second rights issue for the property developer in less than two years.

S&P’s warning on Chinese property, Russian banks

LONDON: Credit rating agency Standard and Poor’s said on Wednesday that China’s over-priced and over-supplied property market and capital-starved Russian banks were likely to face further downgrades in the coming years.

Mah Sing proposes cash call and bonus issue

KUALA LUMPUR (Nov 20): Mah Sing Group Bhd, whose net profit jumped 21.7% to RM85.9 million in the third quarter ended Sept 30, 2014, is making a cash call to raise up to RM630 million plus bonus issue.

In a filing with Bursa Malaysia, the property developer said its third quarter revenue lept 33% to RM713.6 million, from RM536.5 million a year earlier.