SHAH ALAM: I-Bhd has adopted a new dividend policy. The property developer aims to pay out not less than 30% of its net profit to shareholders starting from financial year 2014 ending Dec 31 (FY14). Chief executive officer Datuk Eu Hong Chew said the goal is to make I-Bhd a strong dividend play in the market.

KUALA LUMPUR:  The controversial reclamation project, known as Forest City and located near the Johor Second Link, is “threatening the existence” of the Port of Tanjung Pelepas (PTP), said DAP Member of Parliament for Kluang Liew Chin Tong.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has won the bid to develop “MX-1”— a coveted 64.1-acre (25.9ha) parcel slated to be the town centre of Kwasa Damansara — with an estimated gross development value (GDV) of over RM7 billion.

Shah Alam: I-Bhd launched a special preview of its i-Suite II residential-cum-commercial development over the weekend.

Designed as a functional home office, the 43-storey i-Suite II tower, comprising 328 units, sits on a 12-acre (4.8ha) plot on the western portion of i-City.

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) expects to recognise income from the PJ Sentral development by the end of this year.

According to management, the group has sold two buildings within the multi-billion development on an en-bloc basis, for a total value of RM489 million.

THE various cooling measures implemented in Malaysia of late have led local real estate agents to seek other options for those looking to invest in property. This has prompted overseas developers to seize the opportunity to market their products in Malaysia.

WITH new highways and public transport systems coming up and the redevelopment of Atria in full swing, property consultants expect the area to become more attractive to real estate investors and end-users when these projects are completed.

THE growth of the Asian economies have drawn many foreign architects to Asian shores, resulting in buildings that may be iconic but do not have relevance to the Asian context or culture, say judges of the AAA. As such, they believe that buildings should be built with the people in mind.

THE idea for the inaugural Architecture Asia Awards for Emerging Architects (AAAEA) came from the “30 Under 40 Emerging Malaysian Architects” exhibition in 2011.

(June 27): A measure of expected swings in Malaysia’s ringgit headed for a ninth weekly drop, the longest falling streak since 2012, as low borrowing costs in developed nations spur demand for emerging-market assets.The Federal Reserve signaled last week that U.S. interest rates will stay low for some time after the end of its bond- purchase program.