KUALA LUMPUR: UEM Land Holdings Bhd does not expect the proposed property tax hike in Johor to affect foreign appetite for its projects in Iskandar Malaysia, said CEO Datuk Wan Abdullah Wan Ibrahim.

UEM Land is seen as a proxy developer to Iskandar Malaysia, which has seen a flurry of new projects initiated since last year involving both local and foreign companies.

KUALA LUMPUR: Hartalega Holdings Bhd is spending RM1.9 billion to set up a new factory that will quadruple its annual capacity to 38.2 billion rubber gloves over the next eight years from 9.7 billion currently.

DATUK Alex Ooi, chairman of Penang-based developer Ideal Property Group, comes from a family of developers. In fact, he is the third generation of developers in his family — his grandfather started developing properties in 1968 and his projects include Taman Guan Joo Seng in Green Lane, Minden Heights, Reservoir Garden and Western Garden in Penang.

YNH Property Bhd will start work on the much-awaited Menara YNH in Kuala Lumpur as soon as it secures anchor tenants for the planned office and shopping mall project with RM2.1 billion gross development value (GDV) — which is 2.6 times its current market capitalisation — its top officials say."We're in no hurry to start the development of this project.

KUALA LUMPUR: Construction firm Pesona Metro Holdings Bhd has bagged a RM87.15 million contract from Putrajaya Holdings Sdn Bhd, said the company in a filing with Bursa Malaysia.

KUALA LUMPUR: Shareholders of Benalec Holdings Bhd voted overwhelmingly in favour of the disposal of three parcels of land valued at RM96.95 million to companies that one of its executive director and a major shareholder have interests in.