The clarification is in response to Tengku Adnan Tengku Mansor’s claims that such groups are set up by “certain quarters” to oppose new developments in KL.

Hening is the last landed development parcel in Precint 16, Putrajaya.

 Japanese billionaire Katsumi Tada has sold Hilton KL to Le Meridien.

At 9.10am, Bina Puri added 0.5 sen to 35 sen with 151,000 shares traded.

Bina Puri said it secured the project through its wholly-owned subsidiary, BP Energy Sdn Bhd.

At 9.15am, IWCity rose 5 sen to RM1.37 with 2.49 million shares done.

Ekovest Bhd has issued a takeover notice to buy a 62% stake in Iskandar Waterfront City Bhd (IWCity) at RM1.50 per share via a cash or a one-for-one share swap deal, and to take the latter private.

The rapid rise of Malaysia’s real housing prices since 2008 could be a source of future instability, the World Bank said in a recent report.

The subsidiary will undertake bored piling, pilecaps and substructure works for four 37-storey blocks of apartments, an eight-storey podium for retail and office space, as well as car park.

Kuala Lumpur city centre’s prime office rents have decreased 0.4% q-o-q in 3Q17.