Instead of declining, rate of increase will slow, says Rehda.

Berjaya Assets executive director Koh Huey Min said it has been successful in refurbishing the asset, since acquiring it from Atlan Holdings Bhd for RM325 million in 2012.

ML Global has bagged a demolition and reconstruction works contract for Menteri Besar Selangor Incorporated (MBI Selangor) worth RM38 million.

Aegis Ltd has expanded its presence in Malaysia with the opening of its new Business Process Management (BPM) Centre of Excellence (COE) in Medini City.

Selangor Properties Bhd has awarded the main building contract for its luxury condominium development Aira Residence to Grand Dynamic Builders Sdn Bhd.

The walkway between Mah Sing Group Bhd’s D’sara Sentral development in Sungai Buloh, Selangor and the Kg Selamat MRT station has been completed.

Matrix Concepts Holdings Bhd announced the proposed acquisition of 21 parcels of 132 acres (53.4ha) of agricultural land in Port Dickson for RM57 million from individual landowners.

Eastern & Oriental Bhd shareholders have approved the disposal of a 1.445 million-sq ft plot in the Seri Tanjung Pinang phase 2 project for RM766 million.

Industry players also cite financing and shift in demand for poor uptake.

Datuk Pretam Singh: In Singapore, if you don’t pay service charges, your property will be put up for auction.