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Kumpulan Jetson's RM919 mil building subcontract gets rescinded

Kumpulan Jetson Bhd has received a letter from MCC Overseas (M) Sdn Bhd wherein the latter purported to unilaterally rescind the award of a RM919.3 million subcontract to undertake main building works for a mixed commercial project on Jalan Conlay.

REHDA targets RM1 bil sales at MAPEX Affordable Housing carnival

The Real Estate and Housing Developers' Association (REHDA) is targeting to achieve RM1 billion in sales from around 100,000 units ranging not more than RM500,000 at its upcoming 3-day Affordable Housing Carnival — Malaysia Property Expo (MAPEX) from Aug 11 to Aug 13, 2017.

Ascott REIT to divest 2 China properties for S$198 mil

The manager of Ascott REIT says net sale proceeds, estimated to be around RMB 239 million, may be used to pare down the debts of Ascott REIT and its subsidiaries, or fund potential acquisitions and other general corporate purposes.