Johor’s upcoming administrative and commercial hub One Bukit Senyum has been granted node status by the Ministry of Finance and the IRDA.

Sunsuria Bhd has teamed up with Genlin Development Sdn Bhd to jointly acquire and develop a site in Sentul, Kuala Lumpur into a mixed development.

The group plans to develop four towers of serviced apartments with an estimated gross development value of RM600 million on the land it is buying from Stratmont Development Sdn Bhd.

Datuk Steven Ng: I think it's a good move. The government is trying to address the issue of first time homebuyers.

Meanwhile, Iskandar Waterfront City Bhd (IWCity) shares were up one sen or 0.75% at RM1.34 with 13.3 million shares changing hands.

The purpose of the acquisition and the vendors were not disclosed in the group's announcement to Bursa Malaysia.

Wanda is among five Chinese private companies targeted by Beijing’s regulators in a crackdown on overseas acquisitions.

Gabungan AQRS said that the private placement was to raise funds to pay for its working capital requirements.

According to Second Finance Minister Datuk Seri Johari Abdul Ghani, the definition of affordable housing differs significantly between private and public property developers.

Shares of Iskandar Waterfront City Bhd (IWCity) rebounded 1.50% in active trade this morning afterhaving slumped more than 8% on Tuesday.