DBS also expects developers to pump more capital into the local property market which is ending a period of oversupply amid a stable environment.

The anti-graft body’s chief commissioner Datuk Dzulkifli Ahmad said the man was held at 4am at the MACC’s Putrajaya Office where he had gone to provide a statement.

The proposed disposal is in line with Paramount’s aim to pursue an asset light strategy and monetise its real estate assets through a sale-leaseback transaction.

Hotel resort Lexis Hibiscus Port Dickson saw its official opening yesterday.

The case is being investigated under Section 15 of the MACC Act 2009. 

Eowon Architects Sdn Bhd has been awarded the third prize in the Architecture Categories Competition of the annual International Design Awards for The Galleria project.

Sime Darby said its wholly-owned subsidiary Sime Darby Property Bhd inked the share sale agreement with PNB's unit PNB Development Sdn Bhd.

Kerjaya Prospek also announced today that its 70%-owned subsidiary Future Rock Sdn Bhd has accepted a letter of award from China Communications Construction Company (M) Sdn Bhd for a sub-construction job in Penang worth RM45.95 million.

The other members of the consortium are HPRY Holdings and some other investors.

BGMC provides a wide range of construction services and capable of undertaking public-private partnership projects based on the build, lease, maintain and transfermodel...