CapitaLand, CapitaLand Commercial Trust, Mitsubishi Estate have formed a joint venture to redevelop Golden Shoe Car Park (GSCP) into a landmark integrated development in Raffles Place, which is estimated to cost a total of S$1.82 billion (RM5.67 billion).

At 9.21am, MPCorp rose 3.5 sen to 15.5 sen, with 325,400 shares traded.

Under the agreement, MPCorp shall hold up to 35% in the JV company while the remaining 65% will be held by Chun Fu.

Ivory, Taman Segar Management and Upper Label will work together to re-develop the project land by demolishing three existing blocks of 300 units on the land and build at least 800 units...

“The financial impact on the group is not expected to be material as [WCT] believes it has good grounds to defend and oppose the claims…”

BCB Bhd will be launching Broadleaf Residences at its 150-acre Home Tree township development in Kota Kemuning, Shah Alam by end-August.

Mah Sing Group Bhd is still on the lookout for more potential land buys.

From a year ago, resale prices were 2.2% higher, also mainly led by the CCR and RCR.

Damansara Realty Bhd expects to record operating profit in the current financial year ending Dec 31, 2017.

In May, Metronic appointed Ferrier Hodgson MH Sdn Bhd as a special auditor to conduct a two-month thorough review of its projects and transactions to identify any irregularity in the company’s transactions.