KLCC Property Holdings Bhd (KLCCP) closed its first financial quarter ended March 31, 2017 (1QFY17) with lower net profit of RM176.73 million or 9.79 sen a share, down 3.3% from RM182.75 million or 10.12 sen a share in the previous corresponding quarter.

Matrix said it has lodged with the Securities Commission Malaysia to establish a sukuk wakalah programme, which will have a tenure of seven years.

CIDB has taken legal action against the main contractor of KL Eco City development in Bangsar, Kuala Lumpur, for safety negligence in the collapse of a link bridge that caused the death of a site worker.

UOA Development Bhd’s net profit fell 55% to RM43.38 million in the first quarter ended March 31, 2017 (1QFY17), from RM96.08 million a year ago, as revenue declined.

Bukit Pelali at Pengerang is the 363-acre project that is Pengerang’s first strata township.

Econpile Holdings Bhd has bagged a RM48.5 million contract for piling, basement and substructure works in the first phase of a mixed development from Pembinaan Kery Sdn Bhd.

Gabungan AQRS Bhd expects to finalise the planned sale of its land in Dengkil, Selangor to PR1MA Corp Malaysia within the next three weeks under a proposed joint venture (JV) to develop affordable housing there.

Singapore-listed property construction and development company Koh Brothers Group Ltd announced its maiden foray into the Korean real estate market with the purchase of a prime freehold site in the heart of the famed Gangnam-gu district in Seoul, South Korea.

The Asia Young Designer Award 2017 (AYDA 2017) is now open for entries.

“We are planning to launch three new projects by December this year, one of which [will be our first venture into] the affordable housing segment which will be located in Selayang,” Yap told reporters after UOA’s annual general meeting here today.