The rights issue has nothing to do with Bandar Malaysia.

Iskandar Waterfront City Bhd fell 3.7% in active trade this morning.

Parties interested to take up the role of master developer for the multibillion-ringgit Bandar Malaysia development in Sungai Besi here have up to June 30 to submit their proposals.

UEM Sunrise Bhd rose as much as seven sen or 5% after the property developer said first quarter net profit rose 1,929% from a year earlier.

Paramount Corp Bhd’s first quarter ended March 31, 2017 (1QFY17) net profit was 14% lower at RM8.29 million, compared with RM9.69 million a year ago, mainly due to absence of a one-off disposal gain from the sale of an apartment last year.

Hua Yang Bhd has ended its 2017 financial year (FY2017) with a profit after tax (PAT) of RM60.7 million, a 44.8% year-on-year (y-o-y) decrease from RM110.1 million.

DBS’s top picks for beneficiaries to the potential relaxation of property measures in Singapore are UOL Group and Frasers Centrepoint even though most developers have re-rated following the positive sentiment in the Singapore property market.

The first phase of Melbourne Square consists of two residential towers with a retail podium and a public park of about an acre. The first tower — East Tower — has already been soft-launched in private previews in Australia since early last month. The preview in Malaysia slated for June 3 and 4 at Grand Hyatt Kuala Lumpur will see the second tower — West Tower — open for sales.

TRX, Bandar Malaysia, Datuk Seri Najib Tun Razak, IWH CREC, KL Internet City

Urban regeneration organisation Think City has embarked on a pilot project to promote the creation of rooftop and vertical gardens in KL city.