Johor Corp (JCorp) has announced the commencement of key infrastructure developments for the Ibrahim International Business District (IIBD) in Johor Bahru today.

Iskandar Waterfront City Bhd (IWCity) shares fell 7% while Ekovest Bhd dropped 5% on profit taking after the Malaysian Government confirmed IWH CREC Sdn Bhd is allowed to bid for the Bandar Malaysia real estate project again.

Minister in the Prime Minister's Department Datuk Seri Abdul Rahman Dahlan said he plans to propose this to the Cabinet with the hope that it will be implemented in the next three years.

Malton Bhd, the property development company controlled by Tan Sri Desmond Lim Siew Choon, saw its share price rise by as much as 26% to RM1.94 in afternoon trading.

Property and power company Tadmax Resources Bhd is confident of a turnaround this year, backed by earnings contribution from its RM1 billion gross development value Mizumi Residences project in Kepong.

Abdul Rahman said Prime Minister (PM) Datuk Seri Najib Tun Razak had indicated that the Government was soliciting new bids for the planned Bandar Malaysia project on a 194ha (486 acre/21.17 million sq ft) tract within the old airport site in Sungai Besi here because the land's value had increased.

Eversendai said it has been executing projects in India from 2009 and has over the years meticulously learned the intricacies of doing business in the sub-continent.

The Malaysian Institute of Estate Agents (MIEA) will be hosting the Asean Real Estate Network Alliance (Arena) Convention and Exhibition 2017 from Aug 25 to 27, 2017.

Some 70% of the 80,000 units of Rumah Mampu Milik Wilayah Persekutuan, or RUMAWIP, targeted to be built in the Federal Territories (FT) have been or are being developed as of May 2017.

Matrix Concepts Holdings Bhd recorded a 28.9% increase in net profit to RM187.8 million for its full financial year ended March 31, 2017 (FY17), from RM145.7 million in FY16, on increased new sales of its residential properties in Negeri Sembilan and Johor.