The real estate arm and wholly-owned subsidiary of Yayasan Amanah Hartanah Bumiputera (YAHB), Pelaburan Hartanah Bhd (PHB) has officially launched Mayang Mall in Kuala Terengganu. The mall will be completed by 2020 and managed by Sogo KL.

Mudajaya Group Bhd has bagged a RM58.29 million contract from Prasarana Malaysia Bhd to undertake the supply and delivery of precast pier caps and other related work under Package PC2 of the Light Rail Transit Line 3 (LRT3) project linking Bandar Utama to Johan Setia.

Sime Darby Property Bhd entered into a memorandum of understanding yesterday with MMC Port Holdings Sdn Bhd and India's Adani Ports and Special Economic Zone Ltd to study the feasibility of developing a maritime city on its plot in Carey Island.

The sale is expected to increase the group’s earnings per share by 0.17 sen for the financial year ending Dec 31, 2017 (FY2017), Picorp said in a filing with Bursa Malaysia.

The 92-unit Citadines VN Jardins São Paulo and 122-unit Citadines VN Faria Lima São Paulo are scheduled to open in 4Q2017 and 2020 respectively, both of which will be operated by a local real estate company, Vitacon.

Frasers Centrepoint Asset Management, the manager of Frasers Centrepoint Trust, announced Monday that FCT MTN has issued S$90 million (RM285.5 million) of 2.365% notes due 2020 comprised in Series 011 under its S$1 billion Multicurrency Medium Term Note Programme.

Ascendas Fund Management, the manager of Ascendas REIT, today announced completion of the REIT’s acquisition of Stage 4, Power Park Estate in Melbourne, Australia, from Goodman Dandenong Trust for a purchase consideration of A$24.8 million (S$26.5 million or RM84 million).

Petronas Twin Towers was the Gold winner in the non-strata commercial category. It was also awarded TheEdgeProperty.com Editor’s Choice Award: Iconic Innovation.

Singapore’s property market is expected to benefit from a number of government policy changes that have recently begun to take effect, according to recent research data published by JLL.

Singapore sovereign wealth fund GIC announced Monday that it has formed a joint-venture with Indonesian property developer PT Intiland Development Tbk to own and manage an integrated mixed-use complex in Indonesia.