According to sources quoted by The Edge Financial Daily, the developer is believed to have found a strategic investor to pump in fresh capital to kick-start land reclamation for Phase 2A of the Seri Tanjung Pinang (STP) development — part of the remaining 760-acre STP project.

The Federal Territories Ministry plans to create a package that will benefit developers in terms of reducing cost and be time efficient when constructing affordable houses for the people. 

According to sources, a large local fund has been in talks with E&O on taking up an equity stake in the sea-fronting development project near Penang island. The project, Phase 2A, involves reclaiming 253 acres (102.38ha) of land, which has an estimated gross development value of RM20 billion.

The Boss Service Suites is possibly seeing some light at the end of the tunnel as several property developers have offered to step in to rescue the abandoned development in Klang.

Bintai Kinden Corp Bhd has bagged a S$14.2 million (RM44.94 million) contract to undertake subcontract works, including maintenance for mechanical and electrical works at the existing Raffles Hotel and Shopping Arcade in Singapore.

Sitting on a 9.6-acre freehold site in IOI Resort City, The Gems will comprise eight blocks with units ranging from 1,250sq ft to 1,750 sq ft, IOI Properties said in a press release today.

QL Resources Bhd has disposed of its remaining shareholding of about 38% in QL KK Properties Sdn Bhd for a cash consideration of about RM7.3 million, in line with the group’s strategic review to focus on its core business.

The 2.8km interchange is a joint-venture project between IJM Land Bhd and Amona Development Sdn Bhd, the joint developers of Pantai Sentral Park.

500 units of Mah Sing’s first RUMAWIP project taken up in two hours.

List Sotheby’s International Realty said it is timely and strategic to capitalise on Singapore’s position as a global financial hub and the growing number of affluent individuals in the region.