IOI Properties said it received valid applications for 1.51 billion rights shares over the total amount of 1.1 billion rights shares available for subscription.

After making payments for their Forest City properties, these mainland investors are now faced with the grim prospect that they cannot send money out of China to continue making payments or even get their money back, the South China Morning Post (SCMP) reported.   

Two sellers made profits of more than S$2 million (RM6.3 million) each in the week of Feb 21 to 28. Both transactions involve aged developments and the sellers had purchased their units at a bargain. Meanwhile, three other sellers netted profits of more than S$1 million that week.

The launch will mark the start of the e-Lelong Operations Centre that will oversee all public auctions of immoveable properties held throughout Peninsular Malaysia, in stages.

The two 46-storey towers consist of 328 units with built-ups ranging from 2,346 sq ft to 3,474 sq ft. They are priced at RM800 psf.

At Parliament today, Fadillah said the government has discussed with various stakeholders of the construction industry, and has committed to greater adoption of IBS going forward.

Keppel Land on Sunday said it had acquired an additional 16% stake in the joint venture (JV) entities for Saigon Centre in Ho Chi Minh City, Vietnam.

A report by real estate publication The Real Deal said that Miami Dade’s County Commission’s transportation committee had “unanimously agreed” to lease the public asset to the conglomerate for 90 years.

Gabungan AQRS Bhd rose 2.27% this morning after the company announced its plan to dispose of a 5.15-acre piece of land in Petaling, Selangor for RM34.7 million.

Still, prioritising its M&E and construction businesses does not mean the property division will come to a halt.