Latest news

Shares of Iskandar Waterfront City Bhd (IWCity), which has been hit by the termination of its Bandar Malaysia deal earlier this month, were back on the uptrend today on fresh buying interest.

Sime Darby Property’s KL East head of township Mohd Shahreza Maswan told TheEdgeProperty.com that there will be a total of 254 serviced apartment units with three unit sizes — 650 sq ft, 850 sq ft and 865 sq ft. Indicative prices are from RM900 psf.

“As the Vietnam government is unable to proceed with the resettlement of the current occupiers, the land will not be handed over to Gamuda Land Vietnam for development,” read the statement.

The cluster homes in Opal 2 will have built-ups starting from 2,228 sq ft on land sizes of 32 ft x 70 ft and 36 ft x 70 ft. The semi-detached units are on a land size of 32 ft x 80 ft each. Prices start from RM788,000.

The new phase called Dahlia comprises 2-storey terraced homes with built-ups ranging from 1,943 sq ft to 2,741 sq ft. Sitting on 14.1 acres of freehold land, there will be a total of 170 units in this phase with prices starting from RM585,000. The total gross development value (GDV) of phase four is estimated to be RM108.1 million.

WTH and WTID directly hold 222.37 million and 91.94 million WTM shares respectively, representing a total of 66.13% of the voting shares of WTM.

The group — the third company troubled by IRB this month — said it disagrees with the decision, and will appeal accordingly.

The model would be about leasing such land based on fixed monthly rental.