2016 Year in Review: Your favourite content

Exopuri Development Sdn Bhd has signed a management agreement with InterContinental Hotels Group (IHG) to manage the 288-room Holiday Inn & Suites at Juru Sentral, Central Seberang Perai, set for completion in 2019.

Transactions in commercial and investment properties are anticipated to be priced 10% to 20% below their perceived market value in 2017, said Knight Frank Malaysia managing director Sarkunan Subramaniam in a press release on Knight Frank’s real estate round-up of 2016 and outlook for 2017, today.

Shares in Berjaya Corp Bhd (BCorp) rose 1.49% after its net profit for the second quarter of financial year 2017 increased 44% year-on-year due to improved contribution from its property investment and development business segment.

Lower sales from Second Chance Properties’ apparel, properties and securities business cut its 1Q17 net profit by half to S$1.26 million from a year ago.

Country Heights Holdings Bhd says its subsidiary Country Heights Sdn Bhd (CHSB) is appealing against the High Court's order to pay RM22.49 million worth of tax liabilities to the Inland Revenue Board (IRB).

Berjaya Corp Bhd (BCorp) reported a 44% year-on-year rise in net profit in the second quarter of financial year 2017 (2QFY17), largely due to improved contribution from its property investment and development business segment.

The project delivery partner (PDP) for Klang Valley mass rapid transport (MRT) Line 1 yesterday confirmed that the RM21 billion cited by the government as the project’s total cost excluded “other associated costs”.

Technology can help elevate the standard of living of a building’s occupants both within their units and outside.

Sold for: RM4.1 million; Concluded by: Desmond Chia (REN 19255) of Hartamas Real Estate OUG Sdn Bhd (012-987 9117); When: October 2016