It said the Department of Occupational Safety and Health Selangor and the Construction Industry Development Board Selangor have visited the site and carried out their investigations.

This is not the first time Oxley has ventured into a new geographical market through a partnership with a local company. The Royal Wharf project in the UK and the Dublin Landings in Ireland were both developed in partnership with local developers.

The purchase price was a 2% discount to the average of two independent valuations. Subject to unitholders’ approval, the acquisition will be funded through the issue of S$100 million new units and bank borrowings.

Maybank Kim Eng is maintaining a “neutral” stance on Singapore’s property sector while positioning defensively at the lower end of the risk spectrum, expressing a preference for exposure to stable platforms over trading portfolios.

The property developer said the surge in revenue was due to higher contribution by the group's property and road and quarry divisions...

MBSB president and CEO Datuk Ahmad Zaini Othman: At the end of the day, in any corporate exercise, it’s all about the pricing. If the pricing is right, then I suppose it’ll be okay.

The group declared a second interim dividend of two sen per share for the current financial year, payable on Jan 31.

OCR Land Holdings Sdn Bhd’s Flexus Signature Suites project will be completed in the second quarter of 2017, as it enters its final stage of development marked with a “topping-up” ceremony today.

SkyWorld Development Group’s SkyAwani 2 Residences’ Tower A which was launched last Saturday had received overwhelming response.

EcoFirst Consolidated Bhd has secured financing facilities worth RM189.95 million from Malaysia Building Society Bhd (MBSB) to finance the acquisition of land and development for its RM5 billion Ampang Ukay project.