The land is located along Jalan Conlay below which the MRT Line 2 is expected to connect the Conlay and Tun Razak Exchange stations.

Penang property developer Tambun Indah Land Bhd has recorded a net profit increase of 5.88% to RM25.2 million in the third quarter ended Sept 30, 2016 (3Q2016), from RM23.8 million a year earlier.

Eastern & Oriental Bhd (E&O) is planning to launch an estimated RM205 million gross development value of properties within its Seri Tanjung Pinang development in Penang within the next three months.

Propelled by an impressive track record and a solid legacy, Gamuda Land moves forward to raise the bar in upcoming developments.

The research house’s top “buy” picks are City Developments Limited (CDL), CapitaLand and UOL Group at target prices of S$9.90, S$7.20 and S$3.60 respectively.

CapitaLand intends to open eight new shopping malls in 2017, six of which are retail components of integrated developments in China, and one each in Malaysia and India.

CIMB Group Holdings Bhd is bracing for a "slight slowdown" in home and car loans in 2017, as the banking sector contends with weak consumer sentiment, CIMB group consumer banking CEO Samir Gupta said.

Prime Minister Datuk Seri Najib Razak who is on a three day working visit to Tokyo which ends today, said the international tender process for the project is expected to take place in the last quarter of 2017.

Rafizi questioned whether there are enough exports to fully utilise the 600km ECRL as the 70km rail is not fully utilised now.

In a filing with Bursa Malaysia yesterday, Seacera said its wholly-owned subsidiary Seacera Properties Sdn Bhd is acquiring the company from two individuals, Ismail Othman and Zainab Mansor.