In a note today, the research house said it was positive on the move, as the planned spin-offs allow Sime to crystalise values of its businesses.

Sunsuria Bhd has opened Block B, the final block at The Olive condominium project at Sunsuria City in Salak Tinggi, Selangor, for sale following good response to the earlier blocks.

Sold for: RM1.5 million, Concluded by: Yip Zhen Hao (REN 18453) of Cornerstone Realty (016-338 9152), When: September 2016

Currently, the building is leased to Pantai Medical Centre for a term of 15 years, expiring on May 14, 2029, and being occupied and operating as “Pantai Hospital Manjung”.

The property comprises a 45,000 sq ft piece of leasehold land rated at RM1,100 per sq ft and a single-storey detached factory.

This is on the back of Beijing’s tightened controls to curb property price growth.

Advance Information Marketing Bhd (AIM) has decided not to proceed with the purchase of an arcade shoplot unit in Kota Kinabalu, Sabah from private property developer Sunsea Development Sdn Bhd.

"D3 is a wholesome concept that uses Industrial Building System. It covers not only the building material and methodology but also the overall design and master planning," said Sime Darby Property managing director Datuk Jauhari Hamidi.

The Employees Provident Fund board (EPF) has increased its stake in IOI Properties Group Bhd (IOI Prop) and emerged as one of the group's substantial shareholder, with 5.06%.

Yesterday, Gadang posted a 57% jump in net profit to RM27.91 million in the second quarter ended Nov 30, 2016, from RM17.72 million a year earlier, on better margins from construction activities and higher contributions from the property segment.