On Nov 30 last year, Iris was awarded the construction contract by Perbadanan Putrajaya for the development of PPA1M and a mixed development on 16.2 acres of land in Putrajaya for an estimated gross development cost of RM622.73 million.

Prices for the top 20 cities actually edged 0.1% lower in June, according to the CoreLogic Case-Shiller Indices. 

A requirement for serviced apartment, Soho and Sovo projects

This marks the beginning of CapitaLand’s enhanced asset-light strategy to enlarge its mall network through third-party management contracts to complement its core strategy of developing, owning and managing malls.

The real estate market outlook for Penang till the end of this year seems rather uncertain due to weak market sentiments in both the primary and secondary markets. This is expected to lead to poorer performance this year, according to Henry Butcher Malaysia (Penang) Sdn Bhd.

Putra Perdana Construction Sdn Bhd (PPC), the construction arm of Putrajaya Perdana Bhd which is bidding for RM4.5 billion worth of projects in the next two months, is targeting another record year in its current financial year ending Dec 31, 2016 (FY16), driven by its firm order and tender books.

UEM Sunrise Bhd's second quarter net profit declined 35% on year to RM54.66 million, due to the property developer's one-off items in the previous corresponding quarter.

KLK Land, the property arm of Kuala Lumpur Kepong Bhd, has signed a memorandum of understanding (MoU) with Wesley Methodist School (WMS) for the building and running of a private school at its Bandar Seri Coalfields (BSC) township, the group announced in a press release today.

S P Setia Bhd’s new launches of double storey terraced homes in Precinct 17, Setia Alam have received 85% take-up over the weekend.

The first quarter ended June 30, 2016 (1QFY17) revenue fell 64% mainly due to earlier completion of projects and delays in the launch of new property projects. 1QFY17 net profit was below RM100,000. No interim dividend was declared.