IOI Properties Group Bhd will embark on its third property project in China, after winning the tender to acquire a 6.2-acre (2.51ha) parcel of leasehold land in Xiang An central business district in Xiamen, China, for 2.32 billion yuan (RM1.4 billion).

Kerjaya Prospek explained that the outstanding performance especially in the construction segment had mitigated the slowdown in the manufacturing segment

Ivory said the property market remains sluggish with challenging economic environment globally and domestically.

IOI Properties said the land was acquired via its indirect 99.8%-owned subsidiary IOI (Xiamen) Properties Co Ltd through a competitive bidding conducted by the Xiamen Bureau of Land Resources and Real Estate Management.

In contrast, Ireka incurred net loss of RM4.09 million in the previous corresponding quarter mainly due to the share of loss in Aseana.

It will be the first SGX index to be used as a benchmark index for a new exchange-traded fund.

A one-minute drive from customs, immigration and quarantine complex connecting Singapore and southern Peninsular Malaysia, One Bukit Senyum will be Johor Bahru’s new central business district when it is fully completed in 2021...

The freehold project comprises 352 units of 3-bedroom and 2-bathroom apartment units with a built-up size of 900 sq ft. Each comes with two parking bays. Prices start from RM307,000.

The development is accessible via the North-South Expressway, New Pantai Expressway, Kuala Lumpur-Seremban Expressway and Shah Alam Expresway.

JL99 Group chairman Datuk Seri Jeff Lee who had watched the Rio Olympics Badminton finals last week said he was overwhelmed by the duo’s performance.