Singapore’s The Straits Times quoted Wilmar chairman and chief executive Kuok Khoon Hong as saying yesterday that Pua Seck Guan, who is also Perennial Real Estate chief executive, could open the door to ventures into real estate projects for agribusiness-based Wilmar.

The group expects to see higher contribution from its Setia Spice project, which features a hotel, indoor stadium, convention centre, aquatic club, retail shops and a food and beverage podium, from FY17.

Bina Darulaman expects to derive a profit of RM14.5 million from the proposed development, which will comprise 255 units of two-storey terrace house and 40 units of two-storey shop offices, to be known as Phase 2.

The property, known as AmBank Group Leadership Centre, is an office building comprising a 10-storey office block, a penthouse and a 3-level car park constructed on a freehold tract spanning 1,428 sq m.

On the community's concerns that they might be relocated, Malik said it was too early to say with the proposal only at a preliminary stage. "The consortium will work out the details and we will take it a step at a time."

With a bleak prospect for the property sector and the hospitality segment showing signs of a slowdown, CHHB has initiated steps to improve its hospitality business.
 

Homes will be built by 2020 in several areas, including Kota Puteri, Batu Arang; Subang Bestari, Shah Alam; and Science Park 2, Sepang.

Batam’s first luxury integrated residential and mixed-use development will integrate an exclusive residential area with a full suite of resort facilities surrounded by an 18-hole international golf course along the 1.2km-long beachfront.

Parents of children at St. Philomena school on Jalan Silibin, Ipoh, are not happy with the state government for alienating a piece of land beside the school for a commercial development, rejecting their application to turn it into a school field.

Deputy Finance Minister Datuk Chua Tee explained that he was assured by officers from thePublic Sector Home Financing Board (LPPSA) during a briefing that such a requirement does not exist in government policy.