The stapled group said the decline in earnings was primarily due to a RM32.2 million write- off of its City Point Kompleks Dayabumi project, which has been closed for redevelopment.

The 3.95ha land parcel, located in Kawasan Perindustrian i-Park, has four single-storey detached factories annexed to a two-storey office building.

The prime tract that Titijaya Land Bhd and its joint-venture partner Amona Development Sdn Bhd are eyeing is located near Berjaya Times Square in Imbi — within a 2km radius of the upcoming Tun Razak Exchange (TRX) — sources say.

Last week, Petaling Jaya mayor Mohd Azizi Mohd Zain said the developers were required to build roads to improve accessibility before they could start work on their individual projects.

Hualien Residences “are a pragmatic utopian attempt at rural densification where the ecological qualities of nature aren’t consumed by the urban development, but rather extended and amplified.”

Situated next to the Petronas Twin Towers, Naza Tower is a Grade A office building with 505,930 sq ft of net lettable area. 

The Mah Sing Foundation raises money through various activities to champion causes such as medical assistance, financial assistance and relief schemes.

Funding likely via internal funds from its two Australian projects.

S P Setia Bhd expects its revenue to exceed the RM2 billion mark in the fourth quarter ending Dec 31, 2015 (4Q2015)

To date, the group has launched RM3 billion worth of properties in KL Eco City, which include a 35-storey strata office tower with a gross development value (GDV) of about RM306 million.