In a sector note, analyst Tan Siang Hin said sales growth has slowed down with several developers already toning down their sales target from the beginning of the year.

In a filing with Bursa Malaysia, EcoWorld said the extension was pursuant to the expiry of the six-month period — from the letter of award (LoA) — to obtain the planning permission (planning permission period) and its shareholder’s approval (shareholder approval period) at an extraordinary general meeting, pursuant to the proposed Eco Marina Development on Sept 26.

The property developer had first unveiled the RM10 billion new township in 2007. Spanning 100 acres, the new township will be developed in stages over a 15-year period.

Panellists at discussion themed “Property Watch – Buy, Sell or Hold?” are confident in the outlook of the property market because demand for housing is still strong

In a statement today, Ruark denied that it had continually not complied with the JVA as alleged — or that it had not complied in any way.

In a filing with Bursa Malaysia today, Eco World said its wholly-owned subsidiary Paragon Pinnacle Sdn Bhd has signed five separate conditional sale and purchase agreements (SPAs) with four vendors for the proposed acquisition.

Stefan Thumiger will be in charge of the overall business performance of Treasure Bay Bintan development, including its owned and managed properties and strategic partnerships

Malaysian Issuing House Sdn Bhd said the IPO received 2,442 applications totalling 45.92 million units for 11.6 million units that were available for public subscription.

In a filing with Bursa Malaysia yesterday, BLand said its hotels and resorts businesses also reported lower profit contributions as well as higher finance costs in 1QFY16.

1MDB said potential purchasers were invited to register their interest with Savills (M) Sdn Bhd, which is advising 1MDB on the exercise.