KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) is eyeing foreign embassies as tenants in its flagship Kuala Lumpur Sentral central business district (CBD), said group managing director Tan Sri Mohamad Salem Fateh Din.

KUALA LUMPUR (Jan 14): Ivory Properties Group Bhd’s wholly-owned subsidiary, Ivory Indah Sdn Bhd, has entered into a sale and purchase agreement with Jesselton Peak Sdn Bhd for the disposal of a 21.78 ha land in Jesselton, Penang, for RM150 million.

KUALA LUMPUR (Jan 14): Country Garden Pacificview Sdn Bhd (CGP), the master developer for the controversial Forest City project in Johor, has received the approval on its detailed environmental impact assessment (DEIA) from the Department of Environment (DoE).

KUALA LUMPUR (Jan 13): Property developer Tropicana Corp Bhd (fundamental score: 1.30, valuation score: 2) is teaming up with global educational group GEMS Education to develop a school campus at the 88-acre Tropicana Metropark integrated development in Subang Jaya, Selangor.

KUALA LUMPUR (Jan 13): Takaso Resources Bhd has bagged a RM37.44 million-contract to construct a commercial buildings along Jalan Kuching here.

Takaso secured the contract via its wholly-owned subsidiary Takaso Land Sdn Bhd, from OCR Land Holdings Bhd on Jan 12, it told Bursa Malaysia in a filing today.

KUALA LUMPUR (Jan 13): Both SP Setia Bhd and Sime Darby Bhd will have to justify the need for a merger of their property businesses, as both firms have no apparent need for such a move, an analyst said today.

KUALA LUMPUR (Jan 13): SP Setia Bhd, the country's largest property company by market capitalisation, saw the launch of its 3-storey terrace houses dubbed "Caffra" fully taken up, as well as its 3-storey semi-detached Serrata homes 95% taken up, at Precinct 11, Setia Alam, Selangor within a day on Sunday.

KUALA LUMPUR (Jan 12): Eco World Investment Co Ltd (EW Investment), a private vehicle controlled by Tan Sri Liew Kee Sin and Datuk Voon Tin Yow, will develop three large scale residential projects in London together with the Ballymore Group, with a total gross development value (GDV) of £2.2 billion.

KUALA LUMPUR (Jan 12): SP Setia Bhd has appointed PNB Merdeka Ventures Sdn Bhd CEO Tengku Datuk Abdul Aziz Tengku Mahmud to its board as a non-executive director, the group told Bursa Malaysia today.

PNB Merdeka Ventures is a wholly-owned unit of Permodalan Nasional Bhd, which is responsible for the development of the 118-storey Warisan Merdeka project.

KUALA LUMPUR: Media-shy, hot-shot developer Datuk Sean Ng Yee Teck, 43, will be throwing an exclusive “party of the century” on Jan 23 at the site of the Empire City development located along the Lebuhraya Damansara-Puchong (LDP) highway.