The development builds on Ferringhi Residence, being a resort condominium in the tourist belt of Batu Ferringhi.

In a filing with Bursa Malaysia yesterday, IUBB said the acquisition was to boost its investment into the property development sector as I-Platinum had a joint-venture with UDA Holdings Bhd to develop two parcels of land on Jalan Seri Tanjung Pinang, Penang Island

Thai developer Sansiri Public Company Limited will unveil its latest project, The Line Sukhumvit 71, at two presale launch events over the weekend of Aug 1 and 2 in Singapore and Hong Kong, and Aug 8 and 9 in Bangkok, Thailand.

AmResearch said Mah Sing was targeting to generate between RM300 million and RM350 million sales from new developments, making up 11% of the group’s overall projected sales

As at March 2015, there were 19,359 private residential units unsold, which include launched and unlaunched projects with the prerequisites for sale

Mitsui Outlet Park has approximately 24,000 sq ft of retail space housing 127 brands

The better quarterly results notwithstanding, its net profit for the full FY2015 fell 79.63% to RM6.13 million or 0.87 sen per share from RM30.11 million or 4.63 sen per share a year ago

Jiankun said its wholly owned unit JKI Development Sdn Bhd has entered into a joint venture (JV) agreement with the landowner Five Star Development (Puchong) Sdn Bhd to develop 377 units of serviced apartments with an estimated gross development value (GDV) of RM180 million.

Mah Sing said it plans to develop serviced residences, office towers, shop offices, retail lots, a retail mall and a hotel on the land.

Mitsui and NTPSB will hold equity stakes of 49% and 51%, respectively, in the newly formed joint venture entity