KUALA LUMPUR (Oct 15): Property developer Ibraco Bhd has entered into a memorandum of understanding (MOU) with its 70%-owned subsidiary, Ibraco HGS Sdn Bhd, to jointly develop 12 parcels of mixed-zone land in Kuching, Sarawak.

PETALING JAYA: The board of OSK Holdings Bhd is meeting as early as today to discuss the potential acquisition of OSK Property Holdings Bhd and PJ Development Holdings Bhd, said sources.

“Tentatively, the plan is for OSK Holdings to acquire OSK Property and PJD Development,” said a source familiar with the matter.

Eco World’s inaugural charity dinner on Oct 11 netted RM6.64 million. Those seen here with the mock cheque for the amount include Chang (fourth from left), Lee (eight from left) and Liow (ninth from left).

KUALA LUMPUR: Property developer Guocoland (Malaysia) Bhd saw its net profit plunge 78.5% to RM2.78 million for the first financial quarter ended Sept 30, 2014 (1QFY15) from RM12.94 million a year ago, mainly due to lower contribution from its commercial project in PJ City, Old Klang Road and its residential project in Kajang, Selangor.

Sunway surprises all; E&O and IOI Properties make a comeback

KUALA LUMPUR: Aquaint Danga Residensi (ADR), a RM900 million joint venture (JV) between Iskandar Waterfront Holdings Sdn Bhd (IWH) and two Singapore partners, saw nearly 80% of its 358 units in two blocks of luxury condominiums snapped up within two days of its sales launch in Johor Baru.

Ahmad Phesal (second from right) and Perbadanan Pembangunan Kampung Baru deputy chairman Datuk Seri Matshah Safuan (second from left) launching the ‘Jalan-Jalan Kampung Baru’ official guided tours yesterday. Photo by Shahrin Yahya

KUALA LUMPUR: The Budget 2015 is ‘uninteresting’ for the real estate sector as it does not deal with issues such as the application of the goods and services tax (GST), said a property consultant.

KUALA LUMPUR (Oct 10): Share prices of OSK Property Holdings Bhd and PJ Development Holdings Bhd (PJD) advanced as much as 4.3% and 3.4% respectively in morning trade, following reports veteran stockbroker Tan Sri Ong Leong Huat plans to merge the two property firms soon.

KUALA LUMPUR: Australia-based Crown Group Holdings Pty Ltd is launching its new A$250 million (RM719 million) Sydney By Crown in Sydney on Nov 22.

The landmark 220-apartment development will be the only new apartment building  in the central business district to be launched and open for sale before the end of this year, it said in a recent press statement.